Altice USA Inc. (NYSE:ATUS) finished Friday with a subtraction of -$0.08 to close at $2.96, a downside of -2.63 percent. An average of 2,107,540 shares of common stock have been traded in the last five days. There was a fall of -$0.23 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 3,415,430 shares traded, while the 50-day average volume stands at 4,649,622.
ATUS stock has decreased by -10.03% in the last month. The company shares reached their 1-month lowest point of $2.95 on 08/25/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $2.01 and a high of $11.01 in 52 weeks. It has reached a new high 7 times so far this year and lost -35.65% or -$1.64 in price. In spite of this, the price is down -73.10% 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 347 days ago on Sep 13.
Valuation Metrics
Altice USA Inc. (ATUS) stock’s beta is 1.42. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.14.
Financial Health
The quick ratio of Altice USA Inc. for the recent quarter was 0.20, and the current ratio was 0.20, indicating that the company is not able to meet its debt obligations. Altice USA Inc.’s EBITDA margin is 38.88%, while its operating margin for the same period stands at 17.90%. Its gross profit as reported stood at $6.44 billion compared to revenue of $9.65 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Altice USA Inc.’s return on assets was 0.00%.
Earnings Surprise
For the recent quarter, Altice USA Inc. had $24.0 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $78.3 million in the quarter, while revenues of $25.87 million were shrunk -35.59%. Shareholders own equity worth $454.73 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Altice USA Inc. (ATUS) price momentum. RSI 9-day as of the close on 25 August was 32.63%, suggesting the stock is Neutral, with historical volatility in this time frame at 20.67%.
As of today, ATUS’s price is $3.03 -7.21% or -$0.23 from its 5-day moving average. ATUS is currently trading -14.45% lower than its 20-day SMA and -8.92% lower than its 100-day SMA. However, the stock’s current price level is +0.68% above the SMA50 and -36.89% below the SMA200.
The stochastic %K and %D were 5.12% and 4.69%, respectively, and the average true range (ATR) was 0.17. With the 14-day stochastic at 1.49% and the average true range at 0.20, the RSI (14) stands at 40.52%. The stock has reached -0.12 on the 9-day MACD Oscillator while the 14-day reading was at -0.22.
Analyst Ratings
TD Securities downgraded Altice USA Inc. (NYSE: ATUS) to a a Hold rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for Altice USA Inc. (ATUS) among analysts is Hold. According to current brokerage recommendations, 1 brokerage firm advise that investors sell ATUS, while 15 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 6 others rate it as a “buy”.
What is ATUS’s price target for the next 12 months?
Analysts predict a range of price targets between $2.00 and $16.00, with a median target of $3.50. Taking a look at these predictions, the average price target given by analysts for Altice USA Inc. (ATUS) stock is $4.52.
