Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
As of close of business last night, Altus Power Inc’s stock clocked out at $3.62, down -4.23% from its previous closing price of $3.78. In other words, the price has decreased by $-4.23 from its previous closing price. On the day, 1.1 million shares were traded. AMPS stock price reached its highest trading level at $3.83 during the session, while it also had its lowest trading level at $3.61.
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 2.15 and its Current Ratio is at 2.15. In the meantime, Its Debt-to-Equity ratio is 3.11 whereas as Long-Term Debt/Eq ratio is at 3.01.
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, Maxim Group on April 10, 2024, initiated with a Buy rating and assigned the stock a target price of $7.
On November 30, 2023, Northland Capital started tracking the stock assigning a Outperform rating and target price of $10.
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 Mar 28 ’24 when Felton Gregg J bought 12,500 shares for $4.78 per share. The transaction valued at 59,750 led to the insider holds 11,894,603 shares of the business.
NORELL LARS sold 40,000 shares of AMPS for $274,520 on Mar 01 ’24. The CO-FOUNDER CO-CEO CO-PRESIDENT now owns 21,614,907 shares after completing the transaction at $6.86 per share. On Feb 16 ’24, another insider, Savino Anthony, who serves as the COFOUNDER,CHIEF CONST. OFFICER of the company, sold 4,598 shares for $7.15 each. As a result, the insider received 32,876 and left with 3,887,663 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 578747520 and an Enterprise Value of 1883469824. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.73 while its Price-to-Book (P/B) ratio in mrq is 1.29. Its current Enterprise Value per Revenue stands at 12.139 whereas that against EBITDA is 24.12.
Stock Price History:
The Beta on a monthly basis for AMPS is 0.98, which has changed by -0.2215054 over the last 52 weeks, in comparison to a change of 0.23061275 over the same period for the S&P500. Over the past 52 weeks, AMPS has reached a high of $7.28, while it has fallen to a 52-week low of $3.66. The 50-Day Moving Average of the stock is -34.84%, while the 200-Day Moving Average is calculated to be -36.72%.
Shares Statistics:
It appears that AMPS traded 1.13M shares on average per day over the past three months and 1255690 shares per day over the past ten days. A total of 159.00M shares are outstanding, with a floating share count of 77.17M. Insiders hold about 51.73% of the company’s shares, while institutions hold 46.86% stake in the company. Shares short for AMPS as of 1711584000 were 8255546 with a Short Ratio of 7.33, compared to 1709164800 on 7901041. Therefore, it implies a Short% of Shares Outstanding of 8255546 and a Short% of Float of 13.04.
Earnings Estimates
The dynamic stock of Altus Power Inc (AMPS) is currently attracting attention from 6 analysts actively involved in rating its market status.On average, analysts expect EPS of $-0.06 for the current quarter, with a high estimate of $-0.01 and a low estimate of $-0.13, while EPS last year was $0.03. The consensus estimate for the next quarter is $0.01, with high estimates of $0.06 and low estimates of $-0.03.
Analysts are recommending an EPS of between $0.15 and $-0.21 for the fiscal current year, implying an average EPS of $-0.06. EPS for the following year is $0.2, with 6 analysts recommending between $0.55 and $-0.12.
Revenue Estimates
In the current quarter, 6 analysts expect revenue to total $43.08M. It ranges from a high estimate of $45.28M to a low estimate of $40.7M. As of the current estimate, Altus Power Inc’s year-ago sales were $29.38M, an estimated increase of 46.60% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $58.22M, an increase of 25.20% less than the figure of $46.60% in the same quarter last year. There is a high estimate of $63.89M for the next quarter, whereas the lowest estimate is $54.3M.
A total of 7 analysts have provided revenue estimates for AMPS’s current fiscal year. The highest revenue estimate was $220.27M, while the lowest revenue estimate was $205.4M, resulting in an average revenue estimate of $214.62M. In the same quarter a year ago, actual revenue was $155.16M, up 38.30% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $297.04M in the next fiscal year. The high estimate is $339.41M and the low estimate is $267.03M. The average revenue growth estimate for next year is up 38.40% from the average revenue estimate for this year.
