Altice USA Inc. (ATUS) Insider Trading: What Insights Can Be Gained?

As of Thursday close, Altice USA Inc.’s (NYSE:ATUS) stock was up $2.08, moving up 21.51 percent to $11.75. The average number of shares traded per day over the past five days has been 6,203,740 shares. 2 times new highs have been achieved over the past 5 days, with a $1.17 gain in that time frame. In the last twenty days, the average volume was 5,369,820, while in the previous 50 days, it was 4,385,826.

Since last month, ATUS stock rose 27.58%. Shares of the company fell to $7.95 on 07/14/22, the lowest level in the past month. A 52-week high of $30.08 was reached on 01/05/22 after having rallying from a 52-week low of $7.58. Since the beginning of this year, ATUS’s stock price has dropped by -27.38% or -$4.43, and marked a new high 3 times. However, the stock has declined by -60.94% since its 52-week high.

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Altice USA Inc. (ATUS) last reported insider trading activity 234 days ago on Dec 14. Mullen Mark, the Director of the company, disposed of 5,000 shares for $15.54 on Dec 14. It resulted in a $77,700 divestment by the insider. SCHNABEL SUSAN C added 10,000 shares at an average price of $14.59 on Dec 13. The insider now owns 20,000 shares following the transaction. On Dec 10, Director SCHNABEL SUSAN C bought 10,000 shares at $15.08 apiece. The transaction was valued at $150,800.

Valuation Metrics

Right now, Altice USA Inc. (ATUS) has a P/E ratio of about 5.93. The stock’s beta is 1.28.

Financial Health

In the three months ended June 29, Altice USA Inc.’s quick ratio stood at 0.30, while its current ratio was 0.30, showing that the company is not able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 66.50% percent. In the year ended June 29, operating margins totaled 23.70%. Based on annual data, ATUS earned $6.71 billion in gross profit and brought in $10.09 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 8.50%. Return on equity (ROE) for the past 12 months was -96.40%.

In Altice USA Inc.’s quarter-end financial report for June 29, it reported total debt of $25.47 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. ATUS’s revenue fell -2.35% to $2.52 billion during the quarter, while net income inched up to $2.42 billion. While analysts expected Altice USA Inc. to report $0.32 quarterly earnings, the actual figure was $0.23 per share, beating the consensus estimate by -28.10%. During the quarter, the company generated $968.16 million in EBITDA. The liabilities of Altice USA Inc. were 33.77 billion at the end of its most recent quarter ended June 29, and its total debt was $26.71 billion. The value of shareholders’ equity is $454.65 million.

Technical Picture

This quick technical analysis looks at Altice USA Inc.’s (ATUS) price momentum. With a historical volatility rate of 122.83%, the RSI 9-day stood at 66.49% on 04 August.

With respect to its five-day moving average, the current Altice USA Inc. price is up by +11.06% percent or $1.17. At present, ATUS shares trade +28.42% above its 20-day simple moving average and +6.24% percent above its 100-day simple moving average. However, the stock is currently trading approximately +10.33% above its SMA50 and -32.97% below its SMA200.

Stochastic coefficient K was 41.05% and Stochastic coefficient D was 34.93%, while ATR was 0.97. Given the Stochastic reading of 69.85% for the 14-day period, the RSI (14) reading has been calculated as 62.90%. As of today, the MACD Oscillator reading stands at -0.38, while the 14-day reading stands at -0.16.

Analyst Ratings

New Street upgraded its rating on Altice USA Inc. (NYSE: ATUS) to a Buy in a note to investors on July 22, 2022. The analysts firm previously had a Neutral rating on the stock.Altice USA Inc. (ATUS) has been rated Overweight by analysts. According to 0 brokerage firms, ATUS is a sell, and 17 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Altice USA Inc. stock as buy, with 10 recommending it as overweight.

With a median target price of $12.00, the current consensus forecast for the stock is $8.00 – $39.00. Based on these forecasts, analysts predict Altice USA Inc. (ATUS) will achieve an average price target of $15.16.


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