In the past week, ATUS stock has gone down by -2.07%, with a monthly gain of 15.61% and a quarterly surge of 26.74%. The volatility ratio for the week is 4.97%, and the volatility levels for the last 30 days are 7.13% for Altice USA Inc. The simple moving average for the past 20 days is 2.38% for ATUS’s stock, with a 5.53% simple moving average for the past 200 days.
Is It Worth Investing in Altice USA Inc (NYSE: ATUS) Right Now?
Additionally, the 36-month beta value for ATUS is 1.52. 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.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for ATUS is 204.86M and currently, short sellers hold a 12.67% ratio of that float. The average trading volume of ATUS on October 09, 2024 was 3.71M shares.
ATUS) stock’s latest price update
Altice USA Inc (NYSE: ATUS) has experienced a decline in its stock price by -0.84 compared to its previous closing price of 2.39. However, the company has seen a fall of -2.07% in its stock price over the last five trading days. businesswire.com reported 2024-10-08 that NEW YORK–(BUSINESS WIRE)–Altice USA (NYSE: ATUS) will host a conference call on Monday, November 4, 2024, at 4:30 p.m. ET to discuss financial and operating results for the third quarter ended September 30, 2024. The conference call will be led by Dennis Mathew, Chairman and CEO, and Marc Sirota, CFO. Presentation materials, including Altice USA’s earnings release, earnings results presentation and trended schedule, will be available at 4:05 p.m. ET, prior to the conference call, on the Altic.
Analysts’ Opinion of ATUS
Many brokerage firms have already submitted their reports for ATUS stocks, with UBS repeating the rating for ATUS by listing it as a “Neutral.” The predicted price for ATUS in the upcoming period, according to UBS is $2 based on the research report published on August 02, 2024 of the current year 2024.
Goldman, on the other hand, stated in their research note that they expect to see ATUS reach a price target of $2. The rating they have provided for ATUS stocks is “Sell” according to the report published on July 01st, 2024.
BofA Securities gave a rating of “Underperform” to ATUS, setting the target price at $1.50 in the report published on April 24th of the current year.
ATUS Trading at 17.57% 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 -35.25% of loss for the given period.
Volatility was left at 7.13%, however, over the last 30 days, the volatility rate increased by 4.97%, as shares surge +20.92% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +25.40% upper at present.
During the last 5 trading sessions, ATUS fell by -2.07%, which changed the moving average for the period of 200-days by +3.49% in comparison to the 20-day moving average, which settled at $2.32. In addition, Altice USA Inc saw -27.08% 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
- 0.54 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 -62.98. The interest coverage ratio of the stock is 1.08.
Currently, EBITDA for the company is 3.61 billion with net debt to EBITDA at 7.17. When we switch over and look at the enterprise to sales, we see a ratio of 2.87. The receivables turnover for the company is 28.44for 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 0.46.
Conclusion
In conclusion, Altice USA Inc (ATUS) has seen mixed 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.
