Altus Power Inc (NYSE:AMPS) has a beta value of 1.04 and has seen 1.32 million shares traded in the last trading session. The company, currently valued at $612.80M, closed the last trade at $3.83 per share which meant it gained $0.11 on the day or 2.96% during that session. The AMPS stock price is -90.08% off its 52-week high price of $7.28 and 29.24% above the 52-week low of $2.71. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.2 million shares traded. The 3-month trading volume is 1.25 million shares.
The consensus among analysts is that Altus Power Inc (AMPS) is Buy stock at the moment, with a recommendation rating of 1.60. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 5 have rated it as a Hold, with 4 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.04.
Altus Power Inc (NYSE:AMPS) trade information
Sporting 2.96% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the AMPS stock price touched $3.83 or saw a rise of 3.04%. Year-to-date, Altus Power Inc shares have moved -5.90%, while the 5-day performance has seen it change 6.69%. Over the past 30 days, the shares of Altus Power Inc (NYSE:AMPS) have changed -7.04%. Short interest in the company has seen 6.74 million shares shorted with days to cover at 4.69.
Wall Street analysts have a consensus price target for the stock at $4.5, which means that the shares’ value could jump 14.89% from current levels. The projected low price target is $4.5 while the price target rests at a high of $4.5. In that case, then, we find that the current price level is -17.49% off the targeted high while a plunge would see the stock gain -17.49% from current levels.
Altus Power Inc (AMPS) estimates and forecasts
Figures show that Altus Power Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -10.72% over the past 6 months, with this year growth rate of 780.00%, compared to -1.20% for the industry. Revenue growth from the last financial year stood is estimated to be 28.18%.
7 analysts offering their estimates for the company have set an average revenue estimate of 47.06M for the current quarter. 5 have an estimated revenue figure of 46.92M for the next ending quarter. Year-ago sales stood 34.19M and 40.66M respectively for this quarter and the next, and analysts expect sales will grow by 37.64% for the current quarter and 28.18% for the next.
AMPS Dividends
Altus Power Inc is expected to release its next earnings report in February this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Altus Power Inc (NYSE:AMPS)’s Major holders
Insiders own 39.76% of the company shares, while shares held by institutions stand at 56.39% with a share float percentage of 93.61%. Investors are also buoyed by the number of investors in a company, with Altus Power Inc having a total of 187.0 institutions that hold shares in the company. The top two institutional holders are BLACKSTONE INC. with over 21.12 million shares worth more than $82.78 million. As of 2024-06-30, BLACKSTONE INC. held 13.2784% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 7.13 million shares as of 2024-06-30. The firm’s total holdings are worth over $27.94 million and represent 4.4827% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Invesco ETF TR II-Invesco Solar ETF and iShares Russell 2000 ETF . As of Nov 30, 2024 , the former fund manager holds about 1.65% shares in the company for having 2.65 shares of worth $10.13 million while later fund manager owns 2.09 shares of worth $8.0 million as of Nov 30, 2024 , which makes it owner of about 1.31% of company’s outstanding stock.
