Altisource Portfolio Solutions S.A. (NASDAQ: ASPS): Can A Stock Be Up 10.56% YTD, And Still Be A Loser – Marketing Sentinel
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Altisource Portfolio Solutions S.A. (NASDAQ: ASPS): Can A Stock Be Up 10.56% YTD, And Still Be A Loser

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS)’s traded shares stood at 0.46 million during the last session, with the company’s beta value hitting 1.53. At the close of trading, the stock’s price was $14.24, to imply an increase of 21.19% or $2.49 in intraday trading. The ASPS share’s 52-week high remains $14.76, putting it -3.65% down since that peak but still an impressive 60.6% since price per share fell to its 52-week low of $5.61. The company has a valuation of $222.86M, with an average of 84830.0 shares in intraday trading volume over the past 10 days and average of 108.96K shares over the past 3 months.

Analysts have given a consensus recommendation of an Overweight for Altisource Portfolio Solutions S.A. (ASPS), translating to a mean rating of 2.50. Of 2 analyst(s) looking at the stock, 0 analyst(s) give ASPS a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -$0.45.

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Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) trade information

After registering a 21.19% upside in the last session, Altisource Portfolio Solutions S.A. (ASPS) has traded red over the past five days. The stock hit a weekly high of 14.33 this Friday, 10/08/21, jumping 21.19% in its intraday price action. The 5-day price performance for the stock is 41.83%, and 24.48% over 30 days. With these gigs, the year-to-date price performance is 10.56%. Short interest in Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) saw shorts transact 0.58 million shares and set a 2.12 days time to cover.

Analysts on Wall Street suggest a consensus price target of $18.00, implying an increase of 20.89% to the stock’s current value. The extremes give us $18.00 and $18.00 for target low and target high price respectively. As such, ASPS has been trading -26.4% off suggested target high and -26.4% from its likely low.

Altisource Portfolio Solutions S.A. (ASPS) estimates and forecasts

Looking at statistics comparing Altisource Portfolio Solutions S.A. share performance against respective industry, we note that the company has underperformed competitors. Altisource Portfolio Solutions S.A. (ASPS) shares are 63.68% up over the last 6 months, with its year-to-date growth rate lower than industry average at -39.57% against -2.70%. Revenue is forecast to shrink -87.50% this quarter before jumping 59.10% for the next one. The rating firms project that company’s revenue will shrink -40.00% compared to the previous financial year.

Revenue forecast for the current quarter as set by 2 analysts is $53.22 million. Meanwhile, for the quarter ending Dec 2021, a total of 2 analyst(s) estimate revenue growth to $53.32 million.Earnings reports from the last fiscal year show that sales brought in $85.39 million and $57.74 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -37.70% before dropping -7.70% in the following quarter.

An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -32.80% for the past 5-year period. While 2021 is set for a 76.60% return in earnings, projections for the next 5 years are at 20.00% annually.

ASPS Dividends

Altisource Portfolio Solutions S.A. has its next earnings report out between October 27 and November 01. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Altisource Portfolio Solutions S.A. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS)’s Major holders

Altisource Portfolio Solutions S.A. insiders hold 42.00% of total outstanding shares, with institutional holders owning 46.31% of the shares at 79.85% float percentage. In total, 46.31% institutions holds shares in the company, led by Deer Park Road Corp. As of Mar 30, 2021, the company held over 3.75 million shares (or 23.70% of shares), all amounting to roughly $34.42 million.

The next major institution holding the largest number of shares is Renaissance Technologies, LLC with 0.73 million shares, or about 4.64% of shares outstanding. As of the market price on Mar 30, 2021, these shares were worth $6.75 million.

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We also have Vanguard Specialized-Real Estate Index Fund and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the Altisource Portfolio Solutions S.A. (ASPS) shares. Going by data provided on Jan 30, 2021, Vanguard Specialized-Real Estate Index Fund holds roughly 0.25 million shares. This is just over 1.57% of the total shares, with a market valuation of $2.51 million. Data from the same date shows that the other fund manager holds a little less at 0.2 million, or 1.28% of the shares, all valued at about 1.86 million.

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