In the last trading session, 9.21 million Altice USA Inc (NYSE:ATUS) shares changed hands as the company’s beta touched 1.56. With the company’s per share price at $2.79 changed hands at $0.1 or 3.72% during last session, the market valuation stood at $1.29B. ATUS’s last price was a discount, traded about -31.18% off its 52-week high of $3.66. The share price had its 52-week low at $1.52, which suggests the last value was 45.52% up since then. When we look at Altice USA Inc’s average trading volume, we note the 10-day average is 5.41 million shares, with the 3-month average coming to 3.42 million.
Analysts gave the Altice USA Inc (ATUS) stock a consensus recommendation rating of Buy, calculated at a mean rating of 3.12. If we narrow down to specifics, the data shows that 2 out of 18 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 8 recommended ATUS as a Hold, 8 felt it is a Buy and 0 rated the stock as Underweight.
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Altice USA Inc (NYSE:ATUS) trade information
Instantly ATUS was in green as seen at the end of in last trading. With action 10.28%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -14.15%, with the 5-day performance at 10.28% in the green. However, in the 30-day time frame, Altice USA Inc (NYSE:ATUS) is 15.77% up. Looking at the short shares, we see there were 26.99 million shares sold at short interest cover period of 10.64 days.
The consensus price target for the stock as assigned by Wall Street analysts is 13, meaning bulls need an upside of 78.54% from its current market value. According to analyst projections, ATUS’s forecast low is 1 with 43 as the target high. To hit the forecast high, the stock’s price needs a -1441.22% plunge from its current level, while the stock would need to tank 64.16% for it to hit the projected low.
Altice USA Inc (ATUS) estimates and forecasts
Data shows that the Altice USA Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 27.98% over the past 6 months, a -91.67% in annual growth rate that is considerably lower than the industry average of 31.40%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 35.28%. The 2024 estimates are for Altice USA Inc earnings to decrease by -119.84%.
ATUS Dividends
Altice USA Inc is expected to release its next quarterly earnings report in December.
Altice USA Inc (NYSE:ATUS)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 11.33% of Altice USA Inc shares while 48.20% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 54.36%. There are 48.20% institutions holding the Altice USA Inc stock share, with FMR LLC the top institutional holder. As of 2024-06-30, the company held 6.9758% of the shares, roughly 31.9 million ATUS shares worth $65.09 million.
CLARKSTON CAPITAL PARTNERS, LLC holds the second largest percentage of outstanding shares, with 6.8311% or 31.24 million shares worth $63.74 million as of 2024-06-30.
