As of Friday close, Altice USA Inc.’s (NYSE:ATUS) stock was up $0.02, moving up 0.55 percent to $3.64. The average number of shares traded per day over the past five days has been 6,016,220 shares. 3 times new highs have been achieved over the past 5 days, with a $0.18 gain in that time frame. In the last twenty days, the average volume was 4,499,305, while in the previous 50 days, it was 4,997,768.
Since last month, ATUS stock rose 15.19%. Shares of the company fell to $2.82 on 07/17/23, the lowest level in the past month. A 52-week high of $12.28 was reached on 02/02/23 after having rallying from a 52-week low of $2.01. Since the beginning of this year, ATUS’s stock price has dropped by -20.87% or -$0.96, and marked a new high 7 times. However, the stock has declined by -70.36% since its 52-week high.
ATUS stock investors should be aware that Altice USA Inc. (ATUS) stock had its last reported insider trading activity 326 days ago on Sep 13. Stewart Charles, the Director of the company, disposed of 31,560 shares for $9.99 on Sep 13. It resulted in a $315,284 divestment by the insider.
Valuation Metrics
Right now, Altice USA Inc. (ATUS) has a P/E ratio of about 70.00. The stock’s beta is 1.40.
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 66.90% percent. In the year ended June 29, EBITDA margin amounted to 38.88%, whereas operating margins totaled 18.10%. Based on annual data, ATUS earned $6.44 billion in gross profit and brought in $9.65 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 5.80%. Return on equity (ROE) for the past 12 months was -5.60%.
In Altice USA Inc.’s quarter-end financial report for June 29, it reported total debt of $24.0 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. ATUS’s revenue fell -5.97% to $2.29 billion during the quarter, while net income inched up to $2.32 billion. While analysts expected Altice USA Inc. to report $0.07 quarterly earnings, the actual figure was $0.17 per share, beating the consensus estimate by 142.90%. During the quarter, the company generated $908.33 million in EBITDA. The liabilities of Altice USA Inc. were 32.51 billion at the end of its most recent quarter ended June 29, and its total debt was $25.28 billion. The value of shareholders’ equity is $454.73 million.
Technical Picture
This quick technical analysis looks at Altice USA Inc.’s (ATUS) price momentum. With a historical volatility rate of 107.64%, the RSI 9-day stood at 62.92% on 04 August.
With respect to its five-day moving average, the current Altice USA Inc. price is up by +5.20% percent or $0.18. At present, ATUS shares trade +9.31% above its 20-day simple moving average and +2.54% percent above its 100-day simple moving average. However, the stock is currently trading approximately +36.33% above its SMA50 and -35.12% below its SMA200.
Stochastic coefficient K was 69.49% and Stochastic coefficient D was 61.15%, while ATR was 0.28. Given the Stochastic reading of 81.25% for the 14-day period, the RSI (14) reading has been calculated as 60.71%. As of today, the MACD Oscillator reading stands at 0.09, while the 14-day reading stands at 0.10.
Analyst Ratings
Altice USA Inc. downgraded its rating on Altice USA Inc. (NYSE: ATUS) to a Hold in a note to investors on January 23, 2023. The analysts firm previously had a Buy rating on the stock.Altice USA Inc. (ATUS) has been rated Hold by analysts. According to 1 brokerage firm, ATUS is a sell, and 17 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate Altice USA Inc. stock as buy, with 6 recommending it as overweight.
With a median target price of $3.05, the current consensus forecast for the stock is $2.00 – $16.00. Based on these forecasts, analysts predict Altice USA Inc. (ATUS) will achieve an average price target of $4.37.
