Altus Power Inc (NYSE:AMPS) has a beta value of 0.97 and has seen 1.39 million shares traded in the last trading session. The company, currently valued at $503.97M, closed the last trade at $3.15 per share which meant it gained $0.13 on the day or 4.30% during that session. The AMPS stock price is -131.11% off its 52-week high price of $7.28 and 13.97% above the 52-week low of $2.71. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.82 million shares traded. The 3-month trading volume is 961.58K shares.
The consensus among analysts is that Altus Power Inc (AMPS) is Buy stock at the moment, with a recommendation rating of 1.50. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 5 have rated it as a Hold, with 4 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.03.
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Altus Power Inc (NYSE:AMPS) trade information
Over the past 30 days, the shares of Altus Power Inc (NYSE:AMPS) have changed -6.25%. Short interest in the company has seen 8.9 million shares shorted with days to cover at 8.71.
Wall Street analysts have a consensus price target for the stock at $7, which means that the shares’ value could jump 55.0% from current levels. The projected low price target is $6.0 while the price target rests at a high of $12.0. In that case, then, we find that the current price level is -280.95% off the targeted high while a plunge would see the stock gain -90.48% from current levels.
Altus Power Inc (AMPS) estimates and forecasts
Figures show that Altus Power Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -20.25% over the past 6 months, with this year growth rate of 580.00%, compared to -6.30% for the industry. Revenue growth from the last financial year stood is estimated to be 29.50%.
7 analysts offering their estimates for the company have set an average revenue estimate of 58.96M for the current quarter. 7 have an estimated revenue figure of 47.82M for the next ending quarter. Year-ago sales stood 45.08M and 34.19M respectively for this quarter and the next, and analysts expect sales will grow by 30.80% for the current quarter and 29.50% for the next.
AMPS Dividends
Altus Power Inc is expected to release its next earnings report in November this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Altus Power Inc (NYSE:AMPS)’s Major holders
Insiders own 44.78% of the company shares, while shares held by institutions stand at 54.47% with a share float percentage of 98.63%. Investors are also buoyed by the number of investors in a company, with Altus Power Inc having a total of 185.0 institutions that hold shares in the company. The top two institutional holders are BLACKSTONE INC. with over 21.12 million shares worth more than $82.78 million. As of 2024-06-30, BLACKSTONE INC. held 13.2784% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 7.13 million shares as of 2024-06-30. The firm’s total holdings are worth over $27.94 million and represent 4.4827% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are iShares Russell 2000 ETF and Invesco ETF TR II-Invesco Solar ETF . As of Aug 31, 2024 , the former fund manager holds about 1.25% shares in the company for having 2.0 shares of worth $6.31 million while later fund manager owns 1.8 shares of worth $5.68 million as of Aug 31, 2024 , which makes it owner of about 1.13% of company’s outstanding stock.
