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The closing price of Altus Power Inc (NYSE: AMPS) was $4.04 for the day, down -6.48% from the previous closing price of $4.32. In other words, the price has decreased by -$6.48 from its previous closing price. On the day, 0.86 million shares were traded. AMPS stock price reached its highest trading level at $4.3028 during the session, while it also had its lowest trading level at $4.03.
Ratios:
Our analysis of AMPS’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.60 and its Current Ratio is at 0.60. In the meantime, Its Debt-to-Equity ratio is 2.95 whereas as Long-Term Debt/Eq ratio is at 2.66.
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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 646400000 and an Enterprise Value of 2135051136. As of this moment, Altus’s Price-to-Earnings (P/E) ratio for their current fiscal year is 19.09. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.44 while its Price-to-Book (P/B) ratio in mrq is 1.26. Its current Enterprise Value per Revenue stands at 11.479 whereas that against EBITDA is 22.069.
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 15.16%, while the 200-Day Moving Average is calculated to be -1.20%.
Shares Statistics:
AMPS traded an average of 1.06M shares per day over the past three months and 748270 shares per day over the past ten days. A total of 159.99M shares are outstanding, with a floating share count of 91.56M. Insiders hold about 42.77% of the company’s shares, while institutions hold 52.84% stake in the company. Shares short for AMPS as of 1731628800 were 8569592 with a Short Ratio of 8.11, compared to 1728950400 on 9601157. Therefore, it implies a Short% of Shares Outstanding of 8569592 and a Short% of Float of 16.0.
