Clear Channel Outdoor Holdings Inc. (NYSE: CCO) kicked off on Tuesday, up 9.09% from the previous trading day, before settling in for the closing price of $1.43. Over the past 52 weeks, CCO has traded in a range of $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%. While this was happening, its average annual earnings per share was recorded 61.10%. With a float of $353.28 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
Our next focus will be how large-scale investors are participating in this stock of the Advertising Agencies Industry. The insider ownership of Clear Channel Outdoor Holdings Inc. is 27.71%, while institutional ownership is 72.56%. 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
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
Take a look at Clear Channel Outdoor Holdings Inc.’s (CCO) current performance indicators. Last quarter, stock had a quick ratio of 1.03. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.33.
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 3.04 million, which is a jump from its year-to-date volume of 2.13 million. As of the previous 9 days, the stock’s Stochastic %D was 91.83%. 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 35.29%, which indicates a significant decrease from 96.43% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 42.88% in the past 14 days, which was lower than the 54.76% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.4524, while its 200-day Moving Average is $1.5195. However, in the short run, Clear Channel Outdoor Holdings Inc.’s stock first resistance to watch stands at $1.6033. Second resistance stands at $1.6467. The third major resistance level sits at $1.7233. If the price goes on to break the first support level at $1.4833, it is likely to go to the next support level at $1.4067. Should the price break the second support level, the third support level stands at $1.3633.
Clear Channel Outdoor Holdings Inc. (NYSE: CCO) Key Stats
The company with the Market Capitalisation of 762.39 million has total of 488,707K Shares Outstanding. Its annual sales at the moment are 2,127 M in contrast with the sum of -310,920 K annual income. Company’s last quarter sales were recorded 481,750 K and last quarter income was -89,670 K.
