Altice USA Inc. (NYSE:ATUS) saw a downside of -3.38% to close Friday at $20.02 after subtracting -$0.7 on the day. The 5-day average trading volume is 13,435,479 shares of the company’s common stock. It has gained $21.15 in the past week and touched a new high 3 times within the past 5 days. An average of 9,505,960 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 6,510,482.
ATUS’s 1-month performance is -28.53% or -$7.99 on its low of $19.00 reached on 09/28/21. The company’s shares have touched a 52-week low of $19.00 and high of $38.30, with the stock’s rally to the 52-week high happening on 05/10/21. YTD, ATUS has lost -47.13% or -$17.85 and has reached a new high 2 times. However, the current price is down -47.73%% from the 52-week high price.
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On Sep 01, 33 days have gone by since the last insider trading activity for Altice USA Inc. (ATUS). Olsen Michael (EVP, Gen. Counsel & Secy) most recently sold 3,000 shares at $27.58 per share on Sep 01. This transaction cost the insider $82,740. EVP, Gen. Counsel & Secy, Olsen Michael, sold 3,000 shares at a price of $30.97 on Aug 02. Then, on Jul 01, EVP, Gen. Counsel & Secy Olsen Michael sold 3,000 shares at a price of $34.22 per share. This transaction amounted to $102,660.
The company’s PE ratio for the last five years has touched a high of 741.33 and a low of 4.886. ATUS stock has a beta of 1.18. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.55 while the price to cash flow ratio at 4.15.
Altice USA Inc.’s quick ratio for the period ended June 29 was 0.30, with the current ratio over the same period at 0.30 meaning that ATUS stock is able to fulfill its debt obligations. In terms of profitability, the gross margin trailing 12 months is 66.70%The trailing 12-month EBITDA margin is 43.84% while for the period ending June 29; Altice USA Inc.’s operating margin was 21.00%. The firm’s gross profit as reported stood at $6.55 billion against revenue of $9.89 billion.
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected ATUS to announce $0.47 per share in earnings in its latest quarter, but it posted $0.43, representing a -8.50% surprise. EBITDA for the quarter stood at more than $1.09 billion. ATUS stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 34.88 billion, with total debt at $27.46 billion. Shareholders hold equity totaling $457.13 million
Let’s look briefly at Altice USA Inc. (ATUS) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 01 October was 25.18% to suggest the stock is trending oversold, with historical volatility in this time period at 80.81%.
The stock’s 5-day moving average is $19.80, reflecting a -2.72% or -$0.56 change from its current price. ATUS is currently trading -28.93% above its 20-day SMA, -46.58% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -40.80% and -43.03% respectively.
Stochastic %K and %D was 12.53% and 8.72% and the average true range (ATR) pointed at 1.24. The RSI (14) points at 25.41%, while the 14-day stochastic is at 11.97% with the period’s ATR at 1.14. The stock’s 9-day MACD Oscillator is pointing at -1.26 and -2.88 on the 14-day charts.
In the most recent analyst report for Altice USA Inc. (NYSE: ATUS), Raymond James downgraded it to a Mkt perform rating. They previously had an Outperform rating on the stock. Analysts offering their rating for ATUS stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate ATUS as a “sell,”, while 11 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 3 rates the stock as overweight while 15 have offered a “buy” rating.
What is ATUS’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $20.00 and a high of $51.00, with their median price target at $35.00. Looking at these predictions, the average price target given by analysts is for Altice USA Inc. (ATUS) stock is $35.15.