Altice USA Inc (NYSE: ATUS) has experienced a decline in its stock price by -1.16 compared to its previous closing price of 2.59. However, the company has seen a gain of 8.02% in its stock price over the last five trading days. zacks.com reported 2024-11-22 that ATUS plans to bring 100% fiber broadband to more than two-thirds of its footprint over the next few years.
Is It Worth Investing in Altice USA Inc (NYSE: ATUS) Right Now?
The 36-month beta value for ATUS is at 1.56. Analysts have varying views on the stock, with 8 analysts rating it as a “buy,” 2 rating it as “overweight,” 8 as “hold,” and 2 as “sell.”
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The public float for ATUS is 200.56M, and currently, shorts hold a 12.66% of that float. The average trading volume for ATUS on November 26, 2024 was 3.33M shares.
ATUS’s Market Performance
ATUS stock saw an increase of 8.02% in the past week, with a monthly gain of 0.79% and a quarterly increase of 34.03%. The volatility ratio for the week is 5.27%, and the volatility levels for the last 30 days are 6.78% for Altice USA Inc (ATUS). The simple moving average for the past 20 days is -0.08% for ATUS’s stock, with a 14.94% simple moving average for the past 200 days.
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 4.12% 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 -30.05% of loss for the given period.
Volatility was left at 6.78%, however, over the last 30 days, the volatility rate increased by 5.27%, as shares sank -0.39% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +17.97% upper at present.
During the last 5 trading sessions, ATUS rose by +8.02%, which changed the moving average for the period of 200-days by +25.49% in comparison to the 20-day moving average, which settled at $2.56. In addition, Altice USA Inc saw -21.23% 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 ATUS starting from Next Alt S.a.r.l., who sale 805,227 shares at the price of $24.50 back on Nov 22 ’24. After this action, Next Alt S.a.r.l. now owns 22,756,458 shares of Altice USA Inc, valued at $19,728,062 using the latest closing price.
Next Alt S.a.r.l., the Director of Altice USA Inc, sale 805,227 shares at $24.50 during a trade that took place back on Nov 21 ’24, which means that Next Alt S.a.r.l. is holding 23,561,685 shares at $19,728,062 based on the most recent closing price.
Stock Fundamentals for ATUS
Current profitability levels for the company are sitting at:
- 0.2 for the present operating margin
- 0.5 for the gross margin
The net margin for Altice USA Inc stands at -0.02. 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 -58.91. The interest coverage ratio of the stock is 1.04.
Currently, EBITDA for the company is 3.61 billion with net debt to EBITDA at 7.3. When we switch over and look at the enterprise to sales, we see a ratio of 2.91. The receivables turnover for the company is 28.56for 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 0.41.
Conclusion
In conclusion, Altice USA Inc (ATUS) has had a better performance lately. Opinion on the stock among analysts is mixed, 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.
