On Friday, Altair Engineering Inc (NASDAQ: ALTR) opened higher 0.01% from the last session, before settling in for the closing price of $103.99. Price fluctuations for ALTR have ranged from $57.59 to $113.12 over the past 52 weeks.
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During the last 5-year period, the sales growth of Technology Sector giant was 9.20%. Company’s average yearly earnings per share was noted 15.10% at the time writing. With a float of $58.65 million, this company’s outstanding shares have now reached $85.21 million.
Let’s determine the extent of company efficiency that accounts for 3200 employees. In terms of profitability, gross margin is 81.29%, operating margin of 4.55%, and the pretax margin is 8.15%.
Altair Engineering Inc (ALTR) Insider Activity
A key investor’s attitude towards the stock of the Software – Infrastructure industry is another important factor to consider. The insider ownership of Altair Engineering Inc is 31.17%, while institutional ownership is 71.09%. 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) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 15.10% per share during the next fiscal year.
Altair Engineering Inc (NASDAQ: ALTR) Trading Performance Indicators
Check out the current performance indicators for Altair Engineering Inc (ALTR). In the past quarter, the stock posted a quick ratio of 3.25. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 13.75. Likewise, its price to free cash flow for the trailing twelve months is 70.25.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.38, a number that is poised to hit 0.51 in the next quarter and is forecasted to reach 1.41 in one year’s time.
Technical Analysis of Altair Engineering Inc (ALTR)
Looking closely at Altair Engineering Inc (NASDAQ: ALTR), its last 5-days average volume was 2.39 million, which is a jump from its year-to-date volume of 0.52 million. As of the previous 9 days, the stock’s Stochastic %D was 61.13%. Additionally, its Average True Range was 3.92.
During the past 100 days, Altair Engineering Inc’s (ALTR) raw stochastic average was set at 75.62%, which indicates a significant increase from 54.51% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 55.02% in the past 14 days, which was higher than the 35.93% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $94.30, while its 200-day Moving Average is $89.61. However, in the short run, Altair Engineering Inc’s stock first resistance to watch stands at $104.36. Second resistance stands at $104.72. The third major resistance level sits at $104.97. If the price goes on to break the first support level at $103.75, it is likely to go to the next support level at $103.49. Should the price break the second support level, the third support level stands at $103.13.
Altair Engineering Inc (NASDAQ: ALTR) Key Stats
There are currently 84,886K shares outstanding in the company with a market cap of 8.86 billion. Presently, the company’s annual sales total 612,700 K according to its annual income of -8,930 K. Last quarter, the company’s sales amounted to 148,800 K and its income totaled -5,150 K.
