Altus Power Inc (NYSE:AMPS)’s traded shares stood at 0.68 million during the last session, with the company’s beta value hitting 0.94. At the close of trading, the stock’s price was $3.36, to imply an increase of 0.90% or $0.03 in intraday trading. The AMPS share’s 52-week high remains $7.28, putting it -116.67% down since that peak but still an impressive 16.67% since price per share fell to its 52-week low of $2.80. The company has a valuation of $537.57M, with an average of 0.72 million shares in intraday trading volume over the past 10 days and average of 932.74K shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Altus Power Inc (AMPS), translating to a mean rating of 1.50. Of 5 analyst(s) looking at the stock, 0 analyst(s) give AMPS a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 4 recommend it as a Buy.
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Altus Power Inc (NYSE:AMPS) trade information
After registering a 0.90% upside in the last session, Altus Power Inc (AMPS) has traded red over the past five days. The 5-day price performance for the stock is 8.39%, and 14.68% over 30 days. With these gigs, the year-to-date price performance is -50.81%. Short interest in Altus Power Inc (NYSE:AMPS) saw shorts transact 8.05 million shares and set a 7.55 days time to cover.
The extremes give us $6 and $12 for target low and target high price respectively. As such, AMPS has been trading -257.14% off suggested target high and -78.57% from its likely low.
Altus Power Inc (AMPS) estimates and forecasts
Looking at statistics comparing Altus Power Inc share performance against respective industry, we note that the company has outperformed competitors. Altus Power Inc (AMPS) shares are -43.43% down over the last 6 months, with its year-to-date growth rate higher than industry average at 580.00% against -1.20%.
AMPS Dividends
Altus Power Inc has its next earnings report out on 2024-Nov-11. 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.
Altus Power Inc (NYSE:AMPS)’s Major holders
Altus Power Inc insiders hold 46.13% of total outstanding shares, with institutional holders owning 54.55% of the shares at 101.25% float percentage. In total, 54.55% institutions holds shares in the company, led by BLACKSTONE INC.. As of 2024-06-30, the company held over 21.12 million shares (or 13.2784% of shares), all amounting to roughly $82.78 million.
The next major institution holding the largest number of shares is BLACKROCK INC. with 7.13 million shares, or about 4.4827% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $27.94 million.
We also have iShares Russell 2000 ETF and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the Altus Power Inc (AMPS) shares. Going by data provided on Jul 31, 2024 , iShares Russell 2000 ETF holds roughly 2.05 shares. This is just over 1.28% of the total shares, with a market valuation of $6.87 million. Data from the same date shows that the other fund manager holds a little less at 1.75, or 1.09% of the shares, all valued at about 5.88 million.
