In last trading session, Altice USA Inc (NYSE:ATUS) saw 1.94 million shares changing hands with its beta currently measuring 1.53. Company’s recent per share price level of $2.96 trading at $0.05 or 1.72% at ring of the bell on the day assigns it a market valuation of $1.37B. That closing price of ATUS’s stock is at a discount of -7.43% from its 52-week high price of $3.18 and is indicating a premium of 48.65% from its 52-week low price of $1.52. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 3.01 million shares which gives us an average trading volume of 3.57 million if we extend that period to 3-months.
For Altice USA Inc (ATUS), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 3.00. Splitting up the data highlights that, out of 18 analysts covering the stock, 2 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 8 suggested the stock as a Hold whereas 8 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.04 in the current quarter.
Altice USA Inc (NYSE:ATUS) trade information
Upright in the green during last session for gaining 1.72%, in the last five days ATUS remained trading in the green while hitting it’s week-highest on Friday, 01/24/25 when the stock touched $2.96 price level, adding 5.43% to its value on the day. Altice USA Inc’s shares saw a change of 22.82% in year-to-date performance and have moved 4.96% in past 5-day. Altice USA Inc (NYSE:ATUS) showed a performance of 20.82% in past 30-days. Number of shares sold short was 22.65 million shares which calculate 7.85 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 13 to the stock, which implies a rise of 77.23% to its current value. Analysts have been projecting 1 as a low price target for the stock while placing it at a high target of 43. It follows that stock’s current price would jump 66.22% in reaching the projected high whereas dropping to the targeted low would mean a gain of 66.22% for stock’s current value.
Altice USA Inc (ATUS) estimates and forecasts
Statistics highlight that Altice USA Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company added 56.61% of value to its shares in past 6 months, showing an annual growth rate of -150.00% while that of industry is 25.80. Apart from that, the company came lowering its revenue forecast for fiscal year 2025. This year revenue growth is estimated to fall -2.96% from the last financial year’s standing.
11 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 2.24B for the same. And 3 analysts are in estimates of company making revenue of 2.17B in the next quarter. Company posted 2.3B and 2.25B of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 35.28% during past 5 years. In 2025, company’s earnings growth rate is likely to be around -143.95% while estimates for its earnings growth in next 5 years are of -10.07%.
Altice USA Inc (NYSE:ATUS)’s Major holders
Insiders are in possession of 11.33% of company’s total shares while institution are holding 50.05 percent of that, with stock having share float percentage of 56.45%. Investors also watch the number of corporate investors in a company very closely, which is 50.05% institutions for Altice USA Inc that are currently holding shares of the company. FMR LLC is the top institutional holder at ATUS for having 31.9 million shares of worth $65.09 million. And as of 2024-06-30, it was holding 6.9758 of the company’s outstanding shares.
The second largest institutional holder is CLARKSTON CAPITAL PARTNERS, LLC, which was holding about 31.24 million shares on 2024-06-30. The number of shares represents firm’s hold over 6.8311 of outstanding shares, having a total worth of $63.74 million.
On the other hand, Vanguard Total Stock Market Index Fund and Fidelity Balanced Fund are the top two Mutual Funds which own company’s shares. As of Sep 30, 2024 , the former fund manager was holding 6.82 shares of worth $20.19 million or 1.48% of the total outstanding shares. The later fund manager was in possession of 6.3 shares on Oct 31, 2024 , making its stake of worth around $18.66 million in the company or a holder of 1.37% of company’s stock.
