Altice USA Inc (NYSE:ATUS) does about 4.02M shares in volume on a normal day but saw 1242048 shares change hands in Tuesday trading. The company now has a market cap of 871.19M USD. Its current market price is $1.91, marking a decrease of -0.52% compared to the previous close of $1.92. The 52 week high reached by this stock is $3.82 whilst the lowest price level in 52 weeks is $1.75.
Altice USA Inc (ATUS) has a 20-day trading average at $2.2905 and the current price is -50.00% off the 52-week high compared with 9.46% distance from its 52-week low. The 50-day simple moving average of the closing price is $2.4118 and its 200-day simple moving average is $2.7350. If we look at the stock’s price movements over the week, volatility stands at 6.61%, which increases to 6.69% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 31.01 to suggest the stock is neutral.
The consensus objective for the share price is $3.17, suggesting that the stock has a potential upside of 39.75% over the period.
Exane BNP Paribas also downgraded the stock to “Underperform” from Neutral on April 09, 2024 at a price target of $1. Wells Fargo downgraded its price target at $2-$1.
Altice USA Inc (ATUS) stock is down -1.55% over the week and -24.21% over the past month. Its price is -41.23% year-to-date and -34.14% over the past year.
To reach the target analysts have set, the stock logically needs to grow 39.75 percent from here.
The company has a return on investment of 0.22%. The price to earnings ratio (P/E ratio) amounts to 16.35 while the forward price to earnings ratio is 14.92. The beta has a value of 1.38. Price to sales ratio is 0.09.
