Altus Power Inc (NYSE: AMPS) on Tuesday, soared 0.99% from the previous trading day, before settling in for the closing price of $3.03. Within the past 52 weeks, AMPS’s price has moved between $2.80 and $7.28.
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It was noted that within the last five years, the titan of the Utilities sector saw sales topped by 31.42%. The company achieved an average annual earnings per share of 542.86%. With a float of $91.55 million, this company’s outstanding shares have now reached $159.00 million.
The extent of productivity of a business whose workforce counts for 93 workers is very important to gauge. In terms of profitability, gross margin is 49.45%, operating margin of 14.05%, and the pretax margin is -8.6%.
Altus Power Inc (AMPS) Insider and Institutional Ownership
Observing investor behavior towards Utilities – Renewable industry stocks is more important than anything else. The insider ownership of Altus Power Inc is 42.77%, while institutional ownership is 49.66%. The most recent insider transaction that took place on Jun 07 ’24, was worth 136,215. In this transaction CO-FOUNDER, CEO & PRESIDENT of this company bought 34,139 shares at a rate of $3.99, taking the stock ownership to the 12,044,603 shares. Before that another transaction happened on Jun 04 ’24, when Company’s CO-FOUNDER, CEO & PRESIDENT bought 25,000 for $3.99, making the entire transaction worth $99,750. This insider now owns 12,010,464 shares in total.
Altus Power Inc (AMPS) Latest Financial update
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.03 earnings per share (EPS) for the period falling under the consensus outlook (set at 0.04) by -0.01. 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 542.86% per share during the next fiscal year.
Altus Power Inc (NYSE: AMPS) Trading Performance Indicators
Altus Power Inc (AMPS) is currently performing well based on its current performance indicators. A quick ratio of 0.91 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.84.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.14, a number that is poised to hit 0.04 in the next quarter and is forecasted to reach 0.01 in one year’s time.
Technical Analysis of Altus Power Inc (AMPS)
The latest stats from [Altus Power Inc, AMPS] show that its last 5-days average volume of 0.67 million was inferior to 1.06 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 13.70%. Additionally, its Average True Range was 0.18.
During the past 100 days, Altus Power Inc’s (AMPS) raw stochastic average was set at 14.68%, which indicates a significant increase from 11.97% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 61.32% in the past 14 days, which was lower than the 65.61% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.25, while its 200-day Moving Average is $4.56. Now, the first resistance to watch is $3.13. This is followed by the second major resistance level at $3.19. The third major resistance level sits at $3.26. If the price goes on to break the first support level at $2.99, it is likely to go to the next support level at $2.92. The third support level lies at $2.86 if the price breaches the second support level.
Altus Power Inc (NYSE: AMPS) Key Stats
Market capitalization of the company is 489.57 million based on 160,672K outstanding shares. Right now, sales total 155,160 K and income totals -9,360 K. The company made 52,460 K in profit during its latest quarter, and 37,650 K in sales during its previous quarter.
