Let’s look at the key reasons that are pushing Altus Power Inc (AMPS) to new highs

Altus Power Inc (NYSE: AMPS) kicked off on Tuesday, remained unchanged from the previous trading day, before settling in for the closing price of $4.94. Over the past 52 weeks, AMPS has traded in a range of $2.71-$5.50.

Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.

Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!

Get the FREE Report with all the details here.


Sponsored

During the last 5-year period, the sales growth of Utilities Sector giant was 30.19%. While this was happening, its average annual earnings per share was recorded -950.87%. With a float of $106.19 million, this company’s outstanding shares have now reached $160.00 million.

Let’s determine the extent of company efficiency that accounts for 113 employees. In terms of profitability, gross margin is 65.67%, operating margin of 15.03%, and the pretax margin is 1.82%.

Altus Power Inc (AMPS) Breakdown of a Key Holders of the stock

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 33.80%, while institutional ownership is 55.85%. The most recent insider transaction that took place on Feb 20 ’25, was worth 44,985. In this transaction CHIEF FINANCIAL OFFICER of this company sold 9,162 shares at a rate of $4.91, taking the stock ownership to the 2,002,611 shares. Before that another transaction happened on Feb 20 ’25, when Company’s COFOUNDER,CHIEF CONST. OFFICER sold 8,823 for $4.91, making the entire transaction worth $43,321. This insider now owns 4,088,231 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 -950.87% 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 0.44. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.04.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.00, a number that is poised to hit -0.07 in the next quarter and is forecasted to reach -0.06 in one year’s time.

Technical Analysis of Altus Power Inc (AMPS)

Looking closely at Altus Power Inc (NYSE: AMPS), its last 5-days average volume was 2.03 million, which is a drop from its year-to-date volume of 3.2 million. As of the previous 9 days, the stock’s Stochastic %D was 39.07%. Additionally, its Average True Range was 0.05.

During the past 100 days, Altus Power Inc’s (AMPS) raw stochastic average was set at 99.00%, which indicates a significant increase from 66.67% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 5.02% in the past 14 days, which was lower than the 81.90% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $4.55, while its 200-day Moving Average is $3.91. However, in the short run, Altus Power Inc’s stock first resistance to watch stands at $4.95. Second resistance stands at $4.95. The third major resistance level sits at $4.96. If the price goes on to break the first support level at $4.94, it is likely to go to the next support level at $4.93. Now, if the price goes above the second support level, the third support stands at $4.93.

Altus Power Inc (NYSE: AMPS) Key Stats

The company with the Market Capitalisation of 792.48 million has total of 160,421K Shares Outstanding. Its annual sales at the moment are 196,270 K in contrast with the sum of 1,320 K annual income. Company’s last quarter sales were recorded 44,470 K and last quarter income was -61,470 K.