Clear Channel Outdoor Holdings Inc. (NYSE:CCO) price on Wednesday, May 09, fall -1.28% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $1.54.
A look at the stock’s price movement, the close in the last trading session was $1.56. Turning to its 52-week performance, $2.06 and $0.99 were the 52-week high and 52-week low respectively. Overall, CCO moved -6.10% over the past month.
Clear Channel Outdoor Holdings Inc.’s market cap currently stands at around $744.93 million.
Analysts have a consensus estimate of 478.55M for the company’s revenue for the quarter, with a low and high estimate of 474.18M and 483M respectively. The average forecast suggests down to a -12.30% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 2.25B, representing a 5.70% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that CCO is a 50% Sell. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in Hold category.
CCO’s current price about 3.95% and -3.25% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 51.74, while 7-day volatility ratio is 4.54% and 5.57% in the 30-day chart. Further, Clear Channel Outdoor Holdings Inc. (CCO) has a beta value of 3.05, and an average true range (ATR) of 0.08.
If we refocus on Clear Channel Outdoor Holdings Inc. (NYSE:CCO), historical trading data shows that trading volumes averaged 2.35 million over the past 3 months. The company’s latest data on shares outstanding shows there are 483.06 million shares.
The 13.16% of Clear Channel Outdoor Holdings Inc.’s shares are in the hands of company insiders while institutional holders own 88.03% of the company’s shares. Current price change has pushed the stock -15.38% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CCO stock continues to rise going into the next quarter.