Altice USA Inc. (ATUS): Here Are Some Research Recommendations

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Altice USA Inc. (NYSE:ATUS) traded with an addition of $0.31 to close at $4.59 on Thursday, an upside of 7.36 percent. An average of 3,629,367 shares of common stock have been traded in the last five days. There was a gain of $0.40 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 6,924,757 shares traded, while the 50-day average volume stands at 7,174,211.

ATUS stock has decreased by -3.60% in the last month. The company shares reached their 1-month lowest point of $3.68 on 12/16/22. With the stock rallying to its 52-week high on 01/05/22, shares of the company touched a low of $3.68 and a high of $17.23 in 52 weeks. It has reached a new high 3 times so far this year and lost -73.55% or -$11.61 in price. In spite of this, the price is down -73.32% from the 52-week high.


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Insider Transactions

ATUS stock investors should be aware that Altice USA Inc. (ATUS) stock had its last reported insider trading activity 107 days ago on Sep 13.

Valuation Metrics

Altice USA Inc. (ATUS) has a trailing price-to-earnings (P/E) ratio of 3.07. The stock’s beta is 1.39. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.20, and the price-to-cash flow ratio at 2.36.

Financial Health

The quick ratio of Altice USA Inc. for the three months ended September 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 1.90%.

Earnings Surprise

For the three-month period that ended September 29, Altice USA Inc. had $24.29 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $84.95 million in the quarter, while revenues were shrunk -214.13%. The analyst consensus anticipated Altice USA Inc.’s latest quarter earnings to come in at $0.35 per share, but it turned out to be $0.19, a -45.70% surprise. For the quarter, EBITDA amounted to $933.33 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 28 December was 64.79%, suggesting the stock is Neutral, with historical volatility in this time frame at 78.59%.

As of today, ATUS’s price is $4.35 +9.71% or $0.40 from its 5-day moving average. ATUS is currently trading +0.33% higher than its 20-day SMA and -60.96% lower than its 100-day SMA. However, the stock’s current price level is -19.60% below the SMA50 and -58.52% below the SMA200.

The stochastic %K and %D were 86.83% and 87.79%, respectively, and the average true range (ATR) was 0.26. With the 14-day stochastic at 97.81% and the average true range at 0.28, the RSI (14) stands at 55.57%. The stock has reached 0.22 on the 9-day MACD Oscillator while the 14-day reading was at 0.27.

Analyst Ratings

The consensus rating for Altice USA Inc. (ATUS) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell ATUS, while 16 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 10 others rate it as a “buy”.

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

Analysts predict a range of price targets between $3.50 and $31.00, with a median target of $6.50. Taking a look at these predictions, the average price target given by analysts for Altice USA Inc. (ATUS) stock is $8.70.

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