Clear Channel Outdoor Holdings Inc (NYSE: CCO) kicked off on Friday, down -4.14% from the previous trading day, before settling in for the closing price of $1.45. Over the past 52 weeks, CCO has traded in a range of $1.29-$2.06.
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Annual sales at Communication Services sector company slipped by -3.64% over the past five years. While this was happening, its average annual earnings per share was recorded 48.36%. With a float of $345.77 million, this company’s outstanding shares have now reached $488.95 million.
Let’s look at the performance matrix of the company that is accounted for 3900 employees. 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) Insider and Institutional Ownership
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 29.30%, while institutional ownership is 72.28%. 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) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 48.36% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 41.41% 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 1.00. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.30.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.26, a number that is poised to hit 0.01 in the next quarter and is forecasted to reach -0.18 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 0.95 million, a negative change from its year-to-date volume of 1.02 million. As of the previous 9 days, the stock’s Stochastic %D was 51.98%. 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 18.27%, which indicates a significant decrease from 46.81% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 43.35% in the past 14 days, which was lower than the 43.86% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.4332, while its 200-day Moving Average is $1.5057. Nevertheless, the first resistance level for the watch stands at $1.4367 in the near term. At $1.4833, the stock is likely to face the second major resistance level. The third major resistance level sits at $1.5167. If the price goes on to break the first support level at $1.3567, it is likely to go to the next support level at $1.3233. The third support level lies at $1.2767 if the price breaches the second support level.
Clear Channel Outdoor Holdings Inc (NYSE: CCO) Key Stats
The company with the Market Capitalisation of 679.82 million has total of 489,078K 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 558,990 K and last quarter income was -32,540 K.
