Altus Power Inc (NYSE:AMPS) finished Friday with an addition of $0.25 to close at $5.25, an upside of 5.00 percent. An average of 1,301,440 shares of common stock have been traded in the last five days. There was a fall of -$0.22 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 1,246,205 shares traded, while the 50-day average volume stands at 1,087,150.
AMPS stock has decreased by -17.71% in the last month. The company shares reached their 1-month lowest point of $4.98 on 09/28/23. 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 $12.01 in 52 weeks. It has reached a new high 6 times so far this year and lost -19.48% or -$1.27 in price. In spite of this, the price is down -56.29% 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 36 days ago on Aug 25. In this transaction, the insider spent $152,968. COFOUNDER,CHIEF CONST. OFFICER, Savino Anthony, disposed of 25,000 shares at a price of $6.02 on Aug 24. The insider now owns more than $150,518 worth of shares. Prior to that, COFOUNDER,CHIEF CONST. OFFICER Savino Anthony went on to Sale 25,000 shares at $6.22 each on Aug 23. An amount of $155,592 was transacted.
Valuation Metrics
Altus Power Inc (AMPS) stock’s beta is 0.87. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 6.27, the price-to-book (PB) ratio at 1.86.
Financial Health
The quick ratio of Altus Power Inc for the recent quarter was 1.09, and the current ratio was 1.09, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 2.31 and a total debt to equity ratio of 2.39 for the recent quarter. Its gross profit as reported stood at $83.63 million compared to revenue of $101.16 million.
Earnings Surprise
For the recent quarter, 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%. 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 29 September was 32.31%, suggesting the stock is Neutral, with historical volatility in this time frame at 50.74%.
As of today, AMPS’s price is $5.28 -4.02% or -$0.22 from its 5-day moving average. AMPS is currently trading -18.73% lower than its 20-day SMA and +17.98% higher than its 100-day SMA. However, the stock’s current price level is -19.72% below the SMA50 and -15.73% below the SMA200.
The stochastic %K and %D were 12.57% and 8.84%, respectively, and the average true range (ATR) was 0.28. With the 14-day stochastic at 20.93% and the average true range at 0.28, the RSI (14) stands at 34.85%. The stock has reached -0.26 on the 9-day MACD Oscillator while the 14-day reading was at -0.47.
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 $12.00, 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 $10.25.
