Altair Engineering Inc [ALTR] stock prices are down -0.10% to $103.72 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The ALTR shares have lost -0.23% over the last week, with a monthly amount glided 9.32%, 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.
The stock price of Altair Engineering Inc [ALTR] has been fluctuating between $68.87 and $113.12 over the past year. Currently, Wall Street analysts expect the stock to reach $106.5 within the next 12 months. Altair Engineering Inc [NASDAQ: ALTR] shares were valued at $103.72 at the most recent close of the market. An investor can expect a potential return of 2.68% based on the average ALTR price forecast.
Analyzing the ALTR fundamentals
The Altair Engineering Inc [NASDAQ:ALTR] reported sales of 644.66M for trailing twelve months, representing a surge of 13.02%. Gross Profit Margin for this corporation currently stands at 0.8% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at 0.08%, and Net Profit Margin reading is 0.05%. 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 0.28.
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 103.59 points at the first support level, and at 103.47 for the second support level. However, for the 1st resistance point, the stock is sitting at 103.92, and for the 2nd resistance point, it is at 104.13.
Ratios To Look Out For
It’s worth pointing out that Altair Engineering Inc [NASDAQ:ALTR]’s Current Ratio is 3.25. On the other hand, the Quick Ratio is 3.25, and the Cash Ratio is 2.44. Considering the valuation of this stock, the price to sales ratio is 13.71, the price to book ratio is 10.53 and price to earnings (TTM) ratio is 276.07.
Transactions by insiders
Recent insider trading involved Kunju Ravi, Chief Product Strategy Officer, that happened on Nov 11 ’24 when 360.0 shares were sold. Officer, Kunju Ravi completed a deal on Nov 11 ’24 to buy 360.0 shares. Meanwhile, Marraccini Jeffrey sold 1824.0 shares on Nov 05 ’24.
