Investors must take note of Altice USA Inc’s (ATUS) performance last week, which was -0.40%.

Altice USA Inc (NYSE: ATUS) kicked off on Tuesday, down -3.47% from the previous trading day, before settling in for the closing price of $2.59. Over the past 52 weeks, ATUS has traded in a range of $1.75-$3.82.

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Annual sales at Communication Services sector company slipped by -0.65% over the past five years. While this was happening, its average annual earnings per share was recorded 89.51%. With a float of $202.22 million, this company’s outstanding shares have now reached $271.77 million.

Let’s look at the performance matrix of the company that is accounted for 10600 employees.

Altice USA Inc (ATUS) Insider and Institutional Ownership

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 55.67%, while institutional ownership is 51.30%.

Altice USA Inc (ATUS) Latest Financial update

In the latest quarterly report, which was put into the public domain on 12/30/2023, the organization reported -$0.26 earnings per share (EPS), lower than consensus estimate (set at $0.07) by -$0.33. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.06 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 89.51% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -0.20% during the next five years compared to 35.28% growth 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 0.36. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.12. Likewise, its price to free cash flow for the trailing twelve months is 9.38.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.12, a number that is poised to hit 0.00 in the next quarter and is forecasted to reach 0.22 in one year’s time.

Technical Analysis of Altice USA Inc (ATUS)

Altice USA Inc (NYSE: ATUS) saw its 5-day average volume 1.79 million, a negative change from its year-to-date volume of 4.52 million. As of the previous 9 days, the stock’s Stochastic %D was 34.95%. Additionally, its Average True Range was 0.19.

During the past 100 days, Altice USA Inc’s (ATUS) raw stochastic average was set at 39.43%, which indicates a significant increase from 27.08% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 57.59% in the past 14 days, which was lower than the 103.01% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $2.47, while its 200-day Moving Average is $2.78. Nevertheless, the first resistance level for the watch stands at $2.60 in the near term. At $2.70, the stock is likely to face the second major resistance level. The third major resistance level sits at $2.82. If the price goes on to break the first support level at $2.38, it is likely to go to the next support level at $2.27. The third support level lies at $2.17 if the price breaches the second support level.

Altice USA Inc (NYSE: ATUS) Key Stats

The company with the Market Capitalisation of 1.14 billion has total of 456,117K Shares Outstanding. Its annual sales at the moment are 9,237 M in contrast with the sum of 53,200 K annual income. Company’s last quarter sales were recorded 2,302 M and last quarter income was -117,810 K.