A share price of Altus Power Inc [AMPS] is currently trading at $3.22, up 8.05%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The AMPS shares have gain 9.52% over the last week, with a monthly amount drifted -22.78%, and not seem to be holding up well over a long-time horizon.
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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.
Altus Power Inc experienced fluctuations in its stock price throughout the past year between $2.82 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 $3.22 at the most recent close of the market. An investor can expect a potential return of 163.98% based on the average AMPS price forecast.
Analyzing the AMPS fundamentals
Trailing Twelve Months sales for Altus Power Inc [NYSE:AMPS] were 172.39M which represents 12.79% growth. Gross Profit Margin for this corporation currently stands at 0.49% with Operating Profit Margin at 0.14%, Pretax Profit Margin comes in at -0.09%, and Net Profit Margin reading is 0.14%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.05 and Total Capital is 0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.57.
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 3.02 points at the first support level, and at 2.82 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.32, and for the 2nd resistance point, it is at 3.42.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Altus Power Inc [NYSE:AMPS] is 0.91. Also, the Quick Ratio is 0.91, while the Cash Ratio stands at 0.6. Considering the valuation of this stock, the price to sales ratio is 2.99, the price to book ratio is 1.05 and price to earnings (TTM) ratio is 23.35.
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.
