A new trading day began on Friday, with Altus Power Inc (NYSE: AMPS) stock price up 9.82% from the previous day of trading, before settling in for the closing price of $2.75. AMPS’s price has ranged from $2.74 to $7.28 over the past 52 weeks.
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A company in the Utilities sector has jumped its sales by 31.42% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 542.86%. With a float of $91.55 million, this company’s outstanding shares have now reached $159.00 million.
In an organization with 93 employees, it is important to assess its efficiency. 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 Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Utilities – Renewable Industry. 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) Performance Highlights and Predictions
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
Here are Altus Power Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.91. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.80.
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)
Let’s dig in a bit further. During the last 5-days, its volume was 0.87 million. That was inferior than the volume of 1.06 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 24.43%. Additionally, its Average True Range was 0.19.
During the past 100 days, Altus Power Inc’s (AMPS) raw stochastic average was set at 16.40%, which indicates a significant decrease from 41.06% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 76.00% in the past 14 days, which was higher than the 68.54% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.17, while its 200-day Moving Average is $4.50. However, in the short run, Altus Power Inc’s stock first resistance to watch stands at $3.13. Second resistance stands at $3.24. The third major resistance level sits at $3.45. If the price goes on to break the first support level at $2.81, it is likely to go to the next support level at $2.60. Assuming the price breaks the second support level, the third support level stands at $2.49.
Altus Power Inc (NYSE: AMPS) Key Stats
With a market capitalization of 483.17 million, the company has a total of 160,672K Shares Outstanding. Currently, annual sales are 155,160 K while annual income is -9,360 K. The company’s previous quarter sales were 52,460 K while its latest quarter income was 37,650 K.
