A share price of Altice USA Inc [ATUS] is currently trading at $2.68, up 2.68%. An important factor to consider is whether the stock is rising or falling in short-term value. The ATUS shares have gain 3.88% over the last week, with a monthly amount glided 0.37%, and seem to be holding up well over a long-time horizon.
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.
Altice USA Inc experienced fluctuations in its stock price throughout the past year between $1.52 and $3.66. Currently, Wall Street analysts expect the stock to reach $2 within the next 12 months. Altice USA Inc [NYSE: ATUS] shares were valued at $2.68 at the most recent close of the market. An investor can expect a potential drop of -25.37% based on the average ATUS price forecast.
Analyzing the ATUS fundamentals
Trailing Twelve Months sales for Altice USA Inc [NYSE:ATUS] were 9.02B which represents -3.86% decline. Gross Profit Margin for this corporation currently stands at 0.5% 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 -58.91.
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 2.59 points at the first support level, and at 2.49 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.73, and for the 2nd resistance point, it is at 2.77.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Altice USA Inc [NYSE:ATUS] is 0.41. On the other hand, the Quick Ratio is 0.41, and the Cash Ratio is 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 Dec 12 ’24 when 0.81 million shares were sold. Director, Next Alt S.a.r.l. completed a deal on Dec 11 ’24 to sell 0.81 million shares. Meanwhile, Director Next Alt S.a.r.l. sold 0.81 million shares on Dec 10 ’24.
