Altair Engineering Inc (NASDAQ:ALTR) currently has a daily average trading volume of 389.35K but it saw 1849267 shares traded in last market. With a market cap of 9.05B USD, the company’s current market price of $106.65 came rising about 3.54 while comparing to the previous closing price of $103.00. In past 52 weeks, the stock remained buoying in the range of price level as high as $108.72 and as low as $57.59. In the recent trading on the day, stock has struck highest price mark of $100.37 while lowest mark touched by it was $112.15.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Goldman which downgraded the stock as “Sell” in its note to investors issued on August 02, 2024, recommending a price target of between $85 and $71 for it. JP Morgan downgraded its recommendation for the stock as a “Neutral” from “Overweight” on July 15, 2024 while assigning a price target of $95. Rosenblatt also issued its recommendations for the stock as it downgraded the price target for the stock in the range of between $74 and $88.
Over the week, ALTR’s stock price is moving 12.41% up while it is 13.81% when we observe its performance for the past one month. Year-to-date it is 26.74% up and over the past year, the stock is showing an upside performance of 76.22%.
Currently, Altair Engineering Inc’s total number of outstanding shares is 84.89M. Company’s return on investment (ROI) stands at 2.56% and return on equity (ROE) at 3.78%. It has a price to earnings ratio (P/E ratio) of 353.85 while having a 77.53 of forward P/E ratio. Stock’s beta reads 1.45. Stock has a price to book (P/B) ratio of 11.41 while price to sale or P/S ratio amounts to 14.43. Its return on asset (ROA) is 2.06% on average.
