A new trading day began on Tuesday, with Clear Channel Outdoor Holdings Inc (NYSE: CCO) stock price down -2.68% from the previous day of trading, before settling in for the closing price of $1.49. CCO’s price has ranged from $1.29 to $2.06 over the past 52 weeks.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
Over the past five-year period, the drop rate of yearbook sales for the company of the Communication Services sector was -3.19%. Meanwhile, its annual earnings per share averaged 51.15%. With a float of $345.85 million, this company’s outstanding shares have now reached $488.95 million.
Considering the fact that the conglomerate employs 3900 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 42.1%, operating margin of 14.36%, and the pretax margin is -6.92%.
Clear Channel Outdoor Holdings Inc (CCO) Breakdown of a Key Holders of the stock
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 29.29%, while institutional ownership is 72.26%. The most recent insider transaction that took place on Nov 05 ’24, was worth 365,000. In this transaction 10% Owner of this company bought 250,000 shares at a rate of $1.46, taking the stock ownership to the 52,432,534 shares. Before that another transaction happened on Nov 04 ’24, when Company’s 10% Owner bought 250,000 for $1.45, making the entire transaction worth $362,500. This insider now owns 52,182,534 shares in total.
Clear Channel Outdoor Holdings Inc (CCO) Recent Fiscal highlights
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 51.15% 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 1.00. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.32.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.26, a number that is poised to hit 0.02 in the next quarter and is forecasted to reach -0.16 in one year’s time.
Technical Analysis of Clear Channel Outdoor Holdings Inc (CCO)
Compared to the last year’s volume of 1.88 million, its volume of 1.19 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 14.59%. Additionally, its Average True Range was 0.05.
During the past 100 days, Clear Channel Outdoor Holdings Inc’s (CCO) raw stochastic average was set at 31.91%, which indicates a significant increase from 6.67% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 26.65% in the past 14 days, which was lower than the 47.93% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.5532, while its 200-day Moving Average is $1.5400. Nevertheless, the first resistance level for the watch stands at $1.4867 in the near term. At $1.5233, the stock is likely to face the second major resistance level. The third major resistance level sits at $1.5467. If the price goes on to break the first support level at $1.4267, it is likely to go to the next support level at $1.4033. Now, if the price goes above the second support level, the third support stands at $1.3667.
Clear Channel Outdoor Holdings Inc (NYSE: CCO) Key Stats
With a market capitalization of 709.17 million, the company has a total of 489,078K Shares Outstanding. Currently, annual sales are 2,127 M while annual income is -310,920 K. The company’s previous quarter sales were 558,990 K while its latest quarter income was -32,540 K.
