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After finishing at $103.99 in the prior trading day, Altair Engineering Inc (NASDAQ: ALTR) closed at $104.52, up 0.51%. In other words, the price has increased by $0.51 from its previous closing price. On the day, 3.15 million shares were traded. ALTR stock price reached its highest trading level at $104.71 during the session, while it also had its lowest trading level at $103.89.
Ratios:
Our goal is to gain a better understanding of ALTR by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 17.34 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 70.57. For the most recent quarter (mrq), Quick Ratio is recorded 3.25 and its Current Ratio is at 3.25. In the meantime, Its Debt-to-Equity ratio is 0.31 whereas as Long-Term Debt/Eq ratio is at 0.30.
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 the company, Goldman on August 02, 2024, Downgraded its rating to Sell and sets its target price to $71 from $85 previously.
On July 15, 2024, JP Morgan Downgraded its rating to Neutral which previously was Overweight but kept the price unchanged to $95.
Rosenblatt Downgraded its Buy to Neutral on February 23, 2024, whereas the target price for the stock was revised from $74 to $88.
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 Nov 05 ’24 when Marraccini Jeffrey bought 1,824 shares for $104.10 per share.
TERESA A. HARRIS bought 620 shares of ALTR for $64,542 on Nov 05 ’24. On Oct 28 ’24, another insider, Scapa James Ralph, who serves as the Chief Executive Officer of the company, sold 13,000 shares for $102.59 each. As a result, the insider received 1,333,696 and left with 0 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, ALTR now has a Market Capitalization of 8903420928 and an Enterprise Value of 8638823424. As of this moment, Altair’s Price-to-Earnings (P/E) ratio for their current fiscal year is 278.20, and their Forward P/E ratio for the next fiscal year is 73.54. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 23.18. For the stock, the TTM Price-to-Sale (P/S) ratio is 13.81 while its Price-to-Book (P/B) ratio in mrq is 10.61. Its current Enterprise Value per Revenue stands at 13.401 whereas that against EBITDA is 120.513.
Stock Price History:
Over the past 52 weeks, ALTR has reached a high of $113.12, while it has fallen to a 52-week low of $65.25. The 50-Day Moving Average of the stock is 10.19%, while the 200-Day Moving Average is calculated to be 16.41%.
Shares Statistics:
The stock has traded on average 573.95K shares per day over the past 3-months and 1838790 shares per day over the last 10 days, according to various share statistics. A total of 85.18M shares are outstanding, with a floating share count of 58.65M. Insiders hold about 31.15% of the company’s shares, while institutions hold 70.96% stake in the company. Shares short for ALTR as of 1728950400 were 4546322 with a Short Ratio of 7.92, compared to 1726185600 on 4830388. Therefore, it implies a Short% of Shares Outstanding of 4546322 and a Short% of Float of 11.3000005.
