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After finishing at $3.61 in the prior trading day, Altus Power Inc (NYSE: AMPS) closed at $3.48, down -3.60%. In other words, the price has decreased by -$3.60 from its previous closing price. On the day, 0.85 million shares were traded. AMPS stock price reached its highest trading level at $3.59 during the session, while it also had its lowest trading level at $3.4014.
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 0.91 and its Current Ratio is at 0.91. In the meantime, Its Debt-to-Equity ratio is 2.95 whereas as Long-Term Debt/Eq ratio is at 2.79.
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, Morgan Stanley on August 21, 2024, Downgraded its rating to Equal-Weight and sets its target price to $4 from $8 previously.
On June 03, 2024, Seaport Research Partners started tracking the stock assigning a Buy rating and target price of $6.50.
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 Jun 07 ’24 when Felton Gregg J bought 34,139 shares for $3.99 per share. The transaction valued at 136,215 led to the insider holds 12,044,603 shares of the business.
Felton Gregg J bought 25,000 shares of AMPS for $99,750 on Jun 04 ’24. The CO-FOUNDER, CEO & PRESIDENT now owns 12,010,464 shares after completing the transaction at $3.99 per share. On Jun 03 ’24, another insider, Felton Gregg J, who serves as the CO-FOUNDER, CEO & PRESIDENT of the company, bought 8,285 shares for $4.03 each. As a result, the insider paid 33,389 and bolstered with 11,985,464 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 556765184 and an Enterprise Value of 2018059520. As of this moment, Altus’s Price-to-Earnings (P/E) ratio for their current fiscal year is 25.24. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.23 while its Price-to-Book (P/B) ratio in mrq is 1.14. Its current Enterprise Value per Revenue stands at 11.706 whereas that against EBITDA is 22.593.
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 $2.71. The 50-Day Moving Average of the stock is 9.45%, while the 200-Day Moving Average is calculated to be -20.79%.
Shares Statistics:
The stock has traded on average 1.01M shares per day over the past 3-months and 1251880 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 91.55M. Insiders hold about 42.77% of the company’s shares, while institutions hold 49.46% stake in the company. Shares short for AMPS as of 1727654400 were 8898703 with a Short Ratio of 8.82, compared to 1724976000 on 8047517. Therefore, it implies a Short% of Shares Outstanding of 8898703 and a Short% of Float of 16.620001000000002.
