On Friday, Clear Channel Outdoor Holdings Inc. (NYSE: CCO) was -3.62% drop from the session before settling in for the closing price of $1.38. A 52-week range for CCO has been $1.04 – $2.06.
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During the last 5-year period, the sales drop of Communication Services Sector giant was -3.19%. When this article was written, the company’s average yearly earnings per share was at 61.10%. With a float of $409.11 million, this company’s outstanding shares have now reached $483.06 million.
Let’s determine the extent of company efficiency that accounts for 3900 employees.
Clear Channel Outdoor Holdings Inc. (CCO) Insider Activity
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Clear Channel Outdoor Holdings Inc. stocks. The insider ownership of Clear Channel Outdoor Holdings Inc. is 16.29%, while institutional ownership is 84.40%. The most recent insider transaction that took place on Apr 10 ’24, was worth 19,505. In this transaction 10% Owner of this company sold 12,584 shares at a rate of $1.55, taking the stock ownership to the 104,859,957 shares.
Clear Channel Outdoor Holdings Inc. (CCO) Earnings and Forecasts
Going through the last 3-months fiscal report unveiled on the 3/31/2024, it has been observed that the corporation posted -0.08 earnings per share (EPS) during the time that was less than consensus figure (set at -0.06) by -0.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.06 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 61.10% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 7.00% during the next five years compared to 8.15% growth over the previous five years of trading.
Clear Channel Outdoor Holdings Inc. (NYSE: CCO) Trading Performance Indicators
You can see what Clear Channel Outdoor Holdings Inc. (CCO) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 1.03. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.29.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.74, a number that is poised to hit -0.05 in the next quarter and is forecasted to reach -0.13 in one year’s time.
Technical Analysis of Clear Channel Outdoor Holdings Inc. (CCO)
Looking closely at Clear Channel Outdoor Holdings Inc. (NYSE: CCO), its last 5-days average volume was 2.0 million, which is a drop from its year-to-date volume of 2.11 million. As of the previous 9 days, the stock’s Stochastic %D was 35.71%. Additionally, its Average True Range was 0.06.
During the past 100 days, Clear Channel Outdoor Holdings Inc.’s (CCO) raw stochastic average was set at 0.00%, which indicates a significant increase from 0.00% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 31.12% in the past 14 days, which was lower than the 53.30% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.4650, while its 200-day Moving Average is $1.5210. However, in the short run, Clear Channel Outdoor Holdings Inc.’s stock first resistance to watch stands at $1.3633. Second resistance stands at $1.3967. The third major resistance level sits at $1.4133. If the price goes on to break the first support level at $1.3133, it is likely to go to the next support level at $1.2967. Should the price break the second support level, the third support level stands at $1.2633.
Clear Channel Outdoor Holdings Inc. (NYSE: CCO) Key Stats
There are 488,707K outstanding shares of the company, which has a market capitalization of 649.98 million. As of now, sales total 2,127 M while income totals -310,920 K. Its latest quarter income was 481,750 K while its last quarter net income were -89,670 K.
