During the recent session, Altus Power Inc (NYSE:AMPS)’s traded shares were 0.68 million, with the beta value of the company hitting 1.05. At the last check today, the stock’s price was $3.13, reflecting an intraday loss of -11.19% or -$0.4. The 52-week high for the AMPS share is $7.28, that puts it down -132.59 from that peak though still a striking -3.19% loss since the share price plummeted to a 52-week low of $3.23. The company’s market capitalization is $501.22M, and the average intraday trading volume over the past 10 days was 0.77 million shares, and the average trade volume was 1.02 million shares over the past three months.
Altus Power Inc (AMPS) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.22. AMPS has a Sell rating from 0 analyst(s) out of 5 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 4 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.03.
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Altus Power Inc (NYSE:AMPS) trade information
Altus Power Inc (AMPS) registered a -11.19% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -11.19% in intraday trading to $3.13, hitting a weekly high. The stock’s 5-day price performance is -17.50%, and it has moved by -30.02% in 30 days. Based on these gigs, the overall price performance for the year is -49.52%. The short interest in Altus Power Inc (NYSE:AMPS) is 7.79 million shares and it means that shorts have 8.02 day(s) to cover.
The consensus price target of analysts on Wall Street is $7, which implies an increase of 55.29% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $6 and $12 respectively. As a result, AMPS is trading at a discount of -283.39% off the target high and -91.69% off the low.
Altus Power Inc (AMPS) estimates and forecasts
Statistics show that Altus Power Inc has outperformed its competitors in share price, compared to the industry in which it operates. Altus Power Inc (AMPS) shares have gone down -47.66% during the last six months, with a year-to-date growth rate more than the industry average at 180.00% against 2.70. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -25.00% this quarter and then jump 66.70% in the quarter after that. In the rating firms’ projections, revenue will increase 35.80% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 57.07M as predicted by 8 analyst(s). Meanwhile, a consensus of 8 analyst(s) estimates revenue growth to 63.09M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 46.51M and 45.08M respectively. In this case, analysts expect current quarter sales to grow by 22.70% and then jump by 40.00% in the coming quarter.
While earnings are projected to return 213.93% in 2024.
AMPS Dividends
Altus Power Inc is due to release its next quarterly earnings 2024-Aug-08. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Altus Power Inc (NYSE:AMPS)’s Major holders
Altus Power Inc insiders own 46.16% of total outstanding shares while institutional holders control 54.92%, with the float percentage being 102.00%. BLACKSTONE INC. is the largest shareholder of the company, while 191.0 institutions own stock in it. As of 2024-03-31, the company held over 21.12 million shares (or 13.3057% of all shares), a total value of $100.94 million in shares.
The next largest institutional holding, with 6.98 million shares, is of BLACKROCK INC.’s that is approximately 4.3963% of outstanding shares. At the market price on 2024-03-31, these shares were valued at $33.35 million.
Also, the Mutual Funds coming in first place with the largest holdings of Altus Power Inc (AMPS) shares are iShares Russell 2000 ETF and Vanguard Total Stock Market Index Fund. Data provided on Jun 30, 2024 indicates that iShares Russell 2000 ETF owns about 1.82 shares. This amounts to just over 1.14 percent of the company’s overall shares, with a $5.7 million market value. The same data shows that the other fund manager holds slightly less at 1.75, or about 1.09% of the stock, which is worth about $5.47 million.
