Closing Bell Recap: Altus Power Inc (AMPS) Ends at 4.15, Reflecting a -3.26 Downturn

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Altus Power Inc (NYSE: AMPS) closed the day trading at $4.15 down -3.26% from the previous closing price of $4.29. In other words, the price has decreased by -$3.26 from its previous closing price. On the day, 0.8 million shares were traded. AMPS stock price reached its highest trading level at $4.35 during the session, while it also had its lowest trading level at $4.04.

Ratios:

For a better understanding of AMPS, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.48 and its Current Ratio is at 1.48. In the meantime, Its Debt-to-Equity ratio is 3.33 whereas as Long-Term Debt/Eq ratio is at 3.15.

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, Seaport Research Partners on June 03, 2024, initiated with a Buy rating and assigned the stock a target price of $6.50.

On April 10, 2024, Maxim Group started tracking the stock assigning a Buy rating and target price of $7.Maxim Group initiated its Buy rating on April 10, 2024, with a $7 target price.

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 663481280 and an Enterprise Value of 2087796224. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.99 while its Price-to-Book (P/B) ratio in mrq is 1.45. Its current Enterprise Value per Revenue stands at 12.544 whereas that against EBITDA is 25.989.

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 $3.40. The 50-Day Moving Average of the stock is 0.03%, while the 200-Day Moving Average is calculated to be -18.51%.

Shares Statistics:

Over the past 3-months, AMPS traded about 1.06M shares per day on average, while over the past 10 days, AMPS traded about 717900 shares per day. A total of 159.00M shares are outstanding, with a floating share count of 89.33M. Insiders hold about 44.13% of the company’s shares, while institutions hold 50.12% stake in the company. Shares short for AMPS as of 1721001600 were 7787942 with a Short Ratio of 7.35, compared to 1718323200 on 7570966. Therefore, it implies a Short% of Shares Outstanding of 7787942 and a Short% of Float of 14.580000000000002.

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