Altair Engineering Inc. [NASDAQ: ALTR] stock went down by -17.40% or -6.52 points down from its previous closing price of $37.47. The stock reached $30.95 during the last trading session. During the course of the last 5 trading session in the week, ALTR share price went up during 2 out of 5 days, that way losing -16.96% in the period of the last 7 days.
ALTR had two major price movements with the latest trading session as the price jumped to a high of $38.34, at one point touching $37.355. The latest high is set lower that the high price recorded in the period of the last 52 weeks, set at $38.34. The 52-week high currently stands at $43.28 distance from the present share price, noting recovery 17.39% after the recent low of $25.28.
Altair Engineering Inc. [NASDAQ:ALTR]: Analyst Rating and Earnings
Its stock price has been found in the range of 25.28 to 43.28. This is compared to its latest closing price of $37.47.
Stay on the lookout for the next publication of this organization’s financial results for the quarter, which will be made public on Coming Soon.. ).
Fundamental Analysis of Altair Engineering Inc. [ALTR]
Now let’s turn to look at profitability: with a current Operating Margin for Altair Engineering Inc. [ALTR] sitting at +5.26 and its Gross Margin at +68.71, this company’s Net Margin is now 4.10%. These metrics indicate that this company is not generating as much profit, after accounting for expenses, compared to its market peers.
This company’s Return on Total Capital is 10.85, and its Return on Invested Capital has reached 3.50%. Its Return on Equity is 7.79, and its Return on Assets is 3.56. These metrics suggest that this Altair Engineering Inc. does a poor job of managing its assets, and likely won’t be able
Turning to investigate this organization’s capital structure, Altair Engineering Inc. [ALTR] has generated a Total Debt to Total Equity ratio of 10.98. Similarly, its Total Debt to Total Capital is 9.89, while its Total Debt to Total Assets stands at 6.57. Looking toward the future, this publicly-traded company’s Long-Term Debt to Equity is 104.26, and its Long-Term Debt to Total Capital is 10.96.
What about valuation? This company’s Enterprise Value to EBITDA is 71.18 and its Total Debt to EBITDA Value is 0.88. The Enterprise Value to Sales for this firm is now 5.92, and its Total Debt to Enterprise Value stands at 0.02. Altair Engineering Inc. [ALTR] has a Price to Book Ratio of 6.78, a Price to Cash Flow Ratio of 57.00 and P/E Ratio of 456.63. These metrics suggest that this publicly-traded organization will not likely result in investment gains.
Shifting the focus to workforce efficiency, Altair Engineering Inc. [ALTR] earns $139,080 for each employee under its payroll. Similarly, this company’s Receivables Turnover is 4.09 and its Total Asset Turnover is 1.03. This publicly-traded organization’s liquidity data is also interesting: its Quick Ratio is 1.17 and its Current Ratio is 1.19. This company, considering these metrics, has a healthy ratio between its short-term liquid assets and its short-term liabilities, making it a less risky investment.
Altair Engineering Inc. [ALTR] has 70.58M shares outstanding, amounting to a total market cap of $2.64B. Its stock price has been found in the range of 25.28 to 43.28. At its current price, it has moved down by -28.49% from its 52-week high, and it has moved up 22.43% from its 52-week low.
This stock’s Relative Strength Index (RSI) is at 31.76. This RSI score is good, suggesting this stock is neither overbought or oversold.
Conclusion: Is Altair Engineering Inc. [ALTR] a Reliable Buy?
Altair Engineering Inc. [ALTR] stock is presenting a less attractive investment opportunity when compared to similarly-sized corporations in the same industry. The price performance of these shares has not shown much promise, and the financial results that this company has recently delivered present a highly risky investment.