Company’s 36-month beta value is 0.94.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for AMPS is 76.89M, and currently, short sellers hold a 10.74% ratio of that floaft. The average trading volume of AMPS on April 17, 2024 was 1.11M shares.
AMPS) stock’s latest price update
The stock of Altus Power Inc (NYSE: AMPS) has decreased by -5.82 when compared to last closing price of 3.95. Despite this, the company has experienced a -22.50% fall in its stock price over the last five trading sessions. Business Wire reported 2024-04-15 that STAMFORD, Conn.–(BUSINESS WIRE)–Altus Power, Inc. (NYSE: AMPS), the largest commercial-scale provider of clean electric power, today announced that it will report financial results for the first quarter of 2024 after the closing of the New York Stock Exchange on Thursday, May 9, 2024. The earnings release will be followed by a conference call for investors at 4:30 PM Eastern Time. The call will feature prepared remarks from Gregg Felton, Co-Chief Executive Officer and Dustin Weber, Chief Fina.
AMPS’s Market Performance
Altus Power Inc (AMPS) has experienced a -22.50% fall in stock performance for the past week, with a -18.60% drop in the past month, and a -32.85% drop in the past quarter. The volatility ratio for the week is 7.41%, and the volatility levels for the past 30 days are at 5.97% for AMPS. The simple moving average for the last 20 days is -19.56% for AMPS stock, with a simple moving average of -35.35% for the last 200 days.
Analysts’ Opinion of AMPS
Many brokerage firms have already submitted their reports for AMPS stocks, with Maxim Group repeating the rating for AMPS by listing it as a “Buy.” The predicted price for AMPS in the upcoming period, according to Maxim Group is $7 based on the research report published on April 10, 2024 of the current year 2024.
Northland Capital, on the other hand, stated in their research note that they expect to see AMPS reach a price target of $10. The rating they have provided for AMPS stocks is “Outperform” according to the report published on November 30th, 2023.
Morgan Stanley gave a rating of “Overweight” to AMPS, setting the target price at $9 in the report published on April 03rd of the previous year.
AMPS Trading at -34.72% from the 50-Day Moving Average
After a stumble in the market that brought AMPS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -48.90% of loss for the given period.
Volatility was left at 5.97%, however, over the last 30 days, the volatility rate increased by 7.41%, as shares sank -21.19% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -32.49% lower at present.
During the last 5 trading sessions, AMPS fell by -22.50%, which changed the moving average for the period of 200-days by -31.87% in comparison to the 20-day moving average, which settled at $4.57. In addition, Altus Power Inc saw -45.53% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at AMPS starting from Felton Gregg J, who purchase 12,500 shares at the price of $4.78 back on Mar 28 ’24. After this action, Felton Gregg J now owns 11,894,603 shares of Altus Power Inc, valued at $59,750 using the latest closing price.
NORELL LARS, the CO-FOUNDER CO-CEO CO-PRESIDENT of Altus Power Inc, sale 40,000 shares at $6.86 during a trade that took place back on Mar 01 ’24, which means that NORELL LARS is holding 21,614,907 shares at $274,520 based on the most recent closing price.
Stock Fundamentals for AMPS
Current profitability levels for the company are sitting at:
- 0.26 for the present operating margin
- 0.71 for the gross margin
The net margin for Altus Power Inc stands at -0.07. The total capital return value is set at 0.02. Equity return is now at value -2.15, with -0.50 for asset returns.
Based on Altus Power Inc (AMPS), the company’s capital structure generated 0.73 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 2.71. The interest coverage ratio of the stock is 0.93.
Currently, EBITDA for the company is 78.09 million with net debt to EBITDA at 11.94. When we switch over and look at the enterprise to sales, we see a ratio of 11.45. The receivables turnover for the company is 9.07for trailing twelve months and the total asset turnover is 0.07. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.15.
Conclusion
In a nutshell, Altus Power Inc (AMPS) 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.
