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The price of Altus Power Inc (NYSE: AMPS) closed at $4.39 in the last session, down -1.79% from day before closing price of $4.47. In other words, the price has decreased by -$1.79 from its previous closing price. On the day, 0.98 million shares were traded. AMPS stock price reached its highest trading level at $4.535 during the session, while it also had its lowest trading level at $4.36.
Ratios:
We take a closer look at AMPS’s different ratios to gain a better understanding of the stock. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 702400000 and an Enterprise Value of 2191051008. As of this moment, Altus’s Price-to-Earnings (P/E) ratio for their current fiscal year is 20.75. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.96 while its Price-to-Book (P/B) ratio in mrq is 1.36. Its current Enterprise Value per Revenue stands at 11.78 whereas that against EBITDA is 22.648.
Stock Price History:
The Beta on a monthly basis for AMPS is 1.05, which has changed by -0.27198696 over the last 52 weeks, in comparison to a change of 0.24933672 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 14.11%, while the 200-Day Moving Average is calculated to be 14.68%.
Shares Statistics:
According to the various share statistics, AMPS traded on average about 1.23M shares per day over the past 3-months and 1899790 shares per day over the past 10 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 52.92% stake in the company. Shares short for AMPS as of 1734048000 were 7904470 with a Short Ratio of 6.40, compared to 1731628800 on 8569592. Therefore, it implies a Short% of Shares Outstanding of 7904470 and a Short% of Float of 14.760000000000002.
