In last trading session, Alta Equipment Group Inc (NYSE:ALTG) saw 0.4 million shares changing hands with its beta currently measuring 1.66. Company’s recent per share price level of $6.09 trading at -$0.55 or -8.28% at ring of the bell on the day assigns it a market valuation of $201.52M. That closing price of ALTG’s stock is at a discount of -133.66% from its 52-week high price of $14.23 and is indicating a premium of 11.33% from its 52-week low price of $5.40. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.38 million shares which gives us an average trading volume of 448.58K if we extend that period to 3-months.
Alta Equipment Group Inc (NYSE:ALTG) trade information
Upright in the red during last session for losing -8.28%, in the last five days ALTG remained trading in the red while hitting it’s week-highest on Friday, 08/30/24 when the stock touched $6.09 price level, adding 12.75% to its value on the day. Alta Equipment Group Inc’s shares saw a change of -50.77% in year-to-date performance and have moved -12.12% in past 5-day. Alta Equipment Group Inc (NYSE:ALTG) showed a performance of -25.64% in past 30-days. Number of shares sold short was 2.48 million shares which calculate 4.64 days to cover the short interests.
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Wall Street analysts have assigned a consensus price target of 20 to the stock, which implies a rise of 69.55% to its current value. Analysts have been projecting 20 as a low price target for the stock while placing it at a high target of 20. It follows that stock’s current price would drop -228.41% in reaching the projected high whereas dropping to the targeted low would mean a loss of -228.41% for stock’s current value.
Alta Equipment Group Inc (ALTG) estimates and forecasts
Statistics highlight that Alta Equipment Group Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -44.18% of value to its shares in past 6 months, showing an annual growth rate of -677.78% while that of industry is 6.80. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 3.00% from the last financial year’s standing.
5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 484.99M for the same. And 5 analysts are in estimates of company making revenue of 519.08M in the next quarter. Company posted 466.2M and 521.5M of sales in current and next quarters respectively a year earlier.
Alta Equipment Group Inc (NYSE:ALTG)’s Major holders
Insiders are in possession of 26.73% of company’s total shares while institution are holding 73.64 percent of that, with stock having share float percentage of 100.50%. Investors also watch the number of corporate investors in a company very closely, which is 73.64% institutions for Alta Equipment Group Inc that are currently holding shares of the company. MILL ROAD CAPITAL MANAGEMENT LLC is the top institutional holder at ALTG for having 3.56 million shares of worth $28.65 million. And as of 2024-06-30, it was holding 10.7615 of the company’s outstanding shares.
The second largest institutional holder is VOSS CAPITAL, LLC, which was holding about 2.98 million shares on 2024-06-30. The number of shares represents firm’s hold over 9.0158 of outstanding shares, having a total worth of $24.0 million.
