A new trading day began on Monday, with Altice USA Inc (NYSE: ATUS) stock price down -4.05% from the previous day of trading, before settling in for the closing price of $2.47. ATUS’s price has ranged from $1.52 to $3.66 over the past 52 weeks.
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A company in the Communication Services sector has dropped its sales by -0.65% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged -119.84%. With a float of $196.52 million, this company’s outstanding shares have now reached $271.77 million.
In an organization with 10600 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 50.14%, operating margin of 20.19%, and the pretax margin is -1.89%.
Altice USA Inc (ATUS) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Telecom Services Industry. The insider ownership of Altice USA Inc is 57.39%, while institutional ownership is 51.99%. The most recent insider transaction that took place on Nov 15 ’24, was worth 19,728,062. In this transaction Director of this company sold 805,227 shares at a rate of $24.50, taking the stock ownership to the 26,782,593 shares. Before that another transaction happened on Nov 14 ’24, when Company’s Director sold 805,227 for $24.50, making the entire transaction worth $19,728,062. This insider now owns 27,587,820 shares in total.
Altice USA Inc (ATUS) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around -119.84% per share during the next fiscal year.
Altice USA Inc (NYSE: ATUS) Trading Performance Indicators
Here are Altice USA Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.41. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.11. Likewise, its price to free cash flow for the trailing twelve months is 3.44.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.37, a number that is poised to hit 0.04 in the next quarter and is forecasted to reach 0.00 in one year’s time.
Technical Analysis of Altice USA Inc (ATUS)
Let’s dig in a bit further. During the last 5-days, its volume was 4.13 million. That was better than the volume of 3.52 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 28.71%. Additionally, its Average True Range was 0.17.
During the past 100 days, Altice USA Inc’s (ATUS) raw stochastic average was set at 64.89%, which indicates a significant increase from 8.00% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 60.87% in the past 14 days, which was lower than the 69.85% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.41, while its 200-day Moving Average is $2.22. However, in the short run, Altice USA Inc’s stock first resistance to watch stands at $2.46. Second resistance stands at $2.55. The third major resistance level sits at $2.60. If the price goes on to break the first support level at $2.32, it is likely to go to the next support level at $2.27. Assuming the price breaks the second support level, the third support level stands at $2.18.
Altice USA Inc (NYSE: ATUS) Key Stats
With a market capitalization of 1.03 billion, the company has a total of 461,625K Shares Outstanding. Currently, annual sales are 9,237 M while annual income is 53,200 K. The company’s previous quarter sales were 2,228 M while its latest quarter income was -42,970 K.
