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Optimum Communications Inc (NYSE: ATUS) closed the day trading at $1.97 up 2.60% from the previous closing price of $1.92. In other words, the price has increased by $2.60 from its previous closing price. On the day, 2.06 million shares were traded. ATUS stock price reached its highest trading level at $1.99 during the session, while it also had its lowest trading level at $1.9.
On February 18, 2025, Raymond James Upgraded its rating to Outperform which previously was Mkt Perform but kept the price unchanged to $3.50.
UBS Downgraded its Buy to Neutral on August 02, 2024, whereas the target price for the stock was revised from $4 to $2.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 24 ’24 when Next Alt S.a.r.l. sold 805,230 shares for $24.50 per share. The transaction valued at 19,728,135 led to the insider holds 5,846,652 shares of the business.
Next Alt S.a.r.l. sold 805,230 shares of ATUS for $19,728,135 on Dec 23 ’24. The Director now owns 6,651,882 shares after completing the transaction at $24.50 per share. On Dec 20 ’24, another insider, Next Alt S.a.r.l., who serves as the Director of the company, sold 805,230 shares for $24.50 each. As a result, the insider received 19,728,135 and left with 7,457,112 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, ATUS now has a Market Capitalization of 925135936 and an Enterprise Value of 26483767296. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.11. Its current Enterprise Value per Revenue stands at 3.064 whereas that against EBITDA is 8.269.
Stock Price History:
The Beta on a monthly basis for ATUS is 1.53, which has changed by -0.28089887 over the last 52 weeks, in comparison to a change of 0.14151978 over the same period for the S&P500. Over the past 52 weeks, ATUS has reached a high of $3.20, while it has fallen to a 52-week low of $1.88. The 50-Day Moving Average of the stock is -16.49%, while the 200-Day Moving Average is calculated to be -19.77%.
Shares Statistics:
Over the past 3-months, ATUS traded about 3.68M shares per day on average, while over the past 10 days, ATUS traded about 4601160 shares per day. A total of 285.39M shares are outstanding, with a floating share count of 233.27M. Insiders hold about 50.23% of the company’s shares, while institutions hold 61.46% stake in the company. Shares short for ATUS as of 1761868800 were 32244176 with a Short Ratio of 8.48, compared to 1759190400 on 32391559. Therefore, it implies a Short% of Shares Outstanding of 32244176 and a Short% of Float of 41.3.
Earnings Estimates
The dynamic stock of Optimum Communications Inc (ATUS) is currently being evaluated by a team of 6.0 analysts, each contributing to its current rating.The consensus estimate for the next quarter is -$0.04, with high estimates of -$0.01 and low estimates of -$0.07.
Analysts are recommending an EPS of between -$0.26 and -$3.87 for the fiscal current year, implying an average EPS of -$2.35. EPS for the following year is -$0.14, with 12.0 analysts recommending between $0.37 and -$0.5.
Revenue Estimates
11 analysts predict $2.13B in revenue for. The current quarter. It ranges from a high estimate of $2.16B to a low estimate of $2.09B. As of. The current estimate, Optimum Communications Inc’s year-ago sales were $2.24BFor the next quarter, 11 analysts are estimating revenue of $2.09B. There is a high estimate of $2.12B for the next quarter, whereas the lowest estimate is $2.06B.
A total of 15 analysts have provided revenue estimates for ATUS’s current fiscal year. The highest revenue estimate was $8.64B, while the lowest revenue estimate was $8.5B, resulting in an average revenue estimate of $8.56B. In the same quarter a year ago, actual revenue was $8.95BBased on 15 analysts’ estimates, the company’s revenue will be $8.31B in the next fiscal year. The high estimate is $8.5B and the low estimate is $8.16B.
