Alta Equipment Group Inc (ALTG) Stock: Evaluating the Annual Growth

CANO

The stock of Alta Equipment Group Inc (ALTG) has gone up by 14.57% for the week, with a -23.62% drop in the past month and a -23.31% drop in the past quarter. The volatility ratio for the week is 7.06%, and the volatility levels for the past 30 days are 8.41% for ALTG. The simple moving average for the past 20 days is 5.91% for ALTG’s stock, with a -21.47% simple moving average for the past 200 days.

Is It Worth Investing in Alta Equipment Group Inc (NYSE: ALTG) Right Now?

Company’s 36-month beta value is 1.50.Analysts have differing opinions on the stock, with 2 analysts rating it as a “buy,” 0 as “overweight,” 2 as “hold,” and 0 as “sell.”

The public float for ALTG is 19.94M, and currently, short sellers hold a 10.72% ratio of that floaft. The average trading volume of ALTG on March 20, 2025 was 191.36K shares.

ALTG) stock’s latest price update

The stock price of Alta Equipment Group Inc (NYSE: ALTG) has jumped by 9.69 compared to previous close of 5.16. Despite this, the company has seen a gain of 14.57% in its stock price over the last five trading days. seekingalpha.com reported 2025-03-05 that Alta Equipment Group Inc. (NYSE:ALTG ) Q4 2024 Earnings Conference Call March 5, 2025 5:00 PM ET Company Participants Jason Dammeyer – Director of SEC Reporting & Technical Accounting Ryan Greenawalt – Chairman & CEO Tony Colucci – Chief Financial Officer Conference Call Participants Canyon Hayes – DA Davidson Steven Ramsey – Thompson Research Group Ted Jackson – Northland Securities Operator Good afternoon, and thank you for attending the Alta Equipment Group Fourth Quarter and Full Year 2024 Earnings Conference Call. My name is Joule [ph] and I’ll be your moderator for today’s call.

Analysts’ Opinion of ALTG

Many brokerage firms have already submitted their reports for ALTG stocks, with Northland Capital repeating the rating for ALTG by listing it as a “Market Perform.” The predicted price for ALTG in the upcoming period, according to Northland Capital is $20 based on the research report published on November 13, 2024 of the previous year 2024.

Northland Capital, on the other hand, stated in their research note that they expect to see ALTG reach a price target of $25. The rating they have provided for ALTG stocks is “Outperform” according to the report published on September 23rd, 2022.

B. Riley Securities gave a rating of “Buy” to ALTG, setting the target price at $22 in the report published on January 04th of the previous year.

ALTG Trading at -11.99% from the 50-Day Moving Average

After a stumble in the market that brought ALTG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -58.60% of loss for the given period.

Volatility was left at 8.41%, however, over the last 30 days, the volatility rate increased by 7.06%, as shares sank -21.50% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -16.76% lower at present.

During the last 5 trading sessions, ALTG rose by +14.57%, which changed the moving average for the period of 200-days by -34.41% in comparison to the 20-day moving average, which settled at $5.34. In addition, Alta Equipment Group Inc saw -13.46% 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 ALTG starting from Brubaker Craig, who sale 5,294 shares at the price of $5.00 back on Mar 05 ’25. After this action, Brubaker Craig now owns 98,640 shares of Alta Equipment Group Inc, valued at $26,471 using the latest closing price.

Voss Capital, LP, the 10% Owner of Alta Equipment Group Inc, sale 11,311 shares at $6.31 during a trade that took place back on Oct 02 ’24, which means that Voss Capital, LP is holding 963,689 shares at $71,344 based on the most recent closing price.

Stock Fundamentals for ALTG

Current profitability levels for the company are sitting at:

  • 0.01 for the present operating margin
  • 0.26 for the gross margin

The net margin for Alta Equipment Group Inc stands at -0.03. The total capital return value is set at 0.02. Equity return is now at value -54.64, with -4.07 for asset returns.

Based on Alta Equipment Group Inc (ALTG), the company’s capital structure generated 0.8 points at debt to capital in total, while cash flow to debt ratio is standing at 0.16. The debt to equity ratio resting at 4.11. The interest coverage ratio of the stock is 0.23.

Currently, EBITDA for the company is 159.5 million with net debt to EBITDA at 1.85. When we switch over and look at the enterprise to sales, we see a ratio of 0.26. The receivables turnover for the company is 9.4for trailing twelve months and the total asset turnover is 1.27. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.34.

Conclusion

In a nutshell, Alta Equipment Group Inc (ALTG) has experienced a bad 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.

Most Popular

Related Posts