A share price of Altice USA Inc [ATUS] is currently trading at $2.60, up 4.00%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ATUS shares have gain 4.42% over the last week, with a monthly amount drifted -7.80%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Altice USA Inc [NYSE: ATUS] stock has seen the most recent analyst activity on February 27, 2024, when Exane BNP Paribas upgraded its rating to a Neutral. Previously, HSBC Securities downgraded its rating to Reduce on November 16, 2023. On January 23, 2023, downgrade downgraded it’s rating to Hold but maintained its price target of $6 on the stock. Goldman downgraded its rating to a Neutral and decreased its price target to $5 on January 10, 2023. New Street downgraded its rating to Neutral for this stock on December 01, 2022. In a note dated November 04, 2022, HSBC Securities upgraded an Buy rating on this stock but restated the target price of $6.
Altice USA Inc experienced fluctuations in its stock price throughout the past year between $1.75 and $3.82. Currently, Wall Street analysts expect the stock to reach $19.28 within the next 12 months. Altice USA Inc [NYSE: ATUS] shares were valued at $2.60 at the most recent close of the market. An investor can expect a potential return of 641.54% based on the average ATUS price forecast.
Analyzing the ATUS fundamentals
Trailing Twelve Months sales for Altice USA Inc [NYSE:ATUS] were 9.24B which represents -2.85% decline. Gross Profit Margin for this corporation currently stands at 0.63% with Operating Profit Margin at 0.2%, Pretax Profit Margin comes in at 0.01%, and Net Profit Margin reading is 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is -0.13 and Total Capital is 0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -59.26.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 2.52 points at the first support level, and at 2.43 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.65, and for the 2nd resistance point, it is at 2.70.
Altice USA Inc [ATUS] reported earnings per share of -$0.26 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.07/share, meaning a difference of -$0.33 and a surprise factor of -471.40%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.15 per share as compared to estimates of $0.06 per share, a difference of $0.09 representing a surprise of 150.00%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Altice USA Inc [NYSE:ATUS] is 0.36. Further, the Quick Ratio stands at 0.36, while the Cash Ratio is 0.13. Considering the valuation of this stock, the price to sales ratio is 0.13 and price to earnings (TTM) ratio is 22.26.
