On Tuesday, Altus Power Inc (NYSE: AMPS) was unchanged from the session before settling in for the closing price of $3.81. A 52-week range for AMPS has been $2.71 – $7.28.
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Annual sales at Utilities sector company grew by 31.42% over the past five years. When this article was written, the company’s average yearly earnings per share was at 676.96%. With a float of $91.56 million, this company’s outstanding shares have now reached $159.99 million.
Let’s look at the performance matrix of the company that is accounted for 93 employees. In terms of profitability, gross margin is 50.96%, operating margin of 15.41%, and the pretax margin is -8.69%.
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 52.82%. 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 676.96% 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 0.60. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.28.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.21, a number that is poised to hit -0.05 in the next quarter and is forecasted to reach -0.01 in one year’s time.
Technical Analysis of Altus Power Inc (AMPS)
Altus Power Inc (NYSE: AMPS) saw its 5-day average volume 1.16 million, a positive change from its year-to-date volume of 1.08 million. As of the previous 9 days, the stock’s Stochastic %D was 29.44%. Additionally, its Average True Range was 0.24.
During the past 100 days, Altus Power Inc’s (AMPS) raw stochastic average was set at 63.66%, which indicates a significant increase from 22.28% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 51.20% in the past 14 days, which was lower than the 91.53% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.66, while its 200-day Moving Average is $3.93. Nevertheless, the first resistance level for the watch stands at $3.91 in the near term. At $4.02, the stock is likely to face the second major resistance level. The third major resistance level sits at $4.13. If the price goes on to break the first support level at $3.69, it is likely to go to the next support level at $3.58. The third support level lies at $3.47 if the price breaches the second support level.
Altus Power Inc (NYSE: AMPS) Key Stats
There are 160,796K outstanding shares of the company, which has a market capitalization of 609.60 million. As of now, sales total 155,160 K while income totals -9,360 K. Its latest quarter income was 58,680 K while its last quarter net income were 17,640 K.
