During the last session, Altice USA Inc (NYSE:ATUS)’s traded shares were 3.2 million, with the beta value of the company hitting 1.53. At the end of the trading day, the stock’s price was $2.52, reflecting an intraday loss of -2.33% or -$0.06. The 52-week high for the ATUS share is $3.66, that puts it down -45.24 from that peak though still a striking 39.68% gain since the share price plummeted to a 52-week low of $1.52. The company’s market capitalization is $1.16B, and the average intraday trading volume over the past 10 days was 2.48 million shares, and the average trade volume was 2.97 million shares over the past three months.
Altice USA Inc (ATUS) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 3.16. ATUS has a Sell rating from 2 analyst(s) out of 18 analysts who have looked at this stock. 8 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 8 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 0.04.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Altice USA Inc (NYSE:ATUS) trade information
Altice USA Inc (ATUS) registered a -2.33% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -2.33% in intraday trading to $2.52, hitting a weekly high. The stock’s 5-day price performance is 6.78%, and it has moved by 4.13% in 30 days. Based on these gigs, the overall price performance for the year is -8.03%. The short interest in Altice USA Inc (NYSE:ATUS) is 26.99 million shares and it means that shorts have 10.64 day(s) to cover.
The consensus price target of analysts on Wall Street is $13, which implies an increase of 80.62% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $1 and $43 respectively. As a result, ATUS is trading at a discount of -1606.35% off the target high and 60.32% off the low.
Altice USA Inc (ATUS) estimates and forecasts
Statistics show that Altice USA Inc has underperformed its competitors in share price, compared to the industry in which it operates. Altice USA Inc (ATUS) shares have gone up 24.14% during the last six months, with a year-to-date growth rate less than the industry average at -16.67% against 29.40. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -73.30% this quarter and then jump 123.10% in the quarter after that. In the rating firms’ projections, revenue will decrease -2.80% 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 2.24B as predicted by 13 analyst(s). Meanwhile, a consensus of 12 analyst(s) estimates revenue growth to 2.25B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 2.3B and 2.3B respectively. In this case, analysts expect current quarter sales to shrink by -2.60% and then drop by -2.40% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 35.28%. While earnings are projected to return 0.73% in 2024.
ATUS Dividends
Altice USA Inc is due to release its next quarterly earnings on 2024-Nov-04. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Altice USA Inc (NYSE:ATUS)’s Major holders
Altice USA Inc insiders own 11.45% of total outstanding shares while institutional holders control 48.03%, with the float percentage being 54.24%. FMR LLC is the largest shareholder of the company, while 217.0 institutions own stock in it. As of 2024-06-30, the company held over 31.9 million shares (or 6.9758% of all shares), a total value of $65.09 million in shares.
The next largest institutional holding, with 31.24 million shares, is of CLARKSTON CAPITAL PARTNERS, LLC’s that is approximately 6.8311% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $63.74 million.
