On Tuesday, Altus Power Inc (NYSE: AMPS) opened lower -0.21% from the last session ,before settling in for the closing price of $4.81. Price fluctuations for AMPS have ranged from $4.08 to $7.28 over the past 52 weeks.
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Annual sales at Utilities sector company grew by 31.42% over the past five years. Company’s average yearly earnings per share was noted 46.10% at the time writing. With a float of $77.99 million, this company’s outstanding shares have now reached $159.00 million.
Let’s look at the performance matrix of the company that is accounted for 93 employees.
Altus Power Inc (AMPS) Insider Updates
A key investor’s attitude towards the stock of the Utilities – Renewable industry is another important factor to consider. The insider ownership of Altus Power Inc is 50.97%, while institutional ownership is 47.08%. The most recent insider transaction that took place on Mar 28 ’24, was worth 59,750. In this transaction CO-FOUNDER CO-CEO CO-PRESIDENT of this company bought 12,500 shares at a rate of $4.78, taking the stock ownership to the 11,894,603 shares. Before that another transaction happened on Mar 01 ’24, when Company’s CO-FOUNDER CO-CEO CO-PRESIDENT sold 40,000 for $6.86, making the entire transaction worth $274,520. This insider now owns 21,614,907 shares in total.
Altus Power Inc (AMPS) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 12/30/2023, the company posted -$0.17 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at -$0.01) by -$0.16. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.03 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 46.10% per share during the next fiscal year.
Altus Power Inc (NYSE: AMPS) Trading Performance Indicators
Check out the current performance indicators for Altus Power Inc (AMPS). In the past quarter, the stock posted a quick ratio of 2.15. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.92.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.06, a number that is poised to hit -0.05 in the next quarter and is forecasted to reach 0.21 in one year’s time.
Technical Analysis of Altus Power Inc (AMPS)
Altus Power Inc (NYSE: AMPS) saw its 5-day average volume 0.75 million, a negative change from its year-to-date volume of 1.06 million. As of the previous 9 days, the stock’s Stochastic %D was 59.51%. Additionally, its Average True Range was 0.30.
During the past 100 days, Altus Power Inc’s (AMPS) raw stochastic average was set at 16.50%, which indicates a significant decrease from 64.79% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 55.37% in the past 14 days, which was lower than the 78.80% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $5.80, while its 200-day Moving Average is $5.78. Nevertheless, the first resistance level for the watch stands at $4.88 in the near term. At $4.96, the stock is likely to face the second major resistance level. The third major resistance level sits at $5.03. If the price goes on to break the first support level at $4.74, it is likely to go to the next support level at $4.67. Assuming the price breaks the second support level, the third support level stands at $4.59.
Altus Power Inc (NYSE: AMPS) Key Stats
There are currently 159,081K shares outstanding in the company with a market cap of 763.58 million. Presently, the company’s annual sales total 155,160 K according to its annual income of -9,360 K. Last quarter, the company’s sales amounted to 34,190 K and its income totaled -27,130 K.
