Approximately 1,050,000 Shares Of Altus Power Inc. (AMPS) Were Sold By This Insider.

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Altus Power Inc. (NYSE:AMPS) finished Friday with an addition of $0.14 to close at $6.52, an upside of 2.19 percent. An average of 1,011,700 shares of common stock have been traded in the last five days. There was a fall of -$0.14 in the past week, and it reached a new high 11 times over the past 12 months. The last 20 days have seen an average of 999,705 shares traded, while the 50-day average volume stands at 1,021,710.

AMPS stock has decreased by -8.81% in the last month. The company shares reached their 1-month lowest point of $6.12 on 12/12/22. With the stock rallying to its 52-week high on 09/28/22, shares of the company touched a low of $4.26 and a high of $14.72 in 52 weeks. It has reached a new high 10 times so far this year and lost -37.61% or -$3.93 in price. In spite of this, the price is down -55.69% from the 52-week high.


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Insider Transactions

AMPS stock investors should be aware that Altus Power Inc. (AMPS) stock had its last reported insider trading activity 89 days ago on Oct 03. In this transaction, the insider spent $11,560,500. 10% Owner, GSO Altus Holdings LP, disposed of 7,000,000 shares at a price of $11.01 on Oct 03. The insider now owns more than $77,070,000 worth of shares.

Valuation Metrics

Altus Power Inc. (AMPS) has a trailing price-to-earnings (P/E) ratio of 97.31. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 11.36, the price-to-book (PB) ratio at 2.95.

Financial Health

The quick ratio of Altus Power Inc. for the three months ended June 29 was 9.70, and the current ratio was 9.70, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.54 and a total debt to equity ratio of 1.59 for the quarter ending June 29. Its gross profit as reported stood at $57.77 million compared to revenue of $71.8 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Altus Power Inc.’s return on assets was 4.20%.

Earnings Surprise

For the three-month period that ended June 29, Altus Power Inc. had $527.71 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$96.98 million in the quarter, while revenues of $24.12 million were grew 89.6%. The analyst consensus anticipated Altus Power Inc.’s latest quarter earnings to come in at $0 per share, but it turned out to be $0.16. For the quarter, EBITDA amounted to $18.57 million. Shareholders own equity worth $160.04 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Altus Power Inc. (AMPS) price momentum. RSI 9-day as of the close on 30 December was 47.66%, suggesting the stock is Neutral, with historical volatility in this time frame at 73.79%.

As of today, AMPS’s price is $6.36 -2.10% or -$0.14 from its 5-day moving average. AMPS is currently trading -3.55% lower than its 20-day SMA and -26.74% lower than its 100-day SMA. However, the stock’s current price level is -38.20% below the SMA50 and -22.66% below the SMA200.

The stochastic %K and %D were 29.17% and 22.34%, respectively, and the average true range (ATR) was 0.41. With the 14-day stochastic at 41.67% and the average true range at 0.44, the RSI (14) stands at 44.01%. The stock has reached -0.07 on the 9-day MACD Oscillator while the 14-day reading was at -0.13.

Analyst Ratings

JP Morgan upgraded Altus Power Inc. (NYSE: AMPS) to a an Overweight rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for Altus Power Inc. (AMPS) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell AMPS, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 5 others rate it as a “buy”.

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