The price of Altair Engineering Inc (NASDAQ: ALTR) closed at $84.56 in the last session, down -0.83% from day before closing price of $85.27. In other words, the price has decreased by -$0.71 from its previous closing price. On the day, 529158 shares were traded. ALTR stock price reached its highest trading level at $86.00 during the session, while it also had its lowest trading level at $84.06.
Ratios:
We take a closer look at ALTR’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 14.73 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 58.80. For the most recent quarter (mrq), Quick Ratio is recorded 2.15 and its Current Ratio is at 2.15. In the meantime, Its Debt-to-Equity ratio is 0.48 whereas as Long-Term Debt/Eq ratio is at 0.35.
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 the company, Rosenblatt on February 23, 2024, Downgraded its rating to Neutral and sets its target price to $88 from $74 previously.
On December 22, 2023, JP Morgan started tracking the stock assigning a Overweight rating and target price of $86.
Goldman Upgraded its Sell to Neutral on May 05, 2023, whereas the target price for the stock was revised from $44 to $67.
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 Scapa James Ralph sold 10,000 shares for $91.07 per share. The transaction valued at 910,688 led to the insider holds 0 shares of the business.
JRS Investments LLC sold 5,000 shares of ALTR for $455,344 on Feb 16. The 10% Owner now owns 0 shares after completing the transaction at $91.07 per share. On Feb 16, another insider, James R. Scapa Declaration of , who serves as the 10% Owner of the company, sold 5,000 shares for $91.07 each. As a result, the insider received 455,344 and left with 0 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, ALTR now has a Market Capitalization of 6.97B and an Enterprise Value of 6.84B. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.24 while its Price-to-Book (P/B) ratio in mrq is 9.75. Its current Enterprise Value per Revenue stands at 11.17 whereas that against EBITDA is 118.28.
Stock Price History:
Over the past 52 weeks, ALTR has reached a high of $92.92, while it has fallen to a 52-week low of $57.59. The 50-Day Moving Average of the stock is 84.04, while the 200-Day Moving Average is calculated to be 72.51.
Shares Statistics:
According to the various share statistics, ALTR traded on average about 421.23K shares per day over the past 3-months and 550.93k shares per day over the past 10 days. A total of 55.24M shares are outstanding, with a floating share count of 53.83M. Insiders hold about 33.90% of the company’s shares, while institutions hold 67.74% stake in the company. Shares short for ALTR as of Jan 31, 2024 were 3.47M with a Short Ratio of 8.24, compared to 2.99M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 4.25% and a Short% of Float of 7.99%.
Earnings Estimates
The company has 9 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.34 for the current quarter, with a high estimate of $0.38 and a low estimate of $0.33, while EPS last year was $0.36. The consensus estimate for the next quarter is $0.23, with high estimates of $0.25 and low estimates of $0.19.
Analysts are recommending an EPS of between $1.35 and $1.15 for the fiscal current year, implying an average EPS of $1.26. EPS for the following year is $1.42, with 10 analysts recommending between $1.54 and $1.33.
Revenue Estimates
According to 9 analysts, the current quarter’s revenue is expected to be $169.28M. It ranges from a high estimate of $170.6M to a low estimate of $168.23M. As of the current estimate, Altair Engineering Inc’s year-ago sales were $166.03M, an estimated increase of 2.00% from the year-ago figure. For the next quarter, 9 analysts are estimating revenue of $155.07M, an increase of 11.50% over than the figure of $2.00% in the same quarter last year. There is a high estimate of $159.7M for the next quarter, whereas the lowest estimate is $150M.
A total of 10 analysts have provided revenue estimates for ALTR’s current fiscal year. The highest revenue estimate was $672.4M, while the lowest revenue estimate was $656.9M, resulting in an average revenue estimate of $667.2M. In the same quarter a year ago, actual revenue was $612.7M, up 8.90% from the average estimate. Based on 10 analysts’ estimates, the company’s revenue will be $726.12M in the next fiscal year. The high estimate is $739M and the low estimate is $714.4M. The average revenue growth estimate for next year is up 8.80% from the average revenue estimate for this year.
