A new trading day began on Tuesday, with Altair Engineering Inc (NASDAQ: ALTR) stock price up 8.50% from the previous day of trading, before settling in for the closing price of $102.00. ALTR’s price has ranged from $57.59 to $112.15 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Technology sector saw sales topped by 9.20%. Meanwhile, its annual earnings per share averaged 8.29%. With a float of $58.21 million, this company’s outstanding shares have now reached $84.89 million.
The extent of productivity of a business whose workforce counts for 3200 workers is very important to gauge. In terms of profitability, gross margin is 79.7%, operating margin of 3.44%, and the pretax margin is 5.82%.
Altair Engineering Inc (ALTR) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Software – Infrastructure Industry. The insider ownership of Altair Engineering Inc is 31.43%, while institutional ownership is 71.36%. The most recent insider transaction that took place on Oct 28 ’24, was worth 1,333,696. In this transaction Chief Executive Officer of this company sold 13,000 shares at a rate of $102.59, taking the stock ownership to the 0 shares. Before that another transaction happened on Oct 28 ’24, when Company’s 10% Owner sold 6,500 for $102.59, making the entire transaction worth $666,849. This insider now owns 0 shares in total.
Altair Engineering Inc (ALTR) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 8.29% per share during the next fiscal year.
Altair Engineering Inc (NASDAQ: ALTR) Trading Performance Indicators
Here are Altair Engineering Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 3.11. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 14.98. Likewise, its price to free cash flow for the trailing twelve months is 71.68.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.30, a number that is poised to hit 0.16 in the next quarter and is forecasted to reach 1.38 in one year’s time.
Technical Analysis of Altair Engineering Inc (ALTR)
The latest stats from [Altair Engineering Inc, ALTR] show that its last 5-days average volume of 1.03 million was superior to 0.48 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 62.86%. Additionally, its Average True Range was 4.19.
During the past 100 days, Altair Engineering Inc’s (ALTR) raw stochastic average was set at 93.45%, which indicates a significant increase from 87.78% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 48.97% in the past 14 days, which was higher than the 37.49% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $93.25, while its 200-day Moving Average is $89.30. Now, the first resistance to watch is $115.18. This is followed by the second major resistance level at $119.69. The third major resistance level sits at $126.26. If the price goes on to break the first support level at $104.10, it is likely to go to the next support level at $97.53. The third support level lies at $93.01 if the price breaches the second support level.
Altair Engineering Inc (NASDAQ: ALTR) Key Stats
With a market capitalization of 9.39 billion, the company has a total of 84,886K Shares Outstanding. Currently, annual sales are 612,700 K while annual income is -8,930 K. The company’s previous quarter sales were 148,800 K while its latest quarter income was -5,150 K.
