Altus Power Inc (NYSE: AMPS) kicked off on Friday, remained unchanged from the previous trading day, before settling in for the closing price of $4.87. Over the past 52 weeks, AMPS has traded in a range of $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. While this was happening, its average annual earnings per share was recorded 678.16%. With a float of $95.61 million, this company’s outstanding shares have now reached $159.99 million.
In an organization with 93 employees, it is important to assess its efficiency. 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
Our next focus will be how large-scale investors are participating in this stock of the Utilities – Renewable Industry. The insider ownership of Altus Power Inc is 40.24%, while institutional ownership is 52.94%. 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
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 678.16% per share during the next fiscal year.
Altus Power Inc (NYSE: AMPS) Trading Performance Indicators
Take a look at Altus Power Inc’s (AMPS) current performance indicators. Last quarter, 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 4.19.
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 -0.05 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 14.99 million. That was better than the volume of 3.85 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 78.47%. Additionally, its Average True Range was 0.30.
During the past 100 days, Altus Power Inc’s (AMPS) raw stochastic average was set at 97.74%, which indicates a significant increase from 96.93% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 121.35% in the past 14 days, which was higher than the 96.99% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $4.00, while its 200-day Moving Average is $3.78. However, in the short run, Altus Power Inc’s stock first resistance to watch stands at $4.88. Second resistance stands at $4.89. The third major resistance level sits at $4.90. If the price goes on to break the first support level at $4.86, it is likely to go to the next support level at $4.85. The third support level lies at $4.84 if the price breaches the second support level.
Altus Power Inc (NYSE: AMPS) Key Stats
The company with the Market Capitalisation of 779.20 million has total of 160,796K Shares Outstanding. Its annual sales at the moment are 155,160 K in contrast with the sum of -9,360 K annual income. Company’s last quarter sales were recorded 58,680 K and last quarter income was 17,640 K.
