A Look At Insider Reactions To Clear Channel Outdoor Holdings Inc. (CCO)

As of Friday close, Clear Channel Outdoor Holdings Inc.’s (NYSE:CCO) stock was up $0.13, moving up 7.43 percent to $1.88. The average number of shares traded per day over the past five days has been 6,235,320 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.5600 fall in that time frame. In the last twenty days, the average volume was 4,000,940, while in the previous 50 days, it was 2,985,596.

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Since last month, CCO stock retreated -41.43%. Shares of the company fell to $1.6900 on 05/12/22, the lowest level in the past month. A 52-week high of $4.10 was reached on 02/25/22 after having rallying from a 52-week low of $1.69. Since the beginning of this year, CCO’s stock price has dropped by -43.20% or -$1.4300, and marked a new high 10 times. However, the stock has declined by -54.15% since its 52-week high.

Clear Channel Outdoor Holdings Inc. (CCO) last reported insider trading activity 72 days ago on Mar 03. HAMMITT LISA, the Director of the company, disposed of 68,207 shares for $3.72 on Mar 03. It resulted in a $253,730 divestment by the insider. PACIFIC INVESTMENT MANAGEMENT sold 61,793 shares at an average price of $3.30 on Nov 05. The insider now owns 105,433,653 shares following the transaction. On Aug 03, Chief Accounting Officer DILGER JASON sold 23,006 shares at $2.49 apiece. The transaction was valued at $57,285.

Valuation Metrics

The latest dividend of $0.0687 per share was paid out, remained unchanged from last year’s $0.0687.

Financial Health

In the three months ended September 29, Clear Channel Outdoor Holdings Inc.’s quick ratio stood at 1.00, while its current ratio was 1.00, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 44.20% percent. In the year ended September 29, operating margins totaled -5.30%. Based on annual data, CCO earned $970.86 million in gross profit and brought in $2.24 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -3.50%. Return on equity (ROE) for the past 12 months was 13.40%.

In Clear Channel Outdoor Holdings Inc.’s quarter-end financial report for September 29, it reported total debt of $5.58 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. CCO’s revenue rose 29.44% to $742.71 million during the quarter, while net income inched up to $525.69 million. While analysts expected Clear Channel Outdoor Holdings Inc. to report -$0.09 quarterly earnings, the actual figure was -$0.09 per share. During the quarter, the company generated $56.8 million in EBITDA. The liabilities of Clear Channel Outdoor Holdings Inc. were 8.46 billion at the end of its most recent quarter ended September 29, and its total debt was $7.23 billion. The value of shareholders’ equity is $475.29 million.

Technical Picture

This quick technical analysis looks at Clear Channel Outdoor Holdings Inc.’s (CCO) price momentum. With a historical volatility rate of 99.71%, the RSI 9-day stood at 22.70% on 13 May.

With respect to its five-day moving average, the current Clear Channel Outdoor Holdings Inc. price is down by -22.95% percent or -$0.5600. At present, CCO shares trade -41.25% below its 20-day simple moving average and -40.69% percent below its 100-day simple moving average. However, the stock is currently trading approximately -48.63% below its SMA50 and -29.59% below its SMA200.

Stochastic coefficient K was 7.26% and Stochastic coefficient D was 5.97%, while ATR was 0.2078. Given the Stochastic reading of 15.08% for the 14-day period, the RSI (14) reading has been calculated as 23.46%. As of today, the MACD Oscillator reading stands at -0.3567, while the 14-day reading stands at -0.5279.


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