A share price of Altair Engineering Inc [ALTR] is currently trading at $103.00, up 8.22%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ALTR shares have gain 9.32% over the last week, with a monthly amount glided 9.50%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Altair Engineering Inc [NASDAQ: ALTR] stock has seen the most recent analyst activity on August 02, 2024, when Goldman downgraded its rating to a Sell and also revised its price target to $71 from $85. Previously, JP Morgan downgraded its rating to Neutral on July 15, 2024, and kept the price target unchanged to $95. On February 23, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $88 on the stock. JP Morgan started tracking the stock assigning a Overweight rating and suggested a price target of $86 on December 22, 2023. Goldman upgraded its rating to a Neutral and raised its price target to $67 on May 05, 2023. Needham started tracking with a Buy rating for this stock on November 16, 2022, and assigned it a price target of $60. In a note dated August 17, 2022, Wolfe Research initiated an Outperform rating and provided a target price of $70 on this stock.
Altair Engineering Inc experienced fluctuations in its stock price throughout the past year between $57.59 and $101.39. Currently, Wall Street analysts expect the stock to reach $85 within the next 12 months. Altair Engineering Inc [NASDAQ: ALTR] shares were valued at $103.00 at the most recent close of the market. An investor can expect a potential drop of -17.48% based on the average ALTR price forecast.
Analyzing the ALTR fundamentals
Trailing Twelve Months sales for Altair Engineering Inc [NASDAQ:ALTR] were 627.21M which represents 5.41% growth. Gross Profit Margin for this corporation currently stands at 0.8% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.04 and Total Capital is 0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.3.
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 94.84 points at the first support level, and at 86.68 for the second support level. However, for the 1st resistance point, the stock is sitting at 109.94, and for the 2nd resistance point, it is at 116.88.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Altair Engineering Inc [NASDAQ:ALTR] is 3.11. Also, the Quick Ratio is 3.11, while the Cash Ratio stands at 2.34. Considering the valuation of this stock, the price to sales ratio is 13.94, the price to book ratio is 11.02 and price to earnings (TTM) ratio is 341.74.
Transactions by insiders
Recent insider trading involved Christ George J, 10% Owner, that happened on Oct 11 ’24 when 97824.0 shares were sold. 10% Owner, Christ George J completed a deal on Oct 14 ’24 to sell 2176.0 shares. Meanwhile, 10% Owner GC Investments LLC sold 97824.0 shares on Oct 11 ’24.
