Clear Channel Outdoor Holdings Inc (NYSE:CCO) shares, rose in value on Thursday, March 27, with the stock price down by -1.75% to the previous day’s close as strong demand from buyers drove the stock to $1.12.
Actively observing the price movement in the last trading, the stock closed the session at $1.14, falling within a range of $1.11 and $1.14. The value of beta (5-year monthly) was 3.065. Referring to stock’s 52-week performance, its high was $1.88, and the low was $1.09. On the whole, CCO has fluctuated by -13.18% over the past month.
With the market capitalization of Clear Channel Outdoor Holdings Inc currently standing at about $548.87 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-23.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.95B, with a low estimate of 337.7M and a high estimate of 337.7M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 337.7M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CCO’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of CCO currently trading nearly -6.00% and -14.48% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 37.69, while the 7-day volatility ratio is showing 4.10% which for the 30-day chart, stands at 5.57%. Furthermore, Clear Channel Outdoor Holdings Inc (CCO)’s beta value is 2.75, and its average true range (ATR) is 0.06.
A comparison of Clear Channel Outdoor Holdings Inc (CCO) with its peers suggests the former has fared considerably weaker in the market. CCO showed an intraday change of -1.75% in last session, and over the past year, it shrunk by -28.21%%.
Data on historical trading for Clear Channel Outdoor Holdings Inc (NYSE:CCO) indicates that the trading volumes over the past 10 days have averaged 1.7 and over the past 3 months, they’ve averaged 1.38 million. According to company’s latest data on outstanding shares, there are 489.21 million shares outstanding.
Nearly 29.16% of Clear Channel Outdoor Holdings Inc’s shares belong to company insiders and institutional investors own 72.12% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 34.77 million shares as on 2025-03-14, resulting in a short ratio of 19.69. According to the data, the short interest in Clear Channel Outdoor Holdings Inc (CCO) stood at 1180.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 33.32 million. The stock has fallen by -18.25% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CCO stock heading into the next quarter.
