At the time of writing, Altice USA Inc [ATUS] stock is trading at $2.79, up 3.72%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ATUS shares have gain 10.28% over the last week, with a monthly amount glided 15.77%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Altice USA Inc [NYSE: ATUS] stock has seen the most recent analyst activity on August 02, 2024, when UBS downgraded its rating to a Neutral and also revised its price target to $2 from $4. Previously, Goldman started tracking the stock with Sell rating on July 01, 2024, and set its price target to $2. JP Morgan downgraded its rating to a Underweight. Exane BNP Paribas downgraded its rating to a Underperform but $1 remained the price target by the analyst firm on April 09, 2024. Wells Fargo downgraded its rating to Underweight for this stock on April 05, 2024, and downed its price target to $1. In a note dated February 27, 2024, Exane BNP Paribas upgraded an Neutral rating on this stock.
For the past year, the stock price of Altice USA Inc fluctuated between $1.52 and $3.66. Currently, Wall Street analysts expect the stock to reach $16.74 within the next 12 months. Altice USA Inc [NYSE: ATUS] shares were valued at $2.79 at the most recent close of the market. An investor can expect a potential return of 500.0% based on the average ATUS price forecast.
Analyzing the ATUS fundamentals
According to Altice USA Inc [NYSE:ATUS], the company’s sales were 9.02B for trailing twelve months, which represents an -3.86% plunge. Gross Profit Margin for this corporation currently stands at 0.55% with Operating Profit Margin at 0.2%, Pretax Profit Margin comes in at -0.02%, and Net Profit Margin reading is -0.02%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is 0.4 and Total Capital is 0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -59.86.
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 2.69 points at the first support level, and at 2.58 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.86, and for the 2nd resistance point, it is at 2.93.
Ratios To Look Out For
It is important to note that Altice USA Inc [NYSE:ATUS] has a current ratio of 0.41. Also, the Quick Ratio is 0.41, while the Cash Ratio stands at 0.12. Considering the valuation of this stock, the price to sales ratio is 0.14.
Transactions by insiders
Recent insider trading involved Next Alt S.a.r.l., Director, that happened on Nov 08 ’24 when 0.81 million shares were sold. Director, Next Alt S.a.r.l. completed a deal on Nov 07 ’24 to sell 0.81 million shares. Meanwhile, Director Next Alt S.a.r.l. sold 0.81 million shares on Nov 06 ’24.
