In the latest trading session, 0.45 million Altus Power Inc (NYSE:AMPS) shares changed hands as the company’s beta touched 0.93. With the company’s most recent per share price at $3.19 changed hands at -$0.23 or -6.63% at last look, the market valuation stands at $510.92M. AMPS’s current price is a discount, trading about -128.21% off its 52-week high of $7.28. The share price had its 52-week low at $2.71, which suggests the last value was 15.05% up since then. When we look at Altus Power Inc’s average trading volume, we note the 10-day average is 1.15 million shares, with the 3-month average coming to 1.07 million.

Analysts gave the Altus Power Inc (AMPS) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.36. If we narrow down to specifics, the data shows that 0 out of 5 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended AMPS as a Hold, 4 felt it is a Buy and 0 rated the stock as Underweight. Altus Power Inc’s EPS for the current quarter is expected to be 0.03.

Altus Power Inc (NYSE:AMPS) trade information

Instantly AMPS was in red as seen in intraday trades today. With action -12.51%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -53.24%, with the 5-day performance at -12.51% in the red. However, in the 30-day time frame, Altus Power Inc (NYSE:AMPS) is 1.38% up. Looking at the short shares, we see there were 9.6 million shares sold at short interest cover period of 9.07 days.

The consensus price target for the stock as assigned by Wall Street analysts is 6.75, meaning bulls need an upside of 52.74% from its recent market value. According to analyst projections, AMPS’s forecast low is 4.5 with 12 as the target high. To hit the forecast high, the stock’s price needs a -276.18% plunge from its current level, while the stock would need to soar -41.07% for it to hit the projected low.

Altus Power Inc (AMPS) estimates and forecasts

Data shows that the Altus Power Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -24.33% over the past 6 months, a 660.00% in annual growth rate that is considerably higher than the industry average of -5.20%. Year-over-year growth is forecast to reach 27.80% up from the last financial year.

Consensus estimates given by 8 financial analysts project the company’s revenue in the current quarter to hit an average of 57.98M. 8 analysts are of the opinion that Altus Power Inc’s revenue for the current quarter will be 46.95M. The company’s revenue for the corresponding quarters a year ago was 45.08M and 34.19M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 28.60%. The estimates for the next quarter sales put growth at 37.30%.

The 2024 estimates are for Altus Power Inc earnings to increase by 500.04%.

AMPS Dividends

Altus Power Inc is expected to release its next quarterly earnings report on 2024-Nov-12.

Altus Power Inc (NYSE:AMPS)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 44.78% of Altus Power Inc shares while 53.32% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 96.56%. There are 53.32% institutions holding the Altus Power Inc stock share, with BLACKSTONE INC. the top institutional holder. As of 2024-06-30, the company held 13.2784% of the shares, roughly 21.12 million AMPS shares worth $82.78 million.

BLACKROCK INC. holds the second largest percentage of outstanding shares, with 4.4827% or 7.13 million shares worth $27.94 million as of 2024-06-30.