On Monday, Altus Power Inc (NYSE: AMPS) was 9.97% up from the session before settling in for the closing price of $3.11. A 52-week range for AMPS has been $2.71 – $7.28.
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A company in the Utilities sector has jumped its sales by 31.42% annually for the last half of the decade. When this article was written, the company’s average yearly earnings per share was at 500.04%. With a float of $91.55 million, this company’s outstanding shares have now reached $159.00 million.
In an organization with 93 employees, it is important to assess its efficiency. 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 and Institutional Ownership
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Altus Power Inc stocks. The insider ownership of Altus Power Inc is 42.77%, while institutional ownership is 49.78%. 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) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 500.04% per share during the next fiscal year.
Altus Power Inc (NYSE: AMPS) Trading Performance Indicators
You can see what Altus Power Inc (AMPS) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 0.91. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.90.
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 -0.02 in one year’s time.
Technical Analysis of Altus Power Inc (AMPS)
Let’s dig in a bit further. During the last 5-days, its volume was 1.5 million. That was better than the volume of 1.07 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 45.49%. Additionally, its Average True Range was 0.27.
During the past 100 days, Altus Power Inc’s (AMPS) raw stochastic average was set at 37.57%, which indicates a significant decrease from 53.71% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 105.04% in the past 14 days, which was higher than the 82.62% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.29, while its 200-day Moving Average is $4.23. However, in the short run, Altus Power Inc’s stock first resistance to watch stands at $3.53. Second resistance stands at $3.64. The third major resistance level sits at $3.85. If the price goes on to break the first support level at $3.21, it is likely to go to the next support level at $3.00. The third support level lies at $2.89 if the price breaches the second support level.
Altus Power Inc (NYSE: AMPS) Key Stats
There are 160,787K outstanding shares of the company, which has a market capitalization of 500.50 million. As of now, sales total 155,160 K while income totals -9,360 K. Its latest quarter income was 52,460 K while its last quarter net income were 37,650 K.
