A share price of Altair Engineering Inc [ALTR] is currently trading at $80.77, up 0.26%. 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 ALTR shares have lost -3.47% over the last week, with a monthly amount glided 0.19%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Altair Engineering Inc [NASDAQ: ALTR] stock has seen the most recent analyst activity on February 23, 2024, when Rosenblatt downgraded its rating to a Neutral and also boosted its price target to $88 from $74. Previously, JP Morgan started tracking the stock with Overweight rating on December 22, 2023, and set its price target to $86. On May 05, 2023, upgrade upgraded it’s rating to Neutral and revised its price target to $67 on the stock. Needham started tracking the stock assigning a Buy rating and suggested a price target of $60 on November 16, 2022. Wolfe Research initiated its recommendation with a Outperform and recommended $70 as its price target on August 17, 2022. Oppenheimer started tracking with a Outperform rating for this stock on July 27, 2022, and assigned it a price target of $60. In a note dated June 27, 2022, Goldman downgraded an Sell rating on this stock and revised its target price from $62 to $41.
Altair Engineering Inc experienced fluctuations in its stock price throughout the past year between $57.59 and $92.92. Currently, Wall Street analysts expect the stock to reach $85 within the next 12 months. Altair Engineering Inc [NASDAQ: ALTR] shares were valued at $80.77 at the most recent close of the market. An investor can expect a potential return of 5.24% based on the average ALTR price forecast.
Analyzing the ALTR fundamentals
Trailing Twelve Months sales for Altair Engineering Inc [NASDAQ:ALTR] were 612.70M which represents 6.90% growth. Gross Profit Margin for this corporation currently stands at 0.8% with Operating Profit Margin at 0.01%, Pretax Profit Margin comes in at 0.02%, and Net Profit Margin reading is -0.01%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.01 and Total Capital is 0.0. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.48.
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 79.58 points at the first support level, and at 78.39 for the second support level. However, for the 1st resistance point, the stock is sitting at 82.38, and for the 2nd resistance point, it is at 83.99.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Altair Engineering Inc [NASDAQ:ALTR] is 2.15. Further, the Quick Ratio stands at 2.15, while the Cash Ratio is 1.44. Considering the valuation of this stock, the price to sales ratio is 11.03, the price to book ratio is 9.32.
Transactions by insiders
Recent insider trading involved Christ Revocable Trust, 10% Owner, that happened on Apr 09 ’24 when 12783.0 shares were sold. 10% Owner, Christ George J completed a deal on Apr 09 ’24 to sell 12783.0 shares. Meanwhile, Director Harris Teresa A sold 620.0 shares on Apr 02 ’24.
