Altice USA Inc (NYSE:ATUS) has a beta value of 1.54 and has seen 1.69 million shares traded in the recent trading session. The company, currently valued at $1.34B, closed the recent trade at $2.68 per share which meant it gained $0.04 on the day or 1.52% during that session. The ATUS stock price is -36.57% off its 52-week high price of $3.66 and 43.28% above the 52-week low of $1.52. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.23 million shares traded. The 3-month trading volume is 3.01 million shares.
The consensus among analysts is that Altice USA Inc (ATUS) is Buy stock at the moment, with a recommendation rating of 3.16. 2 analysts rate the stock as a Sell, while 0 rate it as Overweight. 8 out of 18 have rated it as a Hold, with 8 advising it as a Buy. 0 have rated the stock as Underweight.
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Altice USA Inc (NYSE:ATUS) trade information
Sporting 1.52% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the ATUS stock price touched $2.68 or saw a rise of 2.9%. Year-to-date, Altice USA Inc shares have moved -17.54%, while the 5-day performance has seen it change 4.28%. Over the past 30 days, the shares of Altice USA Inc (NYSE:ATUS) have changed 11.20%. Short interest in the company has seen 26.99 million shares shorted with days to cover at 10.64.
Wall Street analysts have a consensus price target for the stock at $13, which means that the shares’ value could jump 79.38% from the levels at last check today. The projected low price target is $1.0 while the price target rests at a high of $43.0. In that case, then, we find that the latest price level in today’s session is -1504.48% off the targeted high while a plunge would see the stock lose 62.69% from the levels at last check today.
Altice USA Inc (ATUS) estimates and forecasts
Figures show that Altice USA Inc shares have underperformed across the wider relevant industry. The company’s shares have gained 37.44% over the past 6 months, with this year growth rate of -16.67%, compared to 29.60% for the industry.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 35.28% over the past 5 years.
ATUS Dividends
Altice USA Inc is expected to release its next earnings report on 2024-Nov-04 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Altice USA Inc (NYSE:ATUS)’s Major holders
Insiders own 11.35% of the company shares, while shares held by institutions stand at 48.01% with a share float percentage of 54.16%. Investors are also buoyed by the number of investors in a company, with Altice USA Inc having a total of 217.0 institutions that hold shares in the company. The top two institutional holders are FMR LLC with over 31.9 million shares worth more than $65.09 million. As of 2024-06-30, FMR LLC held 6.9758% of shares outstanding.
The other major institutional holder is CLARKSTON CAPITAL PARTNERS, LLC, with the holding of over 31.24 million shares as of 2024-06-30. The firm’s total holdings are worth over $63.74 million and represent 6.8311% of shares outstanding.
