Altice USA Inc (NYSE:ATUS) currently has a daily average trading volume of 4.35M but it saw 1667609 shares traded in last market. With a market cap of 1.05B USD, the company’s current market price of $2.30 came falling about -1.71 while comparing to the previous closing price of $2.34. In past 52 weeks, the stock remained buoying in the range of price level as high as $3.82 and as low as $1.75.
Taking a look at 20-day trading activity of Altice USA Inc (ATUS) gives us an average price of $2.54, while its current price level is -39.79% below from 52-week high level whereas it is 31.81% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $2.44 while that of 200 days or SMA-200 reads an average of $2.78. A closer look into the stock’s movement over the week reveals that its volatility is standing at 7.70% during that period while stretching the period over a month that decreases to 6.54%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 40.11 which implies that the stock is in neutral territory.
Exane BNP Paribas downgraded its recommendation for the stock as a “Underperform” from “Neutral” on April 09, 2024 while assigning a price target of $1. Wells Fargo also issued its recommendations for the stock as it downgraded the price target for the stock in the range of between $2 and $1.
Over the week, ATUS’s stock price is moving -10.51% down while it is -13.53% when we observe its performance for the past one month. Year-to-date it is -29.23% down and over the past year, the stock is showing a downside performance of -32.35%.
The latest quarterly earnings report issued by the company was for quarter ended 12/30/2023, when its quarterly earnings per share (EPS) of -$0.26 beaten by the consensus estimate of $0.07 for the same. For ATUS, analysts are forecasting an EPS-growth rate of 125.00% for current year and estimate for EPS growth in next year is 22.20%. In next quarter, company is expected to be making quarterly sales of $2.25 billion as analysts are expecting the sales for current fiscal year at $9.02 billion and seeing the company making $8.78 billion in sales next year. Moreover, analysts are in estimates of $2.24 billion for current-quarter revenue.
Currently, Altice USA Inc’s total number of outstanding shares is 271.77M with 20.48% of that held by the insiders while 89.37% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 0.22%. It has a price to earnings ratio (P/E ratio) of 19.69 while having a 13.16 of forward P/E ratio. Stock’s beta reads 1.34. Stock has a price to sale or P/S ratio amounts to 0.11. Its return on asset (ROA) is 0.16% on average.
