A new trading day began on Tuesday, with Altus Power Inc (NYSE: AMPS) stock price down -3.60% from the previous day of trading, before settling in for the closing price of $3.61. AMPS’s price has ranged from $2.71 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. Meanwhile, its annual earnings per share averaged 562.54%. With a float of $91.55 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. 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 49.46%. 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
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 0.03 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). 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 562.54% 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 3.23.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.14, a number that is poised to hit 0.03 in the next quarter and is forecasted to reach -0.01 in one year’s time.
Technical Analysis of Altus Power Inc (AMPS)
Altus Power Inc (NYSE: AMPS) saw its 5-day average volume 1.46 million, a positive change from its year-to-date volume of 1.07 million. As of the previous 9 days, the stock’s Stochastic %D was 80.37%. Additionally, its Average True Range was 0.21.
During the past 100 days, Altus Power Inc’s (AMPS) raw stochastic average was set at 40.74%, which indicates a significant decrease from 71.96% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 114.45% in the past 14 days, which was higher than the 75.18% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.18, while its 200-day Moving Average is $4.39. Nevertheless, the first resistance level for the watch stands at $3.58 in the near term. At $3.68, the stock is likely to face the second major resistance level. The third major resistance level sits at $3.77. If the price goes on to break the first support level at $3.39, it is likely to go to the next support level at $3.30. Assuming the price breaks the second support level, the third support level stands at $3.20.
Altus Power Inc (NYSE: AMPS) Key Stats
With a market capitalization of 556.77 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.
