During the recent session, Altair Engineering Inc (NASDAQ:ALTR)’s traded shares were 2.75 million, with the beta value of the company hitting 1.45. At the last check today, the stock’s price was $104.26, reflecting an intraday loss of -4.02% or -$4.37. The 52-week high for the ALTR share is $113.12, that puts it down -8.5 from that peak though still a striking 44.76% gain since the share price plummeted to a 52-week low of $57.59. The company’s market capitalization is $8.85B, and the average intraday trading volume over the past 10 days was 0.88 million shares, and the average trade volume was 443.15K shares over the past three months.
Altair Engineering Inc (ALTR) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.56. ALTR has a Sell rating from 0 analyst(s) out of 5 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 recommend a Buy rating for it.
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Altair Engineering Inc (NASDAQ:ALTR) trade information
Altair Engineering Inc (ALTR) registered a -4.02% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -4.02% in intraday trading to $104.26, hitting a weekly high. The stock’s 5-day price performance is -0.22%, and it has moved by 9.95% in 30 days. Based on these gigs, the overall price performance for the year is 67.84%. The short interest in Altair Engineering Inc (NASDAQ:ALTR) is 4.55 million shares and it means that shorts have 14.16 day(s) to cover.
The consensus price target of analysts on Wall Street is $106.5, which implies an increase of 2.1% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $100 and $113 respectively. As a result, ALTR is trading at a discount of -8.38% off the target high and 4.09% off the low.
Altair Engineering Inc (ALTR) estimates and forecasts
Statistics show that Altair Engineering Inc has underperformed its competitors in share price, compared to the industry in which it operates. Altair Engineering Inc (ALTR) shares have gone up 27.54% during the last six months, with a year-to-date growth rate less than the industry average at 9.73% against 11.80.
While earnings are projected to return 12.36% in 2024, the next five years will return 12.00% per annum.
ALTR Dividends
Altair Engineering Inc is due to release its next quarterly earnings on 2025-Feb-20. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Altair Engineering Inc (NASDAQ:ALTR)’s Major holders
Altair Engineering Inc insiders own 2.53% of total outstanding shares while institutional holders control 109.73%, with the float percentage being 112.59%. MATRIX CAPITAL MANAGEMENT COMPANY, LP is the largest shareholder of the company, while 349.0 institutions own stock in it. As of 2024-06-30, the company held over 12.43 million shares (or 15.0508% of all shares), a total value of $1.22 billion in shares.
The next largest institutional holding, with 7.88 million shares, is of BLACKROCK INC.’s that is approximately 9.538% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $772.59 million.
