The stock of Altice USA Inc (ATUS) has seen a -3.41% decrease in the past week, with a -22.96% drop in the past month, and a -10.00% decrease in the past quarter. The volatility ratio for the week is 11.13%, and the volatility levels for the past 30 days are at 8.32% for ATUS. The simple moving average for the last 20 days is -5.56% for ATUS stock, with a simple moving average of -26.56% for the last 200 days.
Is It Worth Investing in Altice USA Inc (NYSE: ATUS) Right Now?
The price-to-earnings ratio for Altice USA Inc (NYSE: ATUS) is 144.53x, which is above its average ratio. Moreover, the 36-month beta value for ATUS is 1.45. Analysts have varying 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 11.87% of that float. On May 06, 2024, ATUS’s average trading volume was 3.95M shares.
ATUS) stock’s latest price update
The stock of Altice USA Inc (NYSE: ATUS) has decreased by -3.41 when compared to last closing price of 2.05. Despite this, the company has experienced a -3.41% fall in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-03 that Top-line contraction and higher operating expenses force Altice (ATUS) to record loss in first-quarter 2024.
Analysts’ Opinion of ATUS
Many brokerage firms have already submitted their reports for ATUS stocks, with BofA Securities repeating the rating for ATUS by listing it as a “Underperform.” The predicted price for ATUS in the upcoming period, according to BofA Securities is $1.50 based on the research report published on April 24, 2024 of the current year 2024.
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 -17.62% 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 -48.17% of loss for the given period.
Volatility was left at 8.32%, however, over the last 30 days, the volatility rate increased by 11.13%, as shares sank -18.85% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.88% upper at present.
During the last 5 trading sessions, ATUS fell by -3.41%, which changed the moving average for the period of 200-days by -38.70% in comparison to the 20-day moving average, which settled at $2.0735. In addition, Altice USA Inc saw -39.08% 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:
- 0.21 for the present operating margin
- 0.59 for the gross margin
The net margin for Altice USA Inc stands at 0.0. 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 -57.92. The interest coverage ratio of the stock is 2.32.
Currently, EBITDA for the company is 3.61 billion with net debt to EBITDA at 7.07. When we switch over and look at the enterprise to sales, we see a ratio of 2.82. The receivables turnover for the company is 29.18for trailing twelve months and the total asset turnover is 0.29. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.41.
Conclusion
To wrap up, the performance of Altice USA Inc (ATUS) has been bad in recent times. The stock has received a bullish of “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.
