The stock of Altair Engineering Inc (ALTR) has seen a 9.32% increase in the past week, with a 9.50% gain in the past month, and a 17.63% flourish in the past quarter. The volatility ratio for the week is 4.87%, and the volatility levels for the past 30 days are at 2.91% for ALTR. The simple moving average for the last 20 days is 8.21% for ALTR’s stock, with a simple moving average of 16.06% for the last 200 days.
Is It Worth Investing in Altair Engineering Inc (NASDAQ: ALTR) Right Now?
The price-to-earnings ratio for Altair Engineering Inc (NASDAQ: ALTR) is above average at 341.74x, Company’s 36-month beta value is 1.45.Analysts have differing opinions on the stock, with 1 analysts rating it as a “buy,” 1 as “overweight,” 3 as “hold,” and 0 as “sell.”
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The public float for ALTR is 58.21M, and currently, short sellers hold a 8.44% ratio of that floaft. The average trading volume of ALTR on October 23, 2024 was 372.57K shares.
ALTR) stock’s latest price update
Altair Engineering Inc (NASDAQ: ALTR)’s stock price has gone rise by 8.22 in comparison to its previous close of 95.18, however, the company has experienced a 9.32% increase in its stock price over the last five trading days. globenewswire.com reported 2024-10-16 that TROY, Mich., Oct. 16, 2024 (GLOBE NEWSWIRE) — Altair (Nasdaq: ALTR), a global leader in computational intelligence, will release its financial results for the third quarter ended September 30, 2024 after the market close on Wednesday, October 30, 2024. On that day, management will hold a conference call and webcast at 5 p.m. ET to review and discuss the Company’s third quarter 2024 results and fourth quarter and full year 2024 outlook. A recorded version of this webcast will be available after the call and accessible at http://investor.altair.com.
Analysts’ Opinion of ALTR
Many brokerage firms have already submitted their reports for ALTR stocks, with Goldman repeating the rating for ALTR by listing it as a “Sell.” The predicted price for ALTR in the upcoming period, according to Goldman is $71 based on the research report published on August 02, 2024 of the current year 2024.
JP Morgan, on the other hand, stated in their research note that they expect to see ALTR reach a price target of $95. The rating they have provided for ALTR stocks is “Neutral” according to the report published on July 15th, 2024.
Rosenblatt gave a rating of “Neutral” to ALTR, setting the target price at $88 in the report published on February 23rd of the current year.
ALTR Trading at 12.22% from the 50-Day Moving Average
After a stumble in the market that brought ALTR to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 1.59% of gains for the given period.
Volatility was left at 2.91%, however, over the last 30 days, the volatility rate increased by 4.87%, as shares surge +9.91% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +17.62% upper at present.
During the last 5 trading sessions, ALTR rose by +9.32%, which changed the moving average for the period of 200-days by +28.75% in comparison to the 20-day moving average, which settled at $95.18. In addition, Altair Engineering Inc saw 22.40% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ALTR starting from Christ George J, who sale 97,824 shares at the price of $95.23 back on Oct 11 ’24. After this action, Christ George J now owns 302,176 shares of Altair Engineering Inc, valued at $9,315,986 using the latest closing price.
Christ George J, the 10% Owner of Altair Engineering Inc, sale 2,176 shares at $95.31 during a trade that took place back on Oct 14 ’24, which means that Christ George J is holding 300,000 shares at $207,404 based on the most recent closing price.
Stock Fundamentals for ALTR
Current profitability levels for the company are sitting at:
- 0.03 for the present operating margin
- 0.8 for the gross margin
The net margin for Altair Engineering Inc stands at 0.04. The total capital return value is set at 0.02. Equity return is now at value 3.78, with 2.06 for asset returns.
Based on Altair Engineering Inc (ALTR), the company’s capital structure generated 0.23 points at debt to capital in total, while cash flow to debt ratio is standing at 0.6. The debt to equity ratio resting at 0.3. The interest coverage ratio of the stock is 3.46.
Currently, EBITDA for the company is 56.22 million with net debt to EBITDA at -3.47. When we switch over and look at the enterprise to sales, we see a ratio of 13.54. The receivables turnover for the company is 4.25for trailing twelve months and the total asset turnover is 0.47. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.11.
Conclusion
In a nutshell, Altair Engineering Inc (ALTR) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
