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Altus Power Inc (NYSE: AMPS) closed the day trading at $3.05 down -0.33% from the previous closing price of $3.06. In other words, the price has decreased by -$0.33 from its previous closing price. On the day, 0.89 million shares were traded. AMPS stock price reached its highest trading level at $3.128 during the session, while it also had its lowest trading level at $3.005.
Ratios:
For a better understanding of AMPS, let’s 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 489567680 and an Enterprise Value of 1928465152. As of this moment, Altus’s Price-to-Earnings (P/E) ratio for their current fiscal year is 22.12, and their Forward P/E ratio for the next fiscal year is 284.51. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.83 while its Price-to-Book (P/B) ratio in mrq is 0.99. Its current Enterprise Value per Revenue stands at 11.187 whereas that against EBITDA is 22.135.
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 $2.80. The 50-Day Moving Average of the stock is -21.38%, while the 200-Day Moving Average is calculated to be -37.84%.
Shares Statistics:
Over the past 3-months, AMPS traded about 973.28K shares per day on average, while over the past 10 days, AMPS traded about 1210230 shares per day. A total of 159.00M shares are outstanding, with a floating share count of 91.51M. Insiders hold about 42.81% of the company’s shares, while institutions hold 49.90% stake in the company. Shares short for AMPS as of 1722384000 were 8400531 with a Short Ratio of 8.63, compared to 1719532800 on 7318059. Therefore, it implies a Short% of Shares Outstanding of 8400531 and a Short% of Float of 15.689998999999998.
Earnings Estimates
The current rating of Altus Power Inc (AMPS) reflects the combined expertise of 7.0 analysts actively engaged in assessing its market performance.The consensus estimate for the next quarter is -$0.03, with high estimates of $0.04 and low estimates of -$0.07.
Analysts are recommending an EPS of between $0.39 and $0.19 for the fiscal current year, implying an average EPS of $0.28. EPS for the following year is $0.01, with 7.0 analysts recommending between $0.26 and -$0.08.
Revenue Estimates
6 analysts predict $58.01M in revenue for the current quarter. It ranges from a high estimate of $62.34M to a low estimate of $54M. As of the current estimate, Altus Power Inc’s year-ago sales were $45.08MFor the next quarter, 6 analysts are estimating revenue of $46.86M. There is a high estimate of $50M for the next quarter, whereas the lowest estimate is $43.89M.
A total of 7 analysts have provided revenue estimates for AMPS’s current fiscal year. The highest revenue estimate was $199.34M, while the lowest revenue estimate was $197M, resulting in an average revenue estimate of $198.29M. In the same quarter a year ago, actual revenue was $155.16MBased on 7 analysts’ estimates, the company’s revenue will be $234.4M in the next fiscal year. The high estimate is $245.8M and the low estimate is $219.59M.
