At the time of writing, Altice USA Inc [ATUS] stock is trading at $2.13, up 3.90%. 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 10.94% over the last week, with a monthly amount drifted -18.39%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, JP Morgan downgraded its rating to Underweight on April 11, 2024. On April 09, 2024, downgrade downgraded it’s rating to Underperform but maintained its price target of $1 on the stock. Wells Fargo downgraded its rating to a Underweight and decreased its price target to $1 on April 05, 2024. Exane BNP Paribas upgraded its rating to a Neutral. HSBC Securities downgraded its rating to Reduce for this stock on November 16, 2023. In a note dated January 23, 2023, TD Securities downgraded an Hold rating on this stock but restated the target price of $6.
For the past year, the stock price of Altice USA Inc fluctuated between $1.75 and $3.82. Currently, Wall Street analysts expect the stock to reach $16.89 within the next 12 months. Altice USA Inc [NYSE: ATUS] shares were valued at $2.13 at the most recent close of the market. An investor can expect a potential return of 692.96% based on the average ATUS price forecast.
Analyzing the ATUS fundamentals
According to Altice USA Inc [NYSE:ATUS], the company’s sales were 9.24B for trailing twelve months, which represents an -2.85% plunge. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-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 2.05 points at the first support level, and at 1.98 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.21, and for the 2nd resistance point, it is at 2.30.
Altice USA Inc [ATUS] reported earnings per share of -$0.26 for its fiscal quarter that ended on 12/31/2023. 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 9/30/2023 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
It is important to note that Altice USA Inc [NYSE:ATUS] has a current ratio of 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 0.11 and price to earnings (TTM) ratio is 18.24.
