The price-to-earnings ratio for Altice USA Inc (NYSE: ATUS) is above average at 16.91x, Company’s 36-month beta value is 1.37.Analysts have differing opinions on the stock, with 8 analysts rating it as a “buy,” 2 as “overweight,” 7 as “hold,” and 0 as “sell.”
The public float for ATUS is 202.22M, and currently, short sellers hold a 11.75% ratio of that floaft. The average trading volume of ATUS on April 16, 2024 was 4.24M shares.
ATUS) stock’s latest price update
Altice USA Inc (NYSE: ATUS) has seen a decline in its stock price by -3.66 in relation to its previous close of 2.05. However, the company has experienced a -18.72% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-16 that ATUS, CMBM and ARW have been added to the Zacks Rank #5 (Strong Sell) List on April 16, 2024.
ATUS’s Market Performance
ATUS’s stock has fallen by -18.72% in the past week, with a monthly drop of -26.03% and a quarterly drop of -20.68%. The volatility ratio for the week is 7.07% while the volatility levels for the last 30 days are 6.71% for Altice USA Inc The simple moving average for the last 20 days is -20.65% for ATUS stock, with a simple moving average of -28.73% for the last 200 days.
Analysts’ Opinion of ATUS
Exane BNP Paribas, on the other hand, stated in their research note that they expect to see ATUS reach a price target of $1. The rating they have provided for ATUS stocks is “Underperform” according to the report published on April 09th, 2024.
Wells Fargo gave a rating of “Underweight” to ATUS, setting the target price at $1 in the report published on April 05th of the current year.
ATUS Trading at -18.72% 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 -48.30% of loss for the given period.
Volatility was left at 6.71%, however, over the last 30 days, the volatility rate increased by 7.07%, as shares sank -23.06% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.77% lower at present.
During the last 5 trading sessions, ATUS fell by -18.31%, which changed the moving average for the period of 200-days by -32.48% in comparison to the 20-day moving average, which settled at $2.46. In addition, Altice USA Inc saw -39.23% 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 2.81. 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 a nutshell, Altice USA Inc (ATUS) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
