The stock of Altus Power Inc (NYSE: AMPS) has increased by 2.07 when compared to last closing price of 3.87. 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.
Is It Worth Investing in Altus Power Inc (NYSE: AMPS) Right Now?
The price-to-earnings ratio for Altus Power Inc (NYSE: AMPS) is above average at 18.67x, Company’s 36-month beta value is 0.97.Analysts have differing opinions on the stock, with 6 analysts rating it as a “buy,” 2 as “overweight,” 2 as “hold,” and 0 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 AMPS is 91.56M, and currently, short sellers hold a 8.48% ratio of that floaft. The average trading volume of AMPS on November 21, 2024 was 1.10M shares.
AMPS’s Market Performance
AMPS stock saw an increase of 0.00% in the past week, with a monthly gain of 13.51% and a quarterly increase of 39.58%. The volatility ratio for the week is 5.89%, and the volatility levels for the last 30 days are 8.18% for Altus Power Inc (AMPS). The simple moving average for the last 20 days is 10.50% for AMPS stock, with a simple moving average of -5.33% for the last 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 16.53% 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 -45.74% of loss for the given period.
Volatility was left at 8.18%, however, over the last 30 days, the volatility rate increased by 5.89%, as shares surge +15.50% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +19.34% upper at present.
During the last 5 trading sessions, AMPS remain unchanged, which changed the moving average for the period of 200-days by -30.58% in comparison to the 20-day moving average, which settled at $3.57. In addition, Altus Power Inc saw -42.17% 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:
- 0.15 for the present operating margin
- 0.57 for the gross margin
The net margin for Altus Power Inc stands at 0.19. The total capital return value is set at 0.01. Equity return is now at value 7.23, with 1.76 for asset returns.
Based on Altus Power Inc (AMPS), the company’s capital structure generated 0.75 points at debt to capital in total, while cash flow to debt ratio is standing at 0.03. The debt to equity ratio resting at 2.95. The interest coverage ratio of the stock is 0.42.
Currently, EBITDA for the company is 76.86 million with net debt to EBITDA at 10.71. When we switch over and look at the enterprise to sales, we see a ratio of 11.03. 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 0.60.
Conclusion
In a nutshell, Altus Power Inc (AMPS) has experienced a mixed performance in recent times. The stock has received mixed “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.
