A new trading day began on Friday, with Clear Channel Outdoor Holdings Inc. (NYSE: CCO) stock price remained unchanged from the previous day of trading, before settling in for the closing price of $1.58. CCO’s price has ranged from $1.04 to $2.06 over the past 52 weeks.
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A company in the Communication Services sector has dropped its sales by -3.19% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 57.41%. With a float of $354.66 million, this company’s outstanding shares have now reached $483.06 million.
In an organization with 3900 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 41.86%, operating margin of 14.44%, and the pretax margin is -7.74%.
Clear Channel Outdoor Holdings Inc. (CCO) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Advertising Agencies Industry. The insider ownership of Clear Channel Outdoor Holdings Inc. is 27.47%, while institutional ownership is 73.47%. The most recent insider transaction that took place on Jul 30 ’24, was worth 79,361. In this transaction 10% Owner of this company sold 46,959 shares at a rate of $1.69, taking the stock ownership to the 104,812,998 shares. Before that another transaction happened on Apr 10 ’24, when Company’s 10% Owner sold 12,584 for $1.55, making the entire transaction worth $19,505. This insider now owns 104,859,957 shares in total.
Clear Channel Outdoor Holdings Inc. (CCO) Performance Highlights and Predictions
In its latest quarterly report, released on 6/30/2024, the company reported earnings of -0.55 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.04 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 57.41% 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
Here are Clear Channel Outdoor Holdings Inc.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.02. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.35.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.74, a number that is poised to hit -0.06 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)
Let’s dig in a bit further. During the last 5-days, its volume was 0.61 million. That was inferior than the volume of 1.99 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 75.10%. Additionally, its Average True Range was 0.07.
During the past 100 days, Clear Channel Outdoor Holdings Inc.’s (CCO) raw stochastic average was set at 49.15%, which indicates a significant decrease from 70.97% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 57.99% in the past 14 days, which was higher than the 48.38% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.5380, while its 200-day Moving Average is $1.5774. However, in the short run, Clear Channel Outdoor Holdings Inc.’s stock first resistance to watch stands at $1.6100. Second resistance stands at $1.6400. The third major resistance level sits at $1.6700. If the price goes on to break the first support level at $1.5500, it is likely to go to the next support level at $1.5200. Assuming the price breaks the second support level, the third support level stands at $1.4900.
Clear Channel Outdoor Holdings Inc. (NYSE: CCO) Key Stats
With a market capitalization of 772.54 million, the company has a total of 488,707K Shares Outstanding. Currently, annual sales are 2,127 M while annual income is -310,920 K. The company’s previous quarter sales were 558,540 K while its latest quarter income was -39,170 K.
