In recent trading session, Altice USA Inc. (NYSE:ATUS) saw 1.02 million shares changing hands at last check today with its beta currently measuring 1.04. Company’s recent per share price level of $15.53 trading at -$0.47 or -2.93% at last check today assigns it a market valuation of $4.30B. That most recent trading price of ATUS’s stock is at a discount of -145.91% from its 52-week high price of $38.19 and is indicating a premium of 7.73% from its 52-week low price of $14.33. Taking a look at company’s average trading volume of 6.52 million if we extend that period to 3-months.
Altice USA Inc. (NYSE:ATUS) trade information
Upright in the red during last session for losing -2.93%, in the last five days ATUS remained trading in the red while hitting it’s week-highest on Wednesday, 01/12/22 when the stock touched $15.53 price level, adding 4.49% to its value on the day. Altice USA Inc.’s shares saw a change of -1.11% in year-to-date performance and have moved -0.25% in past 5-day. Altice USA Inc. (NYSE:ATUS) showed a performance of 6.17% in past 30-days.
Wall Street analysts have assigned a consensus price target of $23.72 to the stock, which implies a rise of 34.53% to its recent value today. Analysts have been projecting $17.00 as a low price target for the stock while placing it at a high target of $42.00. It follows that stock’s current price would drop -170.44% in reaching the projected high whereas dropping to the targeted low would mean a loss of -9.47% for stock’s current value.
Altice USA Inc. (ATUS) estimates and forecasts
Statistics highlight that Altice USA Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -52.42% of value to its shares in past 6 months, showing an annual growth rate of 89.09% while that of industry is 1.70. Apart from that, the company came raising its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to decrease by -16.70% in the current quarter and calculating -32.80% decrease in the next quarter. This year revenue growth is estimated to rise 2.00% from the last financial year’s standing.
18 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $2.52 billion for the same. And 7 analysts are in estimates of company making revenue of $2.49 billion in the next quarter that will end on Mar 2022. Company posted $2.54 billion and $2.49 billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to shrink by -0.40% while estimating it to be 0.10% for the next quarter.
In 2022, company’s earnings growth rate is likely to be around 256.40% while estimates for its earnings growth in next 5 years are of 32.76%.
Altice USA Inc. is more likely to be releasing its next quarterly report between February 08 and February 14 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Altice USA Inc. (NYSE:ATUS)’s Major holders
Insiders are in possession of 13.37% of company’s total shares while institution are holding 52.50 percent of that, with stock having share float percentage of 60.61%. Investors also watch the number of corporate investors in a company very closely, which is 52.50% institutions for Altice USA Inc. that are currently holding shares of the company. Vanguard Group, Inc. (The) is the top institutional holder at ATUS for having 19.56 million shares of worth $405.23 million. And as of Sep 29, 2021, it was holding 4.30% of the company’s outstanding shares.
The second largest institutional holder is Barrow, Hanley Mewhinney & Strauss, LLC, which was holding about 19.36 million shares on Sep 29, 2021. The number of shares represents firm’s hold over 4.26% of outstanding shares, having a total worth of $401.2 million.
On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Mid-Cap Index Fund are the top two Mutual Funds which own company’s shares. As of Sep 29, 2021, the former fund manager was holding 6.11 million shares of worth $126.63 million or 1.34% of the total outstanding shares. The later fund manager was in possession of 4.9 million shares on Sep 29, 2021, making its stake of worth around $101.52 million in the company or a holder of 1.08% of company’s stock.