A Technical View of the Altice USA Inc. (ATUS)


Altice USA Inc. (NYSE:ATUS) saw an upside of 0.63% to close Tuesday at $4.80 after adding $0.03 on the day. The 5-day average trading volume is 2,722,340 shares of the company’s common stock. It has gained $4.88 in the past week and touched a new high 2 times within the past 5 days. An average of 3,294,485 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 5,854,184.

ATUS’s 1-month performance is 15.11% or $0.41 on its low of $4.22 reached on 12/27/22. The company’s shares have touched a 52-week low of $3.68 and high of $15.36, with the stock’s rally to the 52-week high happening on 01/12/23. YTD, ATUS has achieved 4.35% or $0.20 and has reached a new high 5 times. However, the current price is down -68.75% from the 52-week high price.

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Insider Transactions

ATUS stock investors last saw insider trading activity on Sep 13.Stewart Charles (Director) most recently sold 31,560 shares at $9.99 per share on Sep 13. This transaction cost the insider $315,284.

Valuation Metrics

ATUS stock has a beta of 1.37. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.22 while the price to cash flow ratio at 2.65.

Altice USA Inc.’s quick ratio for the period ended September 29 was 0.60, with the current ratio over the same period at 0.60.. In terms of profitability, the gross margin trailing 12 months is 66.70%. The firm’s gross profit as reported stood at $6.71 billion against revenue of $10.09 billion.

Earnings Surprise

For the quarterly period ending September 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -214.13% to $84.95 million, while revenue of $106.17 million was -24.98% off the previous quarter. Analysts expected ATUS to announce $0.35 per share in earnings in its latest quarter, but it posted $0.19, representing a -45.70% surprise. EBITDA for the quarter stood at more than $933.33 million. ATUS stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 33.62 billion, with total debt at $26.6 billion. Shareholders hold equity totaling $454.67 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 24 January was 59.54% to suggest the stock is trending Neutral, with historical volatility in this time period at 28.55%.

The stock’s 5-day moving average is $4.73, reflecting a +2.13% or $0.10 change from its current price. ATUS is currently trading +15.11% above its 20-day SMA, -50.46% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +7.62% and SMA200 by-61.10%.

Stochastic %K and %D was 65.66% and 60.60% and the average true range (ATR) pointed at 0.22. The RSI (14) points at 56.77%, while the 14-day stochastic is at 64.58% with the period’s ATR at 0.24. The stock’s 9-day MACD Oscillator is pointing at 0.02 and 0.01 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Altice USA Inc. (NYSE: ATUS), TD Securities downgraded it to a Hold rating. They previously had a Buy rating on the stock.


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