Altice USA Inc (NYSE: ATUS) has a price-to-earnings ratio of 20.89x that is above its average ratio. Additionally, the 36-month beta value for ATUS is 1.33. There are mixed opinions on the stock, with 8 analysts rating it as a “buy,” 2 rating it as “overweight,” 7 rating it as “hold,” and 0 rating it as “sell.”
The public float for ATUS is 202.22M and currently, short sellers hold a 12.12% ratio of that float. The average trading volume of ATUS on April 08, 2024 was 4.39M shares.
ATUS) stock’s latest price update
Altice USA Inc (NYSE: ATUS)’s stock price has dropped by -5.06 in relation to previous closing price of 2.57. Nevertheless, the company has seen a loss of -6.51% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-03 that Altice’s (ATUS) Optimum rolls out a brand platform and marketing campaign emphasizing its customer-first ethos and commitment to delivering superior connectivity.
ATUS’s Market Performance
ATUS’s stock has fallen by -6.51% in the past week, with a monthly drop of -4.31% and a quarterly drop of -17.85%. The volatility ratio for the week is 8.10% while the volatility levels for the last 30 days are 6.53% for Altice USA Inc The simple moving average for the last 20 days is -6.64% for ATUS’s stock, with a simple moving average of -12.08% for the last 200 days.
Analysts’ Opinion of ATUS
Many brokerage firms have already submitted their reports for ATUS stocks, with Wells Fargo repeating the rating for ATUS by listing it as a “Underweight.” The predicted price for ATUS in the upcoming period, according to Wells Fargo is $1 based on the research report published on April 05, 2024 of the current year 2024.
ATUS Trading at -1.25% from the 50-Day Moving Average
After a stumble in the market that brought ATUS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -36.13% of loss for the given period.
Volatility was left at 6.53%, however, over the last 30 days, the volatility rate increased by 8.10%, as shares sank -6.15% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.95% lower at present.
During the last 5 trading sessions, ATUS fell by -6.51%, which changed the moving average for the period of 200-days by -2.79% in comparison to the 20-day moving average, which settled at $2.61. In addition, Altice USA Inc saw -24.92% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for ATUS
Current profitability levels for the company are sitting at:
- 0.2 for the present operating margin
- 0.63 for the gross margin
The net margin for Altice USA Inc stands at 0.01. The total capital return value is set at 0.06.
Based on Altice USA Inc (ATUS), the company’s capital structure generated 1.02 points at debt to capital in total, while cash flow to debt ratio is standing at 0.07. The debt to equity ratio resting at -59.26. The interest coverage ratio of the stock is 1.14.
Currently, EBITDA for the company is 3.61 billion with net debt to EBITDA at 7.01. When we switch over and look at the enterprise to sales, we see a ratio of 2.84. The receivables turnover for the company is 25.8for trailing twelve months and the total asset turnover is 0.28. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.36.
Conclusion
In conclusion, Altice USA Inc (ATUS) has seen bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
