The closing price of Altus Power Inc. (NYSE: AMPS) was $6.92 for the day, up 1.47% from the previous closing price of $6.82. In other words, the price has increased by $+0.10 from its previous closing price. On the day, 528610 shares were traded. AMPS stock price reached its highest trading level at $6.99 during the session, while it also had its lowest trading level at $6.65.
Our analysis of AMPS’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 9.70 and its Current Ratio is at 9.70. In the meantime, Its Debt-to-Equity ratio is 1.59 whereas as Long-Term Debt/Eq ratio is at 1.54.
Upgrades & Downgrades
On October 25, 2022, UBS started tracking the stock assigning a Buy rating and target price of $14.
On July 18, 2022, JP Morgan started tracking the stock assigning a Neutral rating and target price of $9.JP Morgan initiated its Neutral rating on July 18, 2022, with a $9 target price.
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Oct 03 when GSO Altus Holdings LP sold 1,050,000 shares for $11.01 per share. The transaction valued at 11,560,500 led to the insider holds 20,775,125 shares of the business.
GSO Altus Holdings LP sold 7,000,000 shares of AMPS for $77,070,000 on Oct 03. The 10% Owner now owns 21,825,125 shares after completing the transaction at $11.01 per share.
As of this moment, Altus’s Price-to-Earnings (P/E) ratio for their current fiscal year is 103.28, and their Forward P/E ratio for the next fiscal year is 49.08. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.63 while its Price-to-Book (P/B) ratio in mrq is 3.13.
Stock Price History:
Over the past 52 weeks, AMPS has reached a high of $14.72, while it has fallen to a 52-week low of $4.26. The 50-Day Moving Average of the stock is 10.12, while the 200-Day Moving Average is calculated to be 8.23.
AMPS traded an average of 1.13M shares per day over the past three months and 1.29M shares per day over the past ten days. A total of 154.46M shares are outstanding, with a floating share count of 67.86M. Insiders hold about 58.04% of the company’s shares, while institutions hold 41.40% stake in the company. Shares short for AMPS as of Oct 13, 2022 were 2.98M with a Short Ratio of 2.36M, compared to 3.63M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 1.76% and a Short% of Float of 5.54%.
The firm’s stock currently is rated by 5 analysts. The consensus estimate for the next quarter is $0.03, with high estimates of $0.07 and low estimates of $0.
Analysts are recommending an EPS of between $0.66 and $0.52 for the fiscal current year, implying an average EPS of $0.61. EPS for the following year is $0.17, with 6 analysts recommending between $0.27 and $0.06.
It is expected that $90B in revenue will be generated in the current quarter, according to 4 analysts. It ranges from a high estimate of $36.97M to a low estimate of $26.1M. As of the current estimate, Altus Power Inc.’s year-ago sales were $20.14M, an estimated increase of 46.00% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $31.78M, an increase of 47.30% over than the figure of $46.00% in the same quarter last year. There is a high estimate of $33M for the next quarter, whereas the lowest estimate is $28.82M.
A total of 6 analysts have provided revenue estimates for AMPS’s current fiscal year. The highest revenue estimate was $109.75M, while the lowest revenue estimate was $101.46M, resulting in an average revenue estimate of $104.46M. In the same quarter a year ago, actual revenue was $71.8M, up 45.50% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $185.94M in the next fiscal year. The high estimate is $200.84M and the low estimate is $174.4M. The average revenue growth estimate for next year is up 78.00% from the average revenue estimate for this year.