The stock of Altus Power Inc (AMPS) has seen a 22.38% increase in the past week, with a 28.46% gain in the past month, and a 30.19% flourish in the past quarter. The volatility ratio for the week is 12.22%, and the volatility levels for the past 30 days are at 7.53% for AMPS. The simple moving average for the last 20 days is 11.56% for AMPS’s stock, with a simple moving average of -7.88% for the last 200 days.
Is It Worth Investing in Altus Power Inc (NYSE: AMPS) Right Now?
Altus Power Inc (NYSE: AMPS) has a higher price-to-earnings ratio of 28.13x compared to its average ratio, The 36-month beta value for AMPS is at 0.89. Analysts have varying views on the stock, with 6 analysts rating it as a “buy,” 1 rating it as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for AMPS is 91.55M, and currently, shorts hold a 8.48% of that float. The average trading volume for AMPS on November 13, 2024 was 1.07M shares.
AMPS) stock’s latest price update
Altus Power Inc (NYSE: AMPS)’s stock price has soared by 24.75 in relation to previous closing price of 3.11. Nevertheless, the company has seen a gain of 22.38% in its stock price over the last five trading days. seekingalpha.com reported 2024-11-12 that Altus Power, Inc. (NYSE:AMPS ) Q3 2024 Earnings Conference Call November 12, 2024 4:30 PM ET Company Participants Alison Sternberg – Head of Investor Relations Gregg Felton – Chief Executive Officer Dustin Weber – Chief Financial Officer Conference Call Participants Justin Clare – ROTH Capital Partners Jeffrey Campbell – Seaport Research Partners Tim Moore – Clear Street Andrew Percoco – Morgan Stanley Operator Good afternoon, ladies and gentlemen, and welcome to the Altus Power, Inc. Third Quarter 2024 Earnings Conference Call. At this time, all lines are in listen-only mode.
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 17.13% 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 -46.71% of loss for the given period.
Volatility was left at 7.53%, however, over the last 30 days, the volatility rate increased by 12.22%, as shares surge +4.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +25.88% upper at present.
During the last 5 trading sessions, AMPS rose by +24.29%, which changed the moving average for the period of 200-days by -26.77% in comparison to the 20-day moving average, which settled at $3.48. In addition, Altus Power Inc saw -43.20% 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 11.62. 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 had a mixed 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.
