Altice USA Inc (NYSE: ATUS) closed the day trading at $2.62 down -2.24% from the previous closing price of $2.68. In other words, the price has decreased by -$2.24 from its previous closing price. On the day, 2.79 million shares were traded. ATUS stock price reached its highest trading level at $2.665 during the session, while it also had its lowest trading level at $2.57.
On August 02, 2024, UBS Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $4 to $2.
On July 01, 2024, Goldman started tracking the stock assigning a Sell rating and target price of $2.Goldman initiated its Sell rating on July 01, 2024, with a $2 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 Dec 24 ’24 when Next Alt S.a.r.l. sold 805,230 shares for $24.50 per share. The transaction valued at 19,728,135 led to the insider holds 5,846,652 shares of the business.
Next Alt S.a.r.l. sold 805,230 shares of ATUS for $19,728,135 on Dec 23 ’24. The Director now owns 6,651,882 shares after completing the transaction at $24.50 per share. On Dec 20 ’24, another insider, Next Alt S.a.r.l., who serves as the Director of the company, sold 805,230 shares for $24.50 each. As a result, the insider received 19,728,135 and left with 7,457,112 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, ATUS now has a Market Capitalization of 1253504896 and an Enterprise Value of 26525435904. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.14. Its current Enterprise Value per Revenue stands at 2.995 whereas that against EBITDA is 8.048.
Stock Price History:
The Beta on a monthly basis for ATUS is 1.57, which has changed by 0.24170613 over the last 52 weeks, in comparison to a change of 0.17535925 over the same period for the S&P500. Over the past 52 weeks, ATUS has reached a high of $3.20, while it has fallen to a 52-week low of $1.52. The 50-Day Moving Average of the stock is 10.67%, while the 200-Day Moving Average is calculated to be 3.86%.
Shares Statistics:
Over the past 3-months, ATUS traded about 4.78M shares per day on average, while over the past 10 days, ATUS traded about 5329640 shares per day. A total of 283.50M shares are outstanding, with a floating share count of 232.11M. Insiders hold about 50.37% of the company’s shares, while institutions hold 56.94% stake in the company. Shares short for ATUS as of 1752537600 were 35393153 with a Short Ratio of 7.40, compared to 1749772800 on 23802514. Therefore, it implies a Short% of Shares Outstanding of 35393153 and a Short% of Float of 46.45.
