As of Thursday close, Altus Power Inc.’s (NYSE:AMPS) stock was down -$0.3, moving down -5.16 percent to $5.51. The average number of shares traded per day over the past five days has been 2,013,960 shares. 3 times new highs have been achieved over the past 5 days, with a -$0.54 fall in that time frame. In the last twenty days, the average volume was 1,186,020, while in the previous 50 days, it was 1,117,060.
Since last month, AMPS stock retreated -10.84%. Shares of the company fell to $5.47 on 09/21/23, the lowest level in the past month. A 52-week high of $14.72 was reached on 01/12/23 after having rallying from a 52-week low of $4.08. Since the beginning of this year, AMPS’s stock price has dropped by -15.49% or -$1.01, and marked a new high 6 times. However, the stock has declined by -62.56% since its 52-week high.
AMPS stock investors should be aware that Altus Power Inc. (AMPS) stock had its last reported insider trading activity 28 days ago on Aug 25. Savino Anthony, the COFOUNDER,CHIEF CONST. OFFICER of the company, disposed of 25,000 shares for $6.12 on Aug 25. It resulted in a $152,968 divestment by the insider. Savino Anthony sold 25,000 shares at an average price of $6.02 on Aug 24. The insider now owns 3,967,261 shares following the transaction. On Aug 23, COFOUNDER,CHIEF CONST. OFFICER Savino Anthony sold 25,000 shares at $6.22 apiece. The transaction was valued at $155,592.
Valuation Metrics
The stock’s beta is 0.78. Besides these, the trailing price-to-sales (P/S) ratio of 6.62, the price-to-book (PB) ratio of 1.95.
Financial Health
In the recent quarter, Altus Power Inc.’s quick ratio stood at 1.10, while its current ratio was 1.10, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the recent quarter was 1.96, and the total debt-to-equity ratio was 2.03. On the profitability front, the trailing twelve-month gross margin is 82.90% percent. In the recent year, EBITDA margin amounted to 48.64%, whereas operating margins totaled 16.90%. Based on annual data, AMPS earned $83.63 million in gross profit and brought in $101.16 million 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 1.40%. Return on equity (ROE) for the past 12 months was -4.20%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. AMPS’s revenue rose 46.76% to $29.38 million during the quarter, while net income inched up to $46.51 million. During the quarter, the company generated $25.9 million in EBITDA. The liabilities of Altus Power Inc. were 1.25 billion at the end of its most recent quarter, and its total debt was $1.07 billion. The value of shareholders’ equity is $160.0 million.
Technical Picture
This quick technical analysis looks at Altus Power Inc.’s (AMPS) price momentum. With a historical volatility rate of 49.43%, the RSI 9-day stood at 26.08% on 21 September.
With respect to its five-day moving average, the current Altus Power Inc. price is down by -8.93% percent or -$0.54. At present, AMPS shares trade -11.70% below its 20-day simple moving average and +21.37% percent above its 100-day simple moving average. However, the stock is currently trading approximately -9.23% below its SMA50 and -21.84% below its SMA200.
Stochastic coefficient K was 6.13% and Stochastic coefficient D was 7.00%, while ATR was 0.29. Given the Stochastic reading of 3.33% for the 14-day period, the RSI (14) reading has been calculated as 33.95%. As of today, the MACD Oscillator reading stands at -0.19, while the 14-day reading stands at -0.34.
Analyst Ratings
Altus Power Inc. (AMPS) has been rated Buy by analysts. According to 0 brokerage firms, AMPS is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Altus Power Inc. stock as buy, with 6 recommending it as overweight.
With a median target price of $10.00, the current consensus forecast for the stock is $8.50 – $12.00. Based on these forecasts, analysts predict Altus Power Inc. (AMPS) will achieve an average price target of $10.25.
