At the time of writing, Altus Power Inc [AMPS] stock is trading at $3.62, up 0.56%. 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 19.87% over the last week, with a monthly amount glided 7.74%, and 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 August 21, 2024, when Morgan Stanley downgraded its rating to a Equal-Weight and also revised its price target to $4 from $8. Previously, Seaport Research Partners started tracking the stock with Buy rating on June 03, 2024, and set its price target to $6.50. On May 15, 2024, downgrade downgraded it’s rating to Neutral. Maxim Group started tracking the stock assigning a Buy rating and suggested a price target of $7 on April 10, 2024. Northland Capital initiated its recommendation with a Outperform and recommended $10 as its price target on November 30, 2023. In a note dated January 10, 2023, Morgan Stanley upgraded an Overweight rating on this stock but restated the target price of $12.
For the past year, the stock price of Altus Power Inc fluctuated between $2.71 and $7.28. Currently, Wall Street analysts expect the stock to reach $7.83 within the next 12 months. Altus Power Inc [NYSE: AMPS] shares were valued at $3.62 at the most recent close of the market. An investor can expect a potential return of 116.3% based on the average AMPS price forecast.
Analyzing the AMPS fundamentals
According to Altus Power Inc [NYSE:AMPS], the company’s sales were 172.39M for trailing twelve months, which represents an 12.79% jump. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.57.
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 3.56 points at the first support level, and at 3.50 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.67, and for the 2nd resistance point, it is at 3.72.
Ratios To Look Out For
It is important to note that Altus Power Inc [NYSE:AMPS] has a current ratio of 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 3.36, the price to book ratio is 1.18 and price to earnings (TTM) ratio is 26.25.
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.
