The closing price of Altus Power Inc (NYSE: AMPS) was $6.53 for the day, down -1.95% from the previous closing price of $6.66. In other words, the price has decreased by -$0.13 from its previous closing price. On the day, 737731 shares were traded. AMPS stock price reached its highest trading level at $6.84 during the session, while it also had its lowest trading level at $6.45.
Ratios:
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 1.02 and its Current Ratio is at 1.02. In the meantime, Its Debt-to-Equity ratio is 2.37 whereas as Long-Term Debt/Eq ratio is at 2.29.
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 this company, Northland Capital on November 30, 2023, initiated with a Outperform rating and assigned the stock a target price of $10.
Morgan Stanley Upgraded its Equal-Weight to Overweight on January 10, 2023, while the target price for the stock was maintained at $12.
Insider Transactions:
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 Mar 01 ’24 when NORELL LARS sold 40,000 shares for $6.86 per share. The transaction valued at 274,520 led to the insider holds 21,614,907 shares of the business.
Savino Anthony sold 4,598 shares of AMPS for $32,876 on Feb 16 ’24. The COFOUNDER,CHIEF CONST. OFFICER now owns 3,887,663 shares after completing the transaction at $7.15 per share. On Feb 16 ’24, another insider, Weber Dustin, who serves as the CHIEF FINANCIAL OFFICER of the company, sold 4,350 shares for $7.15 each. As a result, the insider received 31,102 and left with 1,884,926 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, AMPS now has a Market Capitalization of 1.05B and an Enterprise Value of 2.08B. As of this moment, Altus’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.17, and their Forward P/E ratio for the next fiscal year is 116.25. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.03 while its Price-to-Book (P/B) ratio in mrq is 2.23. Its current Enterprise Value per Revenue stands at 14.09 whereas that against EBITDA is 12.77.
Stock Price History:
Over the past 52 weeks, AMPS has reached a high of $7.41, while it has fallen to a 52-week low of $4.08. The 50-Day Moving Average of the stock is 6.26, while the 200-Day Moving Average is calculated to be 5.77.
Shares Statistics:
AMPS traded an average of 1.03M shares per day over the past three months and 778.85k shares per day over the past ten days. A total of 158.90M shares are outstanding, with a floating share count of 77.94M. Insiders hold about 50.98% of the company’s shares, while institutions hold 47.05% stake in the company. Shares short for AMPS as of Feb 15, 2024 were 7.36M with a Short Ratio of 7.16, compared to 7.19M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.63% and a Short% of Float of 11.64%.
Earnings Estimates
The firm’s stock currently is rated by 6 analysts. On average, analysts expect EPS of -$0.01 for the current quarter, with a high estimate of $0.03 and a low estimate of -$0.04, while EPS last year was $0.42. The consensus estimate for the next quarter is -$0.05, with high estimates of -$0.01 and low estimates of -$0.07.
Analysts are recommending an EPS of between $0.15 and $0.06 for the fiscal current year, implying an average EPS of $0.1. EPS for the following year is $0.01, with 5 analysts recommending between $0.14 and -$0.09.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 6 analysts. It ranges from a high estimate of $46M to a low estimate of $40.81M. As of the current estimate, Altus Power Inc’s year-ago sales were $26.76M, an estimated increase of 64.10% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $42.99M, an increase of 46.30% less than the figure of $64.10% in the same quarter last year. There is a high estimate of $46.29M for the next quarter, whereas the lowest estimate is $40.93M.
A total of 7 analysts have provided revenue estimates for AMPS’s current fiscal year. The highest revenue estimate was $167M, while the lowest revenue estimate was $161.78M, resulting in an average revenue estimate of $164.49M. In the same quarter a year ago, actual revenue was $101.16M, up 62.60% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $224.88M in the next fiscal year. The high estimate is $240.9M and the low estimate is $203.32M. The average revenue growth estimate for next year is up 36.70% from the average revenue estimate for this year.
