In last trading session, Altus Power Inc (NYSE:AMPS) saw 1.33 million shares changing hands with its beta currently measuring 0.91. Company’s recent per share price level of $3.40 trading at $0.23 or 7.26% at ring of the bell on the day assigns it a market valuation of $543.97M. That closing price of AMPS’s stock is at a discount of -114.12% from its 52-week high price of $7.28 and is indicating a premium of 20.29% from its 52-week low price of $2.71. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.05 million shares which gives us an average trading volume of 1.07 million if we extend that period to 3-months.
For Altus Power Inc (AMPS), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.36. Splitting up the data highlights that, out of 5 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 4 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.03 in the current quarter.
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Altus Power Inc (NYSE:AMPS) trade information
Upright in the green during last session for gaining 7.26%, in the last five days AMPS remained trading in the red while hitting it’s week-highest on Tuesday, 11/05/24 when the stock touched $3.40 price level, adding 7.1% to its value on the day. Altus Power Inc’s shares saw a change of -50.22% in year-to-date performance and have moved -1.16% in past 5-day. Altus Power Inc (NYSE:AMPS) showed a performance of 12.21% in past 30-days. Number of shares sold short was 9.6 million shares which calculate 9.07 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 6.75 to the stock, which implies a rise of 49.63% to its current value. Analysts have been projecting 4.5 as a low price target for the stock while placing it at a high target of 12. It follows that stock’s current price would drop -32.35% in reaching the projected high whereas dropping to the targeted low would mean a loss of -32.35% for stock’s current value.
Altus Power Inc (AMPS) estimates and forecasts
Statistics highlight that Altus Power Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -25.27% of value to its shares in past 6 months, showing an annual growth rate of 660.00% while that of industry is -3.70. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 27.80% from the last financial year’s standing.
8 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 57.98M for the same. And 8 analysts are in estimates of company making revenue of 46.95M in the next quarter. Company posted 45.08M and 34.19M of sales in current and next quarters respectively a year earlier.
Altus Power Inc (NYSE:AMPS)’s Major holders
Insiders are in possession of 44.78% of company’s total shares while institution are holding 52.97 percent of that, with stock having share float percentage of 95.92%. Investors also watch the number of corporate investors in a company very closely, which is 52.97% institutions for Altus Power Inc that are currently holding shares of the company. BLACKSTONE INC. is the top institutional holder at AMPS for having 21.12 million shares of worth $82.78 million. And as of 2024-06-30, it was holding 13.2784 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 7.13 million shares on 2024-06-30. The number of shares represents firm’s hold over 4.4827 of outstanding shares, having a total worth of $27.94 million.
