At the time of writing, Altus Power Inc [AMPS] stock is trading at $4.23, up 5.22%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling.
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From an analyst’s perspective:
Altus Power Inc [NYSE: AMPS] stock has seen the most recent analyst activity on June 03, 2024, when Seaport Research Partners initiated its Buy rating and assigned the stock a price target of $6.50. Previously, JP Morgan downgraded its rating to Neutral on May 15, 2024. On April 10, 2024, Maxim Group initiated with a Buy rating and assigned a price target of $7 on the stock. Northland Capital started tracking the stock assigning a Outperform rating and suggested a price target of $10 on November 30, 2023. Morgan Stanley upgraded its rating to Overweight for this stock on January 10, 2023, but kept the price target unchanged to $12. In a note dated January 04, 2023, Evercore ISI initiated an Outperform rating and provided a target price of $15 on this stock.
For the past year, the stock price of Altus Power Inc fluctuated between $3.40 and $7.28. Currently, Wall Street analysts expect the stock to reach $8.5 within the next 12 months. Altus Power Inc [NYSE: AMPS] shares were valued at $4.23 at the most recent close of the market. An investor can expect a potential return of 100.95% based on the average AMPS price forecast.
Analyzing the AMPS fundamentals
According to Altus Power Inc [NYSE:AMPS], the company’s sales were 166.44M for trailing twelve months, which represents an 38.40% jump. Gross Profit Margin for this corporation currently stands at 0.6% with Operating Profit Margin at 0.12%, Pretax Profit Margin comes in at -0.13%, and Net Profit Margin reading is -0.04%. To continue investigating profitability, this company’s Return on Assets is posted at -0.0, Equity is -0.02 and Total Capital is 0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.91.
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 4.04 points at the first support level, and at 3.86 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.39, and for the 2nd resistance point, it is at 4.56.
Ratios To Look Out For
It is important to note that Altus Power Inc [NYSE:AMPS] has a current ratio of 1.48. In addition, the Quick Ratio stands at 1.48 and the Cash Ratio stands at 1.31. Considering the valuation of this stock, the price to sales ratio is 4.06, the price to book ratio is 1.48.
Transactions by insiders
Recent insider trading involved Felton Gregg J, CO-FOUNDER, CEO & PRESIDENT, that happened on Jun 07 ’24 when 34139.0 shares were purchased. CO-FOUNDER, CEO & PRESIDENT, Felton Gregg J completed a deal on Jun 04 ’24 to buy 25000.0 shares. Meanwhile, CO-FOUNDER, CEO & PRESIDENT Felton Gregg J bought 8285.0 shares on Jun 03 ’24.
