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The price of Alta Equipment Group Inc (NYSE: ALTG) closed at $6.74 in the last session, down -2.74% from day before closing price of $6.93. In other words, the price has decreased by -$2.74 from its previous closing price. On the day, 0.7 million shares were traded. ALTG stock price reached its highest trading level at $6.977 during the session, while it also had its lowest trading level at $6.61.
Ratios:
We take a closer look at ALTG’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.47 and its Current Ratio is at 1.37. In the meantime, Its Debt-to-Equity ratio is 9.99 whereas as Long-Term Debt/Eq ratio is at 6.61.
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 this company, Northland Capital on September 23, 2022, initiated with a Outperform rating and assigned the stock a target price of $25.
On January 04, 2022, B. Riley Securities reiterated its Buy rating and also lowered its target price recommendation from $21 to $22.
Raymond James Upgraded its Mkt Perform to Outperform on May 14, 2021, whereas the target price for the stock was revised from $12.50 to $16.
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 Aug 12 ’24 when STUDDERT ANDREW P bought 10,000 shares for $5.65 per share. The transaction valued at 56,478 led to the insider holds 86,591 shares of the business.
Mill Road Capital III, L.P. bought 54,200 shares of ALTG for $495,431 on Aug 02 ’24. The 10% Owner now owns 4,063,708 shares after completing the transaction at $9.14 per share. On Aug 01 ’24, another insider, Mill Road Capital III, L.P., who serves as the 10% Owner of the company, bought 40,014 shares for $10.23 each. As a result, the insider paid 409,323 and bolstered with 4,009,508 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, ALTG now has a Market Capitalization of 223043440 and an Enterprise Value of 1480143744. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.12 while its Price-to-Book (P/B) ratio in mrq is 1.77. Its current Enterprise Value per Revenue stands at 0.772 whereas that against EBITDA is 8.965.
Stock Price History:
Over the past 52 weeks, ALTG has reached a high of $14.67, while it has fallen to a 52-week low of $5.40. The 50-Day Moving Average of the stock is -18.98%, while the 200-Day Moving Average is calculated to be -34.53%.
Shares Statistics:
According to the various share statistics, ALTG traded on average about 452.79K shares per day over the past 3-months and 413490 shares per day over the past 10 days. A total of 32.37M shares are outstanding, with a floating share count of 20.16M. Insiders hold about 39.08% of the company’s shares, while institutions hold 60.39% stake in the company. Shares short for ALTG as of 1723680000 were 2484861 with a Short Ratio of 5.49, compared to 1721001600 on 2201121. Therefore, it implies a Short% of Shares Outstanding of 2484861 and a Short% of Float of 10.71.
Dividends & Splits
The forward annual dividend rate for ALTG is 0.23, which was 0.228 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.032900434
