Altus Power Inc. (NYSE:AMPS) finished Friday with an addition of $0.38 to close at $6.37, an upside of 6.34 percent. An average of 815,840 shares of common stock have been traded in the last five days. There was a gain of $0.06 in the past week, and it reached a new high 7 times over the past 12 months. The last 20 days have seen an average of 1,013,020 shares traded, while the 50-day average volume stands at 1,252,098.
AMPS stock has decreased by -1.55% in the last month. The company shares reached their 1-month lowest point of $5.63 on 08/14/23. With the stock rallying to its 52-week high on 01/12/23, shares of the company touched a low of $4.08 and a high of $14.72 in 52 weeks. It has reached a new high 6 times so far this year and lost -2.30% or -$0.15 in price. In spite of this, the price is down -56.71% from the 52-week high.
Insider Transactions
AMPS stock investors should be aware that Altus Power Inc. (AMPS) stock had its last reported insider trading activity 73 days ago on Jun 14. In this transaction, the insider spent $1,228,410. COFOUNDER,CHIEF CONST. OFFICER, Savino Anthony, disposed of 25,000 shares at a price of $5.36 on Jun 14. The insider now owns more than $134,075 worth of shares. Prior to that, COFOUNDER,CHIEF CONST. OFFICER Savino Anthony went on to Sale 25,000 shares at $5.62 each on Jun 13. An amount of $140,445 was transacted.
Valuation Metrics
Altus Power Inc. (AMPS) stock’s beta is 0.80. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 7.44, the price-to-book (PB) ratio at 2.26.
Financial Health
The quick ratio of Altus Power Inc. for the three months ended June 29 was 1.10, and the current ratio was 1.10, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.96 and a total debt to equity ratio of 2.03 for the quarter ending June 29. Altus Power Inc.’s EBITDA margin for the year ending June 29 is 48.64%, while its operating margin for the same period stands at 16.90%. Its gross profit as reported stood at $83.63 million compared to revenue of $101.16 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 -1.20%.
Earnings Surprise
For the three-month period that ended June 29, Altus Power Inc. had $878.47 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 $6.83 million in the quarter, while revenues of $5.62 million were shrunk -253.15%. The analyst consensus anticipated Altus Power Inc.’s latest quarter earnings to come in at $0.03 per share, but it turned out to be $0.04, a 33.30% surprise. For the quarter, EBITDA amounted to $25.9 million. Shareholders own equity worth $160.0 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 25 August was 56.62%, suggesting the stock is Neutral, with historical volatility in this time frame at 65.40%.
As of today, AMPS’s price is $6.18 +0.95% or $0.06 from its 5-day moving average. AMPS is currently trading -3.34% lower than its 20-day SMA and +19.96% higher than its 100-day SMA. However, the stock’s current price level is +18.62% above the SMA50 and -17.06% below the SMA200.
The stochastic %K and %D were 53.77% and 51.05%, respectively, and the average true range (ATR) was 0.32. With the 14-day stochastic at 69.81% and the average true range at 0.32, the RSI (14) stands at 54.95%. The stock has reached 0.04 on the 9-day MACD Oscillator while the 14-day reading was at 0.06.
Analyst Ratings
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 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 6 others rate it as a “buy”.
What is AMPS’s price target for the next 12 months?
Analysts predict a range of price targets between $8.50 and $11.00, with a median target of $10.00. Taking a look at these predictions, the average price target given by analysts for Altus Power Inc. (AMPS) stock is $9.92.
