Altice USA Inc (NYSE: ATUS) on Friday, soared 4.10% from the previous trading day, before settling in for the closing price of $2.44. Within the past 52 weeks, ATUS’s price has moved between $1.52 and $3.66.
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It was noted that within the last five years, the titan of the Communication Services sector saw sales slided by -0.65%. The company achieved an average annual earnings per share of -1.72%. With a float of $204.86 million, this company’s outstanding shares have now reached $271.77 million.
The extent of productivity of a business whose workforce counts for 10600 workers is very important to gauge. In terms of profitability, gross margin is 54.44%, operating margin of 20.52%, and the pretax margin is -0.19%.
Altice USA Inc (ATUS) Insider and Institutional Ownership
Observing investor behavior towards Telecom Services industry stocks is more important than anything else. The insider ownership of Altice USA Inc is 55.52%, while institutional ownership is 45.40%.
Altice USA Inc (ATUS) Latest Financial update
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.15 earnings per share (EPS) for the period topping the consensus outlook (set at 0.06) by 0.09. 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 -1.72% per share during the next fiscal year.
Altice USA Inc (NYSE: ATUS) Trading Performance Indicators
Altice USA Inc (ATUS) is currently performing well based on its current performance indicators. A quick ratio of 0.46 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 0.13. Likewise, its price to free cash flow for the trailing twelve months is 3.39.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.13, a number that is poised to hit 0.04 in the next quarter and is forecasted to reach 0.09 in one year’s time.
Technical Analysis of Altice USA Inc (ATUS)
The latest stats from [Altice USA Inc, ATUS] show that its last 5-days average volume of 2.27 million was inferior to 3.41 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 71.61%. Additionally, its Average True Range was 0.13.
During the past 100 days, Altice USA Inc’s (ATUS) raw stochastic average was set at 87.18%, which indicates a significant decrease from 94.67% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 39.98% in the past 14 days, which was lower than the 69.92% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.19, while its 200-day Moving Average is $2.21. Now, the first resistance to watch is $2.59. This is followed by the second major resistance level at $2.63. The third major resistance level sits at $2.70. If the price goes on to break the first support level at $2.47, it is likely to go to the next support level at $2.40. The third support level lies at $2.35 if the price breaches the second support level.
Altice USA Inc (NYSE: ATUS) Key Stats
Market capitalization of the company is 1.17 billion based on 459,962K outstanding shares. Right now, sales total 9,237 M and income totals 53,200 K. The company made 2,241 M in profit during its latest quarter, and 15,360 K in sales during its previous quarter.
