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The closing price of Altus Power Inc (NYSE: AMPS) was $3.72 for the day, down -0.53% from the previous closing price of $3.74. In other words, the price has decreased by -$0.53 from its previous closing price. On the day, 0.71 million shares were traded. AMPS stock price reached its highest trading level at $3.755 during the session, while it also had its lowest trading level at $3.6.
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.
On August 21, 2024, Morgan Stanley Downgraded its rating to Equal-Weight which previously was Overweight and also lowered its target price recommendation from $8 to $4.
On June 03, 2024, Seaport Research Partners started tracking the stock assigning a Buy rating and target price of $6.50.Seaport Research Partners initiated its Buy rating on June 03, 2024, with a $6.50 target price.
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 595200000 and an Enterprise Value of 2087051264. As of this moment, Altus’s Price-to-Earnings (P/E) ratio for their current fiscal year is 17.58. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.20 while its Price-to-Book (P/B) ratio in mrq is 1.16. Its current Enterprise Value per Revenue stands at 11.221 whereas that against EBITDA is 21.573.
Stock Price History:
The Beta on a monthly basis for AMPS is 1.02, which has changed by -0.3048327 over the last 52 weeks, in comparison to a change of 0.23883796 over the same period for the S&P500. 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 -5.82%, while the 200-Day Moving Average is calculated to be -1.33%.
Shares Statistics:
AMPS traded an average of 1.26M shares per day over the past three months and 1210650 shares per day over the past ten days. A total of 159.99M shares are outstanding, with a floating share count of 95.61M. Insiders hold about 40.24% of the company’s shares, while institutions hold 52.83% stake in the company. Shares short for AMPS as of 1735603200 were 8232443 with a Short Ratio of 6.55, compared to 1732838400 on 9217520. Therefore, it implies a Short% of Shares Outstanding of 8232443 and a Short% of Float of 15.370000000000001.
