Alta Equipment Group Inc [ALTG] stock prices are up 9.83% to $8.83 at the moment. 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 ALTG shares have gain 8.88% over the last week, with a monthly amount drifted -0.67%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Alta Equipment Group Inc [NYSE: ALTG] stock has seen the most recent analyst activity on September 23, 2022, when Northland Capital initiated its Outperform rating and assigned the stock a price target of $25. Previously, B. Riley Securities reaffirmed its Buy rating on January 04, 2022, and elevated its price target to $22. On May 14, 2021, upgrade upgraded it’s rating to Outperform and revised its price target to $16 on the stock. Dougherty & Company started tracking the stock assigning a Buy rating and suggested a price target of $8.50 on April 07, 2020.
The stock price of Alta Equipment Group Inc [ALTG] has been fluctuating between $7.62 and $17.98 over the past year. Currently, Wall Street analysts expect the stock to reach $20 within the next 12 months. Alta Equipment Group Inc [NYSE: ALTG] shares were valued at $8.83 at the most recent close of the market. An investor can expect a potential return of 126.5% based on the average ALTG price forecast.
Analyzing the ALTG fundamentals
The Alta Equipment Group Inc [NYSE:ALTG] reported sales of 1.90B for trailing twelve months, representing a surge of 4.97%. Gross Profit Margin for this corporation currently stands at 0.26% with Operating Profit Margin at 0.02%, Pretax Profit Margin comes in at -0.01%, and Net Profit Margin reading is -0.0%. To continue investigating profitability, this company’s Return on Assets is posted at -0.0, Equity is -0.03 and Total Capital is 0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of7.78.
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 8.45 points at the first support level, and at 8.06 for the second support level. However, for the 1st resistance point, the stock is sitting at 9.04, and for the 2nd resistance point, it is at 9.24.
Ratios To Look Out For
It’s worth pointing out that Alta Equipment Group Inc [NYSE:ALTG]’s Current Ratio is 1.30. Further, the Quick Ratio stands at 0.43, while the Cash Ratio is 0.01. Considering the valuation of this stock, the price to sales ratio is 0.15, the price to book ratio is 2.12.
Transactions by insiders
Recent insider trading involved Hoover Jeffrey Alan, that happened on Jun 07 ’24 when 4000.0 shares were purchased. CEO, Chairman, Greenawalt Ryan completed a deal on Feb 29 ’24 to sell 34951.0 shares. Meanwhile, Chief Financial Officer Colucci Anthony sold 17222.0 shares on Feb 29 ’24.
