Clear Channel Outdoor Holdings Inc (NYSE:CCO) shares, rose in value, without any change to the previous day’s close as strong demand from buyers drove the stock to $1.07.
Actively observing the price movement in the recent trading, the stock is buoying the session at $1.07. Referring to stock’s 52-week performance, its high was $1.88, and the low was $0.81. On the whole, CCO has fluctuated by 8.72% over the past month.
With the market capitalization of Clear Channel Outdoor Holdings Inc currently standing at about $531.49 million, investors are eagerly awaiting this quarter’s results, scheduled for in June.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.57B, with a low estimate of 394.4M and a high estimate of 401M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 397.37M.
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 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% 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 -4.25% and 0.28% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 45.29, while the 7-day volatility ratio is showing 1.68% which for the 30-day chart, stands at 2.42%. Furthermore, Clear Channel Outdoor Holdings Inc (CCO)’s beta value is 2.60, 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 0.00% in today’s session so far, and over the past year, it shrunk by -25.69%%.
Data on historical trading for Clear Channel Outdoor Holdings Inc (NYSE:CCO) indicates that the trading volumes over the past 3 months, they’ve averaged 2.08 million. According to company’s latest data on outstanding shares, there are 490.91 million shares outstanding.
Nearly 31.33% of Clear Channel Outdoor Holdings Inc’s shares belong to company insiders and institutional investors own 70.54% of the company’s shares. The stock has fallen by -21.90% 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.
