On Monday, Clear Channel Outdoor Holdings Inc. (NYSE: CCO) was -3.09% drop from the session before settling in for the closing price of $1.62. A 52-week range for CCO has been $1.04 – $2.06.
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Annual sales at Communication Services sector company slipped by -3.19% over the past five years. When this article was written, the company’s average yearly earnings per share was at 54.79%. With a float of $354.66 million, this company’s outstanding shares have now reached $483.06 million.
Let’s look at the performance matrix of the company that is accounted for 3900 employees. 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 and Institutional Ownership
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 27.47%, while institutional ownership is 73.38%. 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) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 54.79% 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 1.02. 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)
Clear Channel Outdoor Holdings Inc. (NYSE: CCO) saw its 5-day average volume 0.92 million, a negative change from its year-to-date volume of 1.96 million. As of the previous 9 days, the stock’s Stochastic %D was 68.46%. 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 47.46%, which indicates a significant decrease from 52.94% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 37.21% in the past 14 days, which was lower than the 48.73% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.5602, while its 200-day Moving Average is $1.5737. Nevertheless, the first resistance level for the watch stands at $1.6267 in the near term. At $1.6833, the stock is likely to face the second major resistance level. The third major resistance level sits at $1.7167. If the price goes on to break the first support level at $1.5367, it is likely to go to the next support level at $1.5033. The third support level lies at $1.4467 if the price breaches the second support level.
Clear Channel Outdoor Holdings Inc. (NYSE: CCO) Key Stats
There are 488,707K outstanding shares of the company, which has a market capitalization of 767.65 million. As of now, sales total 2,127 M while income totals -310,920 K. Its latest quarter income was 558,540 K while its last quarter net income were -39,170 K.
