A new trading day began on Friday, with Altus Power Inc (NYSE: AMPS) stock price up 2.31% from the previous day of trading, before settling in for the closing price of $3.47. AMPS’s price has ranged from $2.71 to $7.28 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Utilities sector was 31.42%. Meanwhile, its annual earnings per share averaged 676.96%. With a float of $91.56 million, this company’s outstanding shares have now reached $159.99 million.
Considering the fact that the conglomerate employs 93 people, you should pay attention to its efficiency factor. 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) Breakdown of a Key Holders of the stock
As we move forward, let’s examine how large-scale investors are investing in this stock of the Utilities – Renewable Industry. The insider ownership of Altus Power Inc is 42.77%, while institutional ownership is 52.77%. 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) Recent Fiscal highlights
Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.05 per share during the current fiscal year.
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
Here are Altus Power Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.60. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.12.
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)
Compared to the last year’s volume of 1.1 million, its volume of 2.06 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 11.19%. Additionally, its Average True Range was 0.25.
During the past 100 days, Altus Power Inc’s (AMPS) raw stochastic average was set at 48.61%, which indicates a significant increase from 20.93% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 49.27% in the past 14 days, which was lower than the 92.03% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.70, while its 200-day Moving Average is $3.88. Nevertheless, the first resistance level for the watch stands at $3.62 in the near term. At $3.68, the stock is likely to face the second major resistance level. The third major resistance level sits at $3.81. If the price goes on to break the first support level at $3.43, it is likely to go to the next support level at $3.30. Now, if the price goes above the second support level, the third support stands at $3.24.
Altus Power Inc (NYSE: AMPS) Key Stats
With a market capitalization of 581.10 million, the company has a total of 160,796K Shares Outstanding. Currently, annual sales are 155,160 K while annual income is -9,360 K. The company’s previous quarter sales were 58,680 K while its latest quarter income was 17,640 K.
