Altus Power Inc (NYSE: AMPS) has a price-to-earnings ratio of 24.66x that is above its average ratio. Additionally, the 36-month beta value for AMPS is 0.96. There are mixed opinions on the stock, with 7 analysts rating it as a “buy,” 1 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
The public float for AMPS is 91.55M and currently, short sellers hold a 9.72% ratio of that float. The average trading volume of AMPS on October 25, 2024 was 1.01M shares.
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AMPS) stock’s latest price update
The stock price of Altus Power Inc (NYSE: AMPS) has dropped by -0.58 compared to previous close of 3.42. Despite this, the company has seen a fall of -5.56% in its stock price over the last five trading days. zacks.com reported 2024-10-21 that Altus Power (AMPS) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
AMPS’s Market Performance
Altus Power Inc (AMPS) has seen a -5.56% fall in stock performance for the week, with a 9.68% gain in the past month and a -20.75% plunge in the past quarter. The volatility ratio for the week is 4.12%, and the volatility levels for the past 30 days are at 5.55% for AMPS.. The simple moving average for the past 20 days is 4.74% for AMPS’s stock, with a -22.12% simple moving average for the past 200 days.
Analysts’ Opinion of AMPS
Many brokerage firms have already submitted their reports for AMPS stocks, with Morgan Stanley repeating the rating for AMPS by listing it as a “Equal-Weight.” The predicted price for AMPS in the upcoming period, according to Morgan Stanley is $4 based on the research report published on August 21, 2024 of the current year 2024.
Seaport Research Partners, on the other hand, stated in their research note that they expect to see AMPS reach a price target of $6.50. The rating they have provided for AMPS stocks is “Buy” according to the report published on June 03rd, 2024.
AMPS Trading at 6.47% 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 -53.30% of loss for the given period.
Volatility was left at 5.55%, however, over the last 30 days, the volatility rate increased by 4.12%, as shares surge +4.94% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +16.04% upper at present.
During the last 5 trading sessions, AMPS fell by -5.56%, which changed the moving average for the period of 200-days by -44.63% in comparison to the 20-day moving average, which settled at $3.25. In addition, Altus Power Inc saw -50.22% 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 34,139 shares at the price of $3.99 back on Jun 07 ’24. After this action, Felton Gregg J now owns 12,044,603 shares of Altus Power Inc, valued at $136,215 using the latest closing price.
Felton Gregg J, the CO-FOUNDER, CEO & PRESIDENT of Altus Power Inc, purchase 25,000 shares at $3.99 during a trade that took place back on Jun 04 ’24, which means that Felton Gregg J is holding 12,010,464 shares at $99,750 based on the most recent closing price.
Stock Fundamentals for AMPS
Current profitability levels for the company are sitting at:
- 0.14 for the present operating margin
- 0.49 for the gross margin
The net margin for Altus Power Inc stands at 0.14. The total capital return value is set at 0.01. Equity return is now at value 4.95, with 1.20 for asset returns.
Based on Altus Power Inc (AMPS), the company’s capital structure generated 0.72 points at debt to capital in total, while cash flow to debt ratio is standing at 0.04. The debt to equity ratio resting at 2.57. The interest coverage ratio of the stock is 0.43.
Currently, EBITDA for the company is 78.09 million with net debt to EBITDA at 15.14. When we switch over and look at the enterprise to sales, we see a ratio of 11.08. The receivables turnover for the company is 5.42for trailing twelve months and the total asset turnover is 0.08. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.91.
Conclusion
In conclusion, Altus Power Inc (AMPS) has seen bad 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.
