After finishing at $4.62 in the prior trading day, Altus Power Inc (NYSE: AMPS) closed at $4.81, up 4.11%. In other words, the price has increased by $+0.1900 from its previous closing price. On the day, 577493 shares were traded.
Ratios:
Our goal is to gain a better understanding of AMPS by taking a closer look at its different ratios. 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 3.11 whereas as Long-Term Debt/Eq ratio is at 3.01.
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:
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 Mar 28 ’24 when Felton Gregg J bought 12,500 shares for $4.78 per share. The transaction valued at 59,750 led to the insider holds 11,894,603 shares of the business.
NORELL LARS sold 40,000 shares of AMPS for $274,520 on Mar 01 ’24. The CO-FOUNDER CO-CEO CO-PRESIDENT now owns 21,614,907 shares after completing the transaction at $6.86 per share. On Feb 16 ’24, another insider, Savino Anthony, who serves as the COFOUNDER,CHIEF CONST. OFFICER of the company, sold 4,598 shares for $7.15 each. As a result, the insider received 32,876 and left with 3,887,663 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 770.99M and an Enterprise Value of 2.00B. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.93 while its Price-to-Book (P/B) ratio in mrq is 1.71. Its current Enterprise Value per Revenue stands at 12.89 whereas that against EBITDA is 26.87.
Stock Price History:
Over the past 52 weeks, AMPS has reached a high of $7.28, while it has fallen to a 52-week low of $4.08. The 50-Day Moving Average of the stock is 5.8092, while the 200-Day Moving Average is calculated to be 5.7783.
Shares Statistics:
The stock has traded on average 1.09M shares per day over the past 3-months and 866.01k shares per day over the last 10 days, according to various share statistics. A total of 159.00M shares are outstanding, with a floating share count of 77.99M. Insiders hold about 50.97% of the company’s shares, while institutions hold 47.08% stake in the company. Shares short for AMPS as of Mar 15, 2024 were 7.61M with a Short Ratio of 6.97, compared to 7.36M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.78% and a Short% of Float of 12.01%.
Earnings Estimates
Its stock is currently analyzed by 4 different market analysts. On average, analysts expect EPS of -$0.04 for the current quarter, with a high estimate of -$0.01 and a low estimate of -$0.09, while EPS last year was $0.03. The consensus estimate for the next quarter is $0.03, with high estimates of $0.06 and low estimates of -$0.03.
Analysts are recommending an EPS of between $0.15 and -$0.17 for the fiscal current year, implying an average EPS of -$0.03. EPS for the following year is $0.21, with 4 analysts recommending between $0.55 and -$0.12.
Revenue Estimates
5 analysts predict $44.36M in revenue for the current quarter. It ranges from a high estimate of $46.8M to a low estimate of $40.7M. As of the current estimate, Altus Power Inc’s year-ago sales were $29.38M, an estimated increase of 51.00% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $58.91M, an increase of 26.70% less than the figure of $51.00% in the same quarter last year. There is a high estimate of $63.89M for the next quarter, whereas the lowest estimate is $55.6M.
A total of 5 analysts have provided revenue estimates for AMPS’s current fiscal year. The highest revenue estimate was $220.27M, while the lowest revenue estimate was $210M, resulting in an average revenue estimate of $215.28M. In the same quarter a year ago, actual revenue was $155.16M, up 38.70% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $299.45M in the next fiscal year. The high estimate is $339.41M and the low estimate is $259.16M. The average revenue growth estimate for next year is up 39.10% from the average revenue estimate for this year.
