In last trading session, Alta Equipment Group Inc (NYSE:ALTG) saw 0.44 million shares changing hands with its beta currently measuring 1.54. Company’s recent per share price level of $4.12 trading at $0.1 or 2.49% at ring of the bell on the day assigns it a market valuation of $135.39M. That closing price of ALTG’s stock is at a discount of -231.8% from its 52-week high price of $13.67 and is indicating a premium of 2.67% from its 52-week low price of $4.01. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.3 million shares which gives us an average trading volume of 211.97K if we extend that period to 3-months.
Alta Equipment Group Inc (NYSE:ALTG) trade information
Upright in the green during last session for gaining 2.49%, in the last five days ALTG remained trading in the red while hitting it’s week-highest on Wednesday, 04/02/25 when the stock touched $4.12 price level, adding 14.88% to its value on the day. Alta Equipment Group Inc’s shares saw a change of -37.00% in year-to-date performance and have moved -10.24% in past 5-day. Alta Equipment Group Inc (NYSE:ALTG) showed a performance of -18.42% in past 30-days. Number of shares sold short was 2.11 million shares which calculate 7.59 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 9 to the stock, which implies a rise of 54.22% to its current value. Analysts have been projecting 9 as a low price target for the stock while placing it at a high target of 9. It follows that stock’s current price would drop -118.45% in reaching the projected high whereas dropping to the targeted low would mean a loss of -118.45% for stock’s current value.
Alta Equipment Group Inc (ALTG) estimates and forecasts
This year revenue growth is estimated to rise 1.50% from the last financial year’s standing.
5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 436.15M for the same. And 5 analysts are in estimates of company making revenue of 485.15M in the next quarter. Company posted 441.6M and 488.1M 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 16.55% during past 5 years.
Alta Equipment Group Inc (NYSE:ALTG)’s Major holders
Insiders are in possession of 27.55% of company’s total shares while institution are holding 70.38 percent of that, with stock having share float percentage of 97.14%. Investors also watch the number of corporate investors in a company very closely, which is 70.38% institutions for Alta Equipment Group Inc that are currently holding shares of the company. MILL ROAD CAPITAL MANAGEMENT LLC is the top institutional holder at ALTG for having 3.56 million shares of worth $28.65 million. And as of 2024-06-30, it was holding 10.7191 of the company’s outstanding shares.
The second largest institutional holder is VOSS CAPITAL, LLC, which was holding about 2.98 million shares on 2024-06-30. The number of shares represents firm’s hold over 8.9802 of outstanding shares, having a total worth of $24.0 million.
On the other hand, VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and iShares Trust-iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Dec 31, 2024 , the former fund manager was holding 816.01 shares of worth $3.36 million or 2.48% of the total outstanding shares. The later fund manager was in possession of 706.19 shares on Feb 28, 2025 , making its stake of worth around $2.91 million in the company or a holder of 2.15% of company’s stock.
