In the quest to outshine the broader market, stock pickers diligently seek out stocks with the potential for superior performance. Making the right choices can significantly elevate your wealth.
In the latest session, Alta Equipment Group Inc (NYSE: ALTG) closed at $9.81 down -15.36% from its previous closing price of $11.59. In other words, the price has decreased by -$15.36 from its previous closing price. On the day, 1.68 million shares were traded. ALTG stock price reached its highest trading level at $10.92 during the session, while it also had its lowest trading level at $9.05.
Ratios:
For a deeper understanding of Alta Equipment Group Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.43 and its Current Ratio is at 1.30. In the meantime, Its Debt-to-Equity ratio is 8.74 whereas as Long-Term Debt/Eq ratio is at 5.65.
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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Feb 29 ’24 when Greenawalt Ryan sold 34,951 shares for $11.36 per share. The transaction valued at 397,008 led to the insider holds 5,842,625 shares of the business.
Colucci Anthony sold 17,222 shares of ALTG for $197,168 on Feb 29 ’24. The Chief Financial Officer now owns 156,609 shares after completing the transaction at $11.45 per share. On Feb 29 ’24, another insider, Brubaker Craig, who serves as the Chief Operating Officer of the company, sold 7,405 shares for $11.77 each. As a result, the insider received 87,182 and left with 95,077 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 325154432 and an Enterprise Value of 1571614080. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.17 while its Price-to-Book (P/B) ratio in mrq is 2.35. Its current Enterprise Value per Revenue stands at 0.828 whereas that against EBITDA is 9.383.
Stock Price History:
The Beta on a monthly basis for ALTG is 1.73, which has changed by -0.18951046 over the last 52 weeks, in comparison to a change of 0.25590587 over the same period for the S&P500. Over the past 52 weeks, ALTG has reached a high of $17.98, while it has fallen to a 52-week low of $8.76. The 50-Day Moving Average of the stock is -17.39%, while the 200-Day Moving Average is calculated to be -18.50%.
Shares Statistics:
For the past three months, ALTG has traded an average of 264.79K shares per day and 226690 over the past ten days. A total of 32.37M shares are outstanding, with a floating share count of 22.90M. Insiders hold about 30.92% of the company’s shares, while institutions hold 55.84% stake in the company. Shares short for ALTG as of 1713139200 were 1672087 with a Short Ratio of 6.31, compared to 1710460800 on 1843138. Therefore, it implies a Short% of Shares Outstanding of 1672087 and a Short% of Float of 7.19.
Dividends & Splits
According to the company, the forward annual dividend rate for ALTG is 0.23, from 0.171 in the trailing year. Against a Trailing Annual Dividend Yield of 0.014754099
Earnings Estimates
As of right now, 3.0 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of -$0.2 for the current quarter, with a high estimate of -$0.1 and a low estimate of -$0.35, while EPS last year was $0.01. The consensus estimate for the next quarter is $0.16, with high estimates of $0.25 and low estimates of $0.03.
Analysts are recommending an EPS of between $0.35 and -$0.11 for the fiscal current year, implying an average EPS of $0.06. EPS for the following year is $0.61, with 4.0 analysts recommending between $0.9 and $0.21.
Revenue Estimates
A total of 4 analysts believe the company’s revenue will be $420.4M this quarter.It ranges from a high estimate of $439.59M to a low estimate of $402.8M. As of the current estimate, Alta Equipment Group Inc’s year-ago sales were $420.7MFor the next quarter, 4 analysts are estimating revenue of $506.57M. There is a high estimate of $520M for the next quarter, whereas the lowest estimate is $494.09M.
A total of 4 analysts have provided revenue estimates for ALTG’s current fiscal year. The highest revenue estimate was $2B, while the lowest revenue estimate was $1.93B, resulting in an average revenue estimate of $1.97B. In the same quarter a year ago, actual revenue was $1.88BBased on 4 analysts’ estimates, the company’s revenue will be $2.08B in the next fiscal year. The high estimate is $2.11B and the low estimate is $2.04B.
