The stock of Altice USA Inc. (NYSE:ATUS) decreased by -$0.06 on Tuesday to $3.39, down -1.59 percent. The last five days have seen an average of 2,422,969 shares of common stock traded. 7 times new highs were reached in the current year, with a fall of -$1.24. The average number of shares traded over the last 20 days was 4,102,742, while the average volume over the last 50 days totaled 4,855,831.
ATUS stock appreciated 15.87% since last month. On 07/17/23, the company’s shares reached a one-month low of $2.82. The stock touched a high of $11.75 on 02/02/23, after rallying from a low of $2.01 in 52 weeks. The price of ATUS stock has declined by -26.20% or -$1.24 this year, reaching a new high 7 times. Still, the stock price is down -71.11% from the 52-week high.
Insider Transactions
ATUS stock investors should be aware that Altice USA Inc. (ATUS) stock had its last reported insider trading activity 336 days ago on Sep 13. On Sep 13, Director Stewart Charles sold 31,560 shares at $9.99 each. This transaction resulted in the insider making $315,284.
Financial Health
For the three months ended June 29, Altice USA Inc.’s quick ratio was 0.20, while its current ratio was 0.20, indicating its inability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 67.00% percent. Altice USA Inc.’s EBITDA margin for the year ended June 29 was 38.88%, whereas its operating margin stood at 17.90% for the same period. Based on annual data, it had gross profit of $6.44 billion and revenue of $9.65 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ATUS’s return on assets (ROA) during the last 12 months has been 0.00%. There was a 5.80% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 1.00%.
Earnings Surprise
According to Altice USA Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $2.32 billion, while revenues fell by -5.97% to $2.29 billion. It was predicted that Altice USA Inc.’s quarterly earnings would be $0.17, but it ended up being $0.07, beating the consensus by 142.90%. EBITDA was $908.33 million for the quarter. At the end of Altice USA Inc.’s most recent quarter ended June 29, its liabilities totaled 32.51 billion, while its total debt was $25.39 billion. Equity owned by shareholders amounts to $454.73 million.
Technical Picture
Here’s a quick look at Altice USA Inc.’s (ATUS) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 49.61%, suggesting the stock is Neutral, with a 99.89% historical volatility rate.
The stochastic %K and %D were 48.05% and 50.51% respectively, while the average true range (ATR) was 0.25. Based on the 14-day stochastic reading of 40.26%, the RSI (14) reading is 51.81%. On the 9-day MACD Oscillator, the stock is at -0.04, and the 14-day reading is at 0.02.
Analyst Ratings
Altice USA Inc. (NYSE: ATUS) was downgraded by TD Securities to a a Hold rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned Altice USA Inc. (ATUS) an Hold rating. ATUS is a stock that is recommended for selling by 1 brokerage firm, while 14 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 0 rates it overweight and 6 others recommend it as a buy.
What is ATUS’s price target for the next 12 months?
The current consensus forecast for the stock is between $2.00 and $16.00, with a median target price of $4.00. In analyzing these forecasts, the average price target given by analysts for Altice USA Inc. (ATUS) is $4.61.
