What You Need To Know About Altice USA Inc. (ATUS)

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Altice USA Inc. (NYSE:ATUS) finished Thursday with a subtraction of -$0.33 to close at $7.16, a downside of -4.41 percent. An average of 6,983,240 shares of common stock have been traded in the last five days. There was a fall of -$1.94 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 4,610,070 shares traded, while the 50-day average volume stands at 4,687,290.

ATUS stock has decreased by -27.82% in the last month. The company shares reached their 1-month lowest point of $6.99 on 09/22/22. With the stock rallying to its 52-week high on 01/05/22, shares of the company touched a low of $7.48 and a high of $26.02 in 52 weeks. It has reached a new high 3 times so far this year and lost -55.75% or -$9.02 in price. In spite of this, the price is down -72.48% from the 52-week high.


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Insider Transactions

10 days have passed since Altice USA Inc. (ATUS) last reported insider trading activity. Stewart Charles, who is Director, most recently acquired $31,560 shares at $9.99 per share on Sep 13. In this transaction, the insider spent $315,284. Director, Mullen Mark, disposed of 5,000 shares at a price of $15.54 on Dec 14. The insider now owns more than $77,700 worth of shares. Prior to that, EVP, Gen. Counsel & Secy Olsen Michael went on to Sale 3,000 shares at $16.36 each on Nov 01. An amount of $49,080 was transacted.

Valuation Metrics

Altice USA Inc. (ATUS) has a trailing price-to-earnings (P/E) ratio of 4.00. The stock’s beta is 1.27. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.33, and the price-to-cash flow ratio at 3.02.

Financial Health

The quick ratio of Altice USA Inc. for the three months ended June 29 was 0.60, and the current ratio was 0.60, indicating that the company is not able to meet its debt obligations. Its gross profit as reported stood at $6.71 billion compared to revenue of $10.09 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Altice USA Inc.’s return on assets was 2.50%.

Earnings Surprise

For the three-month period that ended June 29, Altice USA Inc. had $23.68 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $106.17 million in the quarter, while revenues of $196.55 million were shrunk -86.17%. The analyst consensus anticipated Altice USA Inc.’s latest quarter earnings to come in at $0.32 per share, but it turned out to be $0.23, a -28.10% surprise. For the quarter, EBITDA amounted to $988.67 million. Shareholders own equity worth $454.67 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Altice USA Inc. (ATUS) price momentum. RSI 9-day as of the close on 22 September was 20.35%, suggesting the stock is oversold, with historical volatility in this time frame at 66.77%.

As of today, ATUS’s price is $7.87 -21.32% or -$1.94 from its 5-day moving average. ATUS is currently trading -28.47% lower than its 20-day SMA and -22.84% lower than its 100-day SMA. However, the stock’s current price level is -19.00% below the SMA50 and -57.73% below the SMA200.

The stochastic %K and %D were 2.19% and 2.61%, respectively, and the average true range (ATR) was 0.59. With the 14-day stochastic at 4.35% and the average true range at 0.61, the RSI (14) stands at 27.68%. The stock has reached -1.08 on the 9-day MACD Oscillator while the 14-day reading was at -1.58.

Analyst Ratings

HSBC Securities downgraded Altice USA Inc. (NYSE: ATUS) to a a Hold rating in its most recent analyst report. Previously, the stock was rated as a Buy.

What is ATUS’s price target for the next 12 months?

Analysts predict a range of price targets between $9.00 and $39.00, with a median target of $12.00. Taking a look at these predictions, the average price target given by analysts for Altice USA Inc. (ATUS) stock is $14.51.

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