The price of Altus Power Inc (NYSE: AMPS) closed at $6.73 in the last session, up 2.59% from day before closing price of $6.56. In other words, the price has increased by $+0.17 from its previous closing price. On the day, 656230 shares were traded. AMPS stock price reached its highest trading level at $6.76 during the session, while it also had its lowest trading level at $6.53.
Ratios:
We take a closer look at AMPS’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 1.02 and its Current Ratio is at 1.02. In the meantime, Its Debt-to-Equity ratio is 2.37 whereas as Long-Term Debt/Eq ratio is at 2.29.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Northland Capital on November 30, 2023, initiated with a Outperform rating and assigned the stock a target price of $10.
Morgan Stanley Upgraded its Equal-Weight to Overweight on January 10, 2023, while the target price for the stock was maintained at $12.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Feb 16 when Savino Anthony sold 4,598 shares for $7.15 per share. The transaction valued at 32,876 led to the insider holds 3,887,663 shares of the business.
Weber Dustin sold 4,350 shares of AMPS for $31,102 on Feb 16. The CHIEF FINANCIAL OFFICER now owns 1,884,926 shares after completing the transaction at $7.15 per share. On Feb 15, another insider, Savino Anthony, who serves as the COFOUNDER,CHIEF CONST. OFFICER of the company, sold 15,275 shares for $7.14 each. As a result, the insider received 109,014 and left with 3,892,261 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, AMPS now has a Market Capitalization of 1.08B and an Enterprise Value of 2.11B. As of this moment, Altus’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.55, and their Forward P/E ratio for the next fiscal year is 119.81. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.24 while its Price-to-Book (P/B) ratio in mrq is 2.30. Its current Enterprise Value per Revenue stands at 14.31 whereas that against EBITDA is 12.97.
Stock Price History:
Over the past 52 weeks, AMPS has reached a high of $7.41, while it has fallen to a 52-week low of $4.08. The 50-Day Moving Average of the stock is 6.22, while the 200-Day Moving Average is calculated to be 5.71.
Shares Statistics:
According to the various share statistics, AMPS traded on average about 1.07M shares per day over the past 3-months and 965.81k shares per day over the past 10 days. A total of 158.90M shares are outstanding, with a floating share count of 77.93M. Insiders hold about 50.99% of the company’s shares, while institutions hold 47.08% stake in the company. Shares short for AMPS as of Jan 31, 2024 were 7.27M with a Short Ratio of 6.80, compared to 7.32M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 4.57% and a Short% of Float of 11.49%.
Earnings Estimates
The company has 6 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.01 for the current quarter, with a high estimate of $0.03 and a low estimate of -$0.04, while EPS last year was $0.42. The consensus estimate for the next quarter is -$0.05, with high estimates of -$0.01 and low estimates of -$0.07.
Analysts are recommending an EPS of between $0.15 and $0.06 for the fiscal current year, implying an average EPS of $0.1. EPS for the following year is $0.01, with 5 analysts recommending between $0.14 and -$0.09.
Revenue Estimates
According to 6 analysts, the current quarter’s revenue is expected to be $43.93M. It ranges from a high estimate of $46M to a low estimate of $40.81M. As of the current estimate, Altus Power Inc’s year-ago sales were $26.76M, an estimated increase of 64.10% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $42.99M, an increase of 46.30% less than the figure of $64.10% in the same quarter last year. There is a high estimate of $46.29M for the next quarter, whereas the lowest estimate is $40.93M.
A total of 7 analysts have provided revenue estimates for AMPS’s current fiscal year. The highest revenue estimate was $167M, while the lowest revenue estimate was $161.78M, resulting in an average revenue estimate of $164.49M. In the same quarter a year ago, actual revenue was $101.16M, up 62.60% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $224.88M in the next fiscal year. The high estimate is $240.9M and the low estimate is $203.32M. The average revenue growth estimate for next year is up 36.70% from the average revenue estimate for this year.
