Alta Equipment Group Inc [ALTG] stock is trading at $7.54, up 15.82%. An important factor to consider is whether the stock is rising or falling in short-term value. The ALTG shares have gain 15.47% over the last week, with a monthly amount glided 27.36%, and 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.
Alta Equipment Group Inc [ALTG] stock has fluctuated between $5.40 and $13.67 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 $7.54 at the most recent close of the market. An investor can expect a potential return of 165.25% based on the average ALTG price forecast.
Analyzing the ALTG fundamentals
Alta Equipment Group Inc [NYSE:ALTG] reported sales of 1.92B for the trailing twelve months, which represents a growth of 4.21%. Gross Profit Margin for this corporation currently stands at 0.26% with Operating Profit Margin at 0.02%, Pretax Profit Margin comes in at -0.02%, and Net Profit Margin reading is -0.01%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.13 and Total Capital is 0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of8.9.
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 7.07 points at the first support level, and at 6.59 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.78, and for the 2nd resistance point, it is at 8.01.
Ratios To Look Out For
For context, Alta Equipment Group Inc’s Current Ratio is 1.37. On the other hand, the Quick Ratio is 0.47, and the Cash Ratio is 0.01. Considering the valuation of this stock, the price to sales ratio is 0.13, the price to book ratio is 1.98.
Transactions by insiders
Recent insider trading involved Voss Capital, LP, 10% Owner, that happened on Oct 02 ’24 when 11311.0 shares were sold. Director, STUDDERT ANDREW P completed a deal on Aug 12 ’24 to buy 10000.0 shares. Meanwhile, 10% Owner Mill Road Capital III, L.P. bought 54200.0 shares on Aug 02 ’24.
