Altus Power Inc (NYSE: AMPS) on Monday, soared 5.99% from the previous trading day, before settling in for the closing price of $3.34. Within the past 52 weeks, AMPS’s price has moved between $2.71 and $7.28.
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During the last 5-year period, the sales growth of Utilities Sector giant was 31.42%. The company achieved an average annual earnings per share of 562.54%. With a float of $91.55 million, this company’s outstanding shares have now reached $159.00 million.
Let’s determine the extent of company efficiency that accounts 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 Activity
Observing investor behavior towards Utilities – Renewable industry stocks is more important than anything else. The insider ownership of Altus Power Inc is 42.77%, while institutional ownership is 49.54%. 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) Earnings and Forecasts
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
Altus Power Inc (AMPS) is currently performing well based on its current performance indicators. A quick ratio of 0.91 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 3.19.
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)
Looking closely at Altus Power Inc (NYSE: AMPS), its last 5-days average volume was 0.8 million, which is a drop from its year-to-date volume of 1.06 million. As of the previous 9 days, the stock’s Stochastic %D was 24.37%. Additionally, its Average True Range was 0.22.
During the past 100 days, Altus Power Inc’s (AMPS) raw stochastic average was set at 43.92%, which indicates a significant decrease from 45.71% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 110.50% in the past 14 days, which was higher than the 76.54% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.27, while its 200-day Moving Average is $4.29. However, in the short run, Altus Power Inc’s stock first resistance to watch stands at $3.67. Second resistance stands at $3.79. The third major resistance level sits at $3.94. 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 $3.24. Should the price break the second support level, the third support level stands at $3.12.
Altus Power Inc (NYSE: AMPS) Key Stats
Market capitalization of the company is 549.90 million based on 160,787K outstanding shares. Right now, sales total 155,160 K and income totals -9,360 K. The company made 52,460 K in profit during its latest quarter, and 37,650 K in sales during its previous quarter.
