Those determined to outshine the market strategically focus on the selection of individual stocks. Well-chosen stocks have the potential to substantially boost your wealth.
In the latest session, Alta Equipment Group Inc (NYSE: ALTG) closed at $4.75 down -4.04% from its previous closing price of $4.95. In other words, the price has decreased by -$4.04 from its previous closing price. On the day, 0.13 million shares were traded. ALTG stock price reached its highest trading level at $4.86 during the session, while it also had its lowest trading level at $4.73.
Ratios:
For a deeper understanding of Alta Equipment Group Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.42 and its Current Ratio is at 1.36. In the meantime, Its Debt-to-Equity ratio is 21.99 whereas as Long-Term Debt/Eq ratio is at 14.97.
On November 13, 2024, Northland Capital Downgraded its rating to Market Perform which previously was Outperform but kept the price unchanged to $20.
On September 23, 2022, Northland Capital started tracking the stock assigning a Outperform rating and target price of $25.Northland Capital initiated its Outperform rating on September 23, 2022, with a $25 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Mar 05 ’25 when Brubaker Craig sold 5,294 shares for $5.00 per share. The transaction valued at 26,471 led to the insider holds 98,640 shares of the business.
Voss Capital, LP sold 11,311 shares of ALTG for $71,344 on Oct 02 ’24. The 10% Owner now owns 963,689 shares after completing the transaction at $6.31 per share. On Aug 12 ’24, another insider, STUDDERT ANDREW P, who serves as the Director of the company, bought 10,000 shares for $5.65 each. As a result, the insider paid 56,478 and bolstered with 86,591 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, ALTG now has a Market Capitalization of 157657728 and an Enterprise Value of 1385857536. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.08 while its Price-to-Book (P/B) ratio in mrq is 2.82. Its current Enterprise Value per Revenue stands at 0.746 whereas that against EBITDA is 29.115.
Stock Price History:
The Beta on a monthly basis for ALTG is 1.49, which has changed by -0.47455752 over the last 52 weeks, in comparison to a change of 0.09362543 over the same period for the S&P500. Over the past 52 weeks, ALTG has reached a high of $11.39, while it has fallen to a 52-week low of $3.54. The 50-Day Moving Average of the stock is 0.95%, while the 200-Day Moving Average is calculated to be -23.28%.
Shares Statistics:
For the past three months, ALTG has traded an average of 231.71K shares per day and 159600 over the past ten days. A total of 33.19M shares are outstanding, with a floating share count of 20.05M. Insiders hold about 39.60% of the company’s shares, while institutions hold 53.36% stake in the company. Shares short for ALTG as of 1745971200 were 1385318 with a Short Ratio of 5.98, compared to 1743379200 on 1539912. Therefore, it implies a Short% of Shares Outstanding of 1385318 and a Short% of Float of 6.1300002.
Dividends & Splits
According to the company, the forward annual dividend rate for ALTG is 0.23, from 0.228 in the trailing year. Against a Trailing Annual Dividend Yield of 0.046060607
Earnings Estimates
A comprehensive evaluation of Alta Equipment Group Inc (ALTG) is underway, with the input of 2.0 analysts contributing to its current rating.The consensus estimate for the next quarter is -$0.2, with high estimates of -$0.17 and low estimates of -$0.23.
Analysts are recommending an EPS of between -$0.96 and -$1.17 for the fiscal current year, implying an average EPS of -$1.07. EPS for the following year is -$0.55, with 2.0 analysts recommending between -$0.26 and -$0.84.
Revenue Estimates
A total of 5 analysts believe the company’s revenue will be $478.63M this quarter.It ranges from a high estimate of $487M to a low estimate of $465.37M. As of the current estimate, Alta Equipment Group Inc’s year-ago sales were $488.1MFor the next quarter, 5 analysts are estimating revenue of $465.96M. There is a high estimate of $474.41M for the next quarter, whereas the lowest estimate is $457M.
A total of 5 analysts have provided revenue estimates for ALTG’s current fiscal year. The highest revenue estimate was $1.9B, while the lowest revenue estimate was $1.85B, resulting in an average revenue estimate of $1.87B. In the same quarter a year ago, actual revenue was $1.88BBased on 5 analysts’ estimates, the company’s revenue will be $1.93B in the next fiscal year. The high estimate is $2B and the low estimate is $1.88B.
