A new trading day began on Tuesday, with Altice USA Inc (NYSE: ATUS) stock price down -1.95% from the previous day of trading, before settling in for the closing price of $2.56. ATUS’s price has ranged from $1.52 to $3.66 over the past 52 weeks.
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Communication Services Sector giant saw their annual sales slid by -0.65% over the last five years. Meanwhile, its annual earnings per share averaged -134.12%. With a float of $200.56 million, this company’s outstanding shares have now reached $271.77 million.
The firm has a total of 10600 workers. Let’s measure their productivity. 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 Activity
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 56.51%, while institutional ownership is 51.97%. The most recent insider transaction that took place on Nov 25 ’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 21,951,231 shares. Before that another transaction happened on Nov 22 ’24, when Company’s Director sold 805,227 for $24.50, making the entire transaction worth $19,728,062. This insider now owns 22,756,458 shares in total.
Altice USA Inc (ATUS) Earnings and Forecasts
In its latest quarterly report, released on 9/30/2024, the company reported earnings of -0.26 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.03 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -134.12% 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 0.13. Likewise, its price to free cash flow for the trailing twelve months is 3.85.
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 0.01 in one year’s time.
Technical Analysis of Altice USA Inc (ATUS)
Analysing the last 5-days average volume posted by the [Altice USA Inc, ATUS], we can find that recorded value of 3.54 million was better than the volume posted last year of 3.51 million. As of the previous 9 days, the stock’s Stochastic %D was 49.76%. Additionally, its Average True Range was 0.15.
During the past 100 days, Altice USA Inc’s (ATUS) raw stochastic average was set at 75.57%, which indicates a significant increase from 37.25% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 53.83% in the past 14 days, which was lower than the 70.28% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.46, while its 200-day Moving Average is $2.23. Now, the first resistance to watch is $2.58. This is followed by the second major resistance level at $2.64. The third major resistance level sits at $2.68. If the price goes on to break the first support level at $2.48, it is likely to go to the next support level at $2.44. Should the price break the second support level, the third support level stands at $2.38.
Altice USA Inc (NYSE: ATUS) Key Stats
With a market capitalization of 1.16 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.
