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After finishing at $6.89 in the prior trading day, Alta Equipment Group Inc (NYSE: ALTG) closed at $7.12, up 3.34%. In other words, the price has increased by $3.34 from its previous closing price. On the day, 0.58 million shares were traded. ALTG stock price reached its highest trading level at $7.44 during the session, while it also had its lowest trading level at $6.75.
Ratios:
Our goal is to gain a better understanding of ALTG by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.43 and its Current Ratio is at 1.35. In the meantime, Its Debt-to-Equity ratio is 12.88 whereas as Long-Term Debt/Eq ratio is at 8.48.
On September 23, 2022, Northland Capital started tracking the stock assigning a Outperform rating and target price of $25.
B. Riley Securities reiterated its Buy rating for the stock on January 04, 2022, while the target price for the stock was revised from $21 to $22.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Oct 02 ’24 when Voss Capital, LP sold 11,311 shares for $6.31 per share. The transaction valued at 71,344 led to the insider holds 963,689 shares of the business.
STUDDERT ANDREW P bought 10,000 shares of ALTG for $56,478 on Aug 12 ’24. The Director now owns 86,591 shares after completing the transaction at $5.65 per share. On Aug 02 ’24, another insider, Mill Road Capital III, L.P., who serves as the 10% Owner of the company, bought 54,200 shares for $9.14 each. As a result, the insider paid 495,431 and bolstered with 4,063,708 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 236784848 and an Enterprise Value of 1467185024. 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 2.46. Its current Enterprise Value per Revenue stands at 0.772 whereas that against EBITDA is 9.193.
Stock Price History:
Over the past 52 weeks, ALTG has reached a high of $13.67, while it has fallen to a 52-week low of $5.40. The 50-Day Moving Average of the stock is 8.02%, while the 200-Day Moving Average is calculated to be -20.87%.
Shares Statistics:
The stock has traded on average 319.88K shares per day over the past 3-months and 557080 shares per day over the last 10 days, according to various share statistics. A total of 32.37M shares are outstanding, with a floating share count of 20.21M. Insiders hold about 39.22% of the company’s shares, while institutions hold 54.45% stake in the company. Shares short for ALTG as of 1730332800 were 2779935 with a Short Ratio of 8.69, compared to 1727654400 on 2527464. Therefore, it implies a Short% of Shares Outstanding of 2779935 and a Short% of Float of 11.9799994.
Dividends & Splits
In the trailing 12 months, ALTG’s forward annual dividend rate was 0.228, compared to 0.23 this year. Against a Trailing Annual Dividend Yield of 0.033091437
Earnings Estimates
The current market rating for Alta Equipment Group Inc (ALTG) reflects the collective analysis of 2.0 analysts closely monitoring its performance.The consensus estimate for the next quarter is -$0.35, with high estimates of -$0.35 and low estimates of -$0.35.
Analysts are recommending an EPS of between -$1.15 and -$1.18 for the fiscal current year, implying an average EPS of -$1.16. EPS for the following year is -$0.24, with 2.0 analysts recommending between -$0.12 and -$0.36.
Revenue Estimates
4 analysts predict $489.8M in revenue for the current quarter. It ranges from a high estimate of $499M to a low estimate of $476.9M. As of the current estimate, Alta Equipment Group Inc’s year-ago sales were $521.5MFor the next quarter, 4 analysts are estimating revenue of $446.46M. There is a high estimate of $450.8M for the next quarter, whereas the lowest estimate is $442.13M.
A total of 4 analysts have provided revenue estimates for ALTG’s current fiscal year. The highest revenue estimate was $1.88B, while the lowest revenue estimate was $1.86B, resulting in an average revenue estimate of $1.87B. In the same quarter a year ago, actual revenue was $1.88BBased on 5 analysts’ estimates, the company’s revenue will be $1.92B in the next fiscal year. The high estimate is $1.98B and the low estimate is $1.88B.
