Market Watch Highlights: Altus Power Inc (AMPS) Ends on an Upturn Note at 4.26

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As of close of business last night, Altus Power Inc’s stock clocked out at $4.26, up 4.67% from its previous closing price of $4.07. In other words, the price has increased by $4.67 from its previous closing price. On the day, 1.03 million shares were traded. AMPS stock price reached its highest trading level at $4.35 during the session, while it also had its lowest trading level at $4.08.

Ratios:

To gain a deeper understanding of AMPS’s stock, we examine its different ratios. 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:

Investing in insider trades can also provide an investor with insight into how management views future 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 681600064 and an Enterprise Value of 2170251008. As of this moment, Altus’s Price-to-Earnings (P/E) ratio for their current fiscal year is 20.13. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.66 while its Price-to-Book (P/B) ratio in mrq is 1.32. Its current Enterprise Value per Revenue stands at 11.669 whereas that against EBITDA is 22.433.

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 11.87%, while the 200-Day Moving Average is calculated to be 11.25%.

Shares Statistics:

It appears that AMPS traded 1.21M shares on average per day over the past three months and 1921300 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 52.88% stake in the company. Shares short for AMPS as of 1734048000 were 7904470 with a Short Ratio of 6.54, compared to 1731628800 on 8569592. Therefore, it implies a Short% of Shares Outstanding of 7904470 and a Short% of Float of 14.760000000000002.

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