Clear Channel Outdoor Holdings Inc. (NYSE: CCO) is -13.19% lower on its value in year-to-date trading and has touched a low of $1.04 and a high of $2.06 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CCO stock was last observed hovering at around $1.56 in the last trading session, with the day’s gains setting it 0.02%.
Currently trading at $1.58, the stock is 13.91% and 8.79% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.74 million and changing 1.28% at the moment leaves the stock 3.98% off its SMA200. CCO registered 6.04% gain for a year compared to 6-month loss of -10.73%.
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The stock witnessed a 9.72% gain in the last 1 month and extending the period to 3 months gives it a -2.47%, and is 18.80% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.86% over the week and 4.05% over the month.
Clear Channel Outdoor Holdings Inc. (CCO) has around 3900 employees, a market worth around $772.16M and $2.28B in sales. Profit margin for the company is -15.59%. Distance from 52-week low is 51.92% and -23.11% from its 52-week high. The company has generated returns on investments over the last 12 months (-10.38%).
The EPS is expected to grow by 61.10% this year
The shares outstanding are 483.06M, and float is at 353.28M with Short Float at 9.68%.
Clear Channel Outdoor Holdings Inc. (CCO) Insider Activity
The most recent transaction is an insider sale by PACIFIC INVESTMENT MANAGEMENT, the company’s 10% Owner. SEC filings show that PACIFIC INVESTMENT MANAGEMENT sold 12,584 shares of the company’s common stock on Apr 10 ’24 at a price of $1.55 per share for a total of $19505.0. Following the sale, the insider now owns 104.86 million shares.