During the last session, Altice USA Inc (NYSE:ATUS)’s traded shares were 2.65 million, with the beta value of the company hitting 1.53. At the end of the trading day, the stock’s price was $2.91, reflecting an intraday gain of 3.19% or $0.09. The 52-week high for the ATUS share is $3.18, that puts it down -9.28 from that peak though still a striking 47.77% gain since the share price plummeted to a 52-week low of $1.52. The company’s market capitalization is $1.34B, and the average intraday trading volume over the past 10 days was 3.08 million shares, and the average trade volume was 3.51 million shares over the past three months.
Altice USA Inc (ATUS) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 3.00. ATUS has a Sell rating from 2 analyst(s) out of 18 analysts who have looked at this stock. 8 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 8 recommend a Buy rating for it.
Altice USA Inc (NYSE:ATUS) trade information
Altice USA Inc (ATUS) registered a 3.19% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 3.19% in intraday trading to $2.91, hitting a weekly high. The stock’s 5-day price performance is 9.40%, and it has moved by 13.67% in 30 days. Based on these gigs, the overall price performance for the year is 18.29%. The short interest in Altice USA Inc (NYSE:ATUS) is 26.55 million shares and it means that shorts have 8.57 day(s) to cover.
The consensus price target of analysts on Wall Street is $13, which implies an increase of 77.62% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $1 and $43 respectively. As a result, ATUS is trading at a discount of -1377.66% off the target high and 65.64% off the low.
Altice USA Inc (ATUS) estimates and forecasts
Statistics show that Altice USA Inc has underperformed its competitors in share price, compared to the industry in which it operates. Altice USA Inc (ATUS) shares have gone up 63.48% during the last six months, with a year-to-date growth rate less than the industry average at -150.00% against 25.70.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 35.28%. While earnings are projected to return -143.36% in 2025.
ATUS Dividends
Altice USA Inc is due to release its next quarterly earnings in February. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Altice USA Inc (NYSE:ATUS)’s Major holders
Altice USA Inc insiders own 11.33% of total outstanding shares while institutional holders control 50.05%, with the float percentage being 56.44%. FMR LLC is the largest shareholder of the company, while 218.0 institutions own stock in it. As of 2024-06-30, the company held over 31.9 million shares (or 6.9758% of all shares), a total value of $65.09 million in shares.
The next largest institutional holding, with 31.24 million shares, is of CLARKSTON CAPITAL PARTNERS, LLC’s that is approximately 6.8311% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $63.74 million.
