-1.81 Fall Turns Altisource Portfolio Solutions S.A (ASPS) Into A Losing Stock For Investors

Altisource Portfolio Solutions S.A (NASDAQ:ASPS) has a beta value of 0.85 and has seen 1.0 million shares traded in the last trading session. The company, currently valued at $19.33M, closed the last trade at $0.71 per share which meant it lost -$0.01 on the day or -1.81% during that session. The ASPS stock price is -422.54% off its 52-week high price of $3.71 and 1.41% above the 52-week low of $0.70. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.11 million shares traded. The 3-month trading volume is 110.66K shares.

Altisource Portfolio Solutions S.A (NASDAQ:ASPS) trade information

Sporting -1.81% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the ASPS stock price touched $0.71 or saw a rise of 7.79%. Year-to-date, Altisource Portfolio Solutions S.A shares have moved -80.01%, while the 5-day performance has seen it change -4.41%. Over the past 30 days, the shares of Altisource Portfolio Solutions S.A (NASDAQ:ASPS) have changed -17.90%. Short interest in the company has seen 0.93 million shares shorted with days to cover at 6.19.

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Altisource Portfolio Solutions S.A (ASPS) estimates and forecasts

Figures show that Altisource Portfolio Solutions S.A shares have outperformed across the wider relevant industry. The company’s shares have lost -56.34% over the past 6 months, with this year growth rate of 58.70%, compared to -14.10% for the industry. Revenue growth from the last financial year stood is estimated to be 13.06%.

2 analysts offering their estimates for the company have set an average revenue estimate of 44.91M for the current quarter.

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 -51.44% over the past 5 years. Earnings growth for 2024 is a modest 48.37% while over the next 5 years, the company’s earnings are expected to increase by 20.00%.

ASPS Dividends

Altisource Portfolio Solutions S.A is expected to release its next earnings report in January this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Altisource Portfolio Solutions S.A (NASDAQ:ASPS)’s Major holders

Insiders own 33.71% of the company shares, while shares held by institutions stand at 35.54% with a share float percentage of 53.61%. Investors are also buoyed by the number of investors in a company, with Altisource Portfolio Solutions S.A having a total of 39.0 institutions that hold shares in the company. The top two institutional holders are DEER PARK ROAD CORP with over 4.28 million shares worth more than $6.03 million. As of 2024-06-30, DEER PARK ROAD CORP held 15.1774% of shares outstanding.

The other major institutional holder is NANTAHALA CAPITAL MANAGEMENT, LLC, with the holding of over 1.09 million shares as of 2024-06-30. The firm’s total holdings are worth over $1.54 million and represent 3.8714% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund . As of Sep 30, 2024 , the former fund manager holds about 2.14% shares in the company for having 582.73 shares of worth $0.41 million while later fund manager owns 186.74 shares of worth $0.13 million as of Sep 30, 2024 , which makes it owner of about 0.69% of company’s outstanding stock.