Altice USA Inc (NYSE: ATUS)’s stock price has plunge by 0.52relation to previous closing price of 1.91. Nevertheless, the company has seen a -1.54% plunge in its stock price over the last five trading sessions. Business Wire reported 2024-04-16 that NEW YORK–(BUSINESS WIRE)–Altice USA (NYSE: ATUS) will host a conference call on Thursday, May 2, 2024 at 8:30 a.m. ET to discuss financial and operating results for the first quarter ended March 31, 2024. A press release reporting the results will be issued at 8:05 a.m. ET. The call will be led by Dennis Mathew, Chairman and CEO, and Marc Sirota, CFO. Dial-in Access Telephone Numbers: Participant Dial-In: 877-404-9653 / +1 201-689-8856 A live webcast of the presentation will be available on t.
Is It Worth Investing in Altice USA Inc (NYSE: ATUS) Right Now?
Altice USA Inc (NYSE: ATUS) has a higher price-to-earnings ratio of 16.44x compared to its average ratio, The 36-month beta value for ATUS is at 1.38. Analysts have varying views on the stock, with 8 analysts rating it as a “buy,” 2 rating it as “overweight,” 7 as “hold,” and 0 as “sell.”
The public float for ATUS is 202.22M, and currently, shorts hold a 11.75% of that float. The average trading volume for ATUS on April 24, 2024 was 4.02M shares.
ATUS’s Market Performance
The stock of Altice USA Inc (ATUS) has seen a -1.54% decrease in the past week, with a -23.51% drop in the past month, and a -29.93% fall in the past quarter. The volatility ratio for the week is 6.61%, and the volatility levels for the past 30 days are at 6.69% for ATUS. The simple moving average for the last 20 days is -16.18% for ATUS stock, with a simple moving average of -29.80% for the last 200 days.
Analysts’ Opinion of ATUS
Exane BNP Paribas gave a rating of “Underperform” to ATUS, setting the target price at $1 in the report published on April 09th of the current year.
ATUS Trading at -20.39% 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 -49.74% of loss for the given period.
Volatility was left at 6.69%, however, over the last 30 days, the volatility rate increased by 6.61%, as shares sank -22.89% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.12% lower at present.
During the last 5 trading sessions, ATUS fell by -1.54%, which changed the moving average for the period of 200-days by -39.62% in comparison to the 20-day moving average, which settled at $2.2620. In addition, Altice USA Inc saw -40.92% 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 2.81. 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 conclusion, Altice USA Inc (ATUS) has had a bad performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
