Altice USA Inc (ATUS) 20 Days SMA touches -8.21%: The odds favor the bear

Altice USA Inc (NYSE: ATUS) kicked off on November 20, 2023, at the price of $2.28, up 4.41% from the previous trading day. During the day, the shares moved up to $2.40 and dropped to $2.23 before settling in for the closing price of $2.27. Over the past 52 weeks, ATUS has traded in a range of $2.01-$5.57.

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During the last 5-year period, the sales growth of Communication Services Sector giant was 0.76%. While this was happening, its average annual earnings per share was recorded 13.00%. With a float of $344.36 million, this company’s outstanding shares have now reached $639.09 million.

Let’s determine the extent of company efficiency that accounts for 11000 employees. In terms of profitability, gross margin is +48.39, operating margin of +20.03, and the pretax margin is +5.36.

Altice USA Inc (ATUS) Insider Activity

Our next focus will be how large-scale investors are participating in this stock of the Telecom Services Industry. The insider ownership of Altice USA Inc is 46.12%, while institutional ownership is 36.32%.

Altice USA Inc (ATUS) Earnings and Forecasts

In the latest quarterly report, which was put into the public domain on 9/29/2023, the organization reported $0.15 earnings per share (EPS), higher than consensus estimate (set at $0.06) by $0.09. This company achieved a net margin of +2.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.04 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 13.00% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 6.40% during the next five years compared to -27.52% drop over the previous five years of trading.

Altice USA Inc (NYSE: ATUS) Trading Performance Indicators

Take a look at Altice USA Inc’s (ATUS) current performance indicators. Last quarter, stock had a quick ratio of 0.26. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.16.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.05, a number that is poised to hit 0.06 in the next quarter and is forecasted to reach 0.36 in one year’s time.

Technical Analysis of Altice USA Inc (ATUS)

Looking closely at Altice USA Inc (NYSE: ATUS), its last 5-days average volume was 4.18 million, which is a jump from its year-to-date volume of 4.02 million. As of the previous 9 days, the stock’s Stochastic %D was 41.28%. Additionally, its Average True Range was 0.21.

During the past 100 days, Altice USA Inc’s (ATUS) raw stochastic average was set at 18.99%, which indicates a significant decrease from 28.81% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 117.73% in the past 14 days, which was higher than the 76.24% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $2.91, while its 200-day Moving Average is $3.16. However, in the short run, Altice USA Inc’s stock first resistance to watch stands at $2.44. Second resistance stands at $2.50. The third major resistance level sits at $2.61. If the price goes on to break the first support level at $2.27, it is likely to go to the next support level at $2.16. Should the price break the second support level, the third support level stands at $2.10.

Altice USA Inc (NYSE: ATUS) Key Stats

The company with the Market Capitalisation of 1.51 billion has total of 454,763K Shares Outstanding. Its annual sales at the moment are 9,648 M in contrast with the sum of 194,560 K annual income. Company’s last quarter sales were recorded 2,317 M and last quarter income was 66,840 K.


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