At the time of writing, Altus Power Inc [AMPS] stock is trading at $4.08, up 14.93%. An important factor to consider is whether the stock is rising or falling in short-term value. The AMPS shares have gain 7.09% over the last week, with a monthly amount glided 0.49%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Altus Power Inc [NYSE: AMPS] stock has seen the most recent analyst activity on December 12, 2024, when JP Morgan downgraded its rating to a Underweight. Previously, Morgan Stanley downgraded its rating to Equal-Weight on August 21, 2024, and dropped its price target to $4. On June 03, 2024, Seaport Research Partners initiated with a Buy rating and assigned a price target of $6.50 on the stock. JP Morgan downgraded its rating to a Neutral. Maxim Group initiated its recommendation with a Buy and recommended $7 as its price target on April 10, 2024. Northland Capital started tracking with a Outperform rating for this stock on November 30, 2023, and assigned it a price target of $10.
For the past year, the stock price of Altus Power Inc fluctuated between $2.71 and $7.28. Currently, Wall Street analysts expect the stock to reach $4.5 within the next 12 months. Altus Power Inc [NYSE: AMPS] shares were valued at $4.08 at the most recent close of the market. An investor can expect a potential return of 10.29% based on the average AMPS price forecast.
Analyzing the AMPS fundamentals
According to Altus Power Inc [NYSE:AMPS], the company’s sales were 185.99M for trailing twelve months, which represents an 30.17% jump. Gross Profit Margin for this corporation currently stands at 0.51% with Operating Profit Margin at 0.15%, Pretax Profit Margin comes in at -0.09%, and Net Profit Margin reading is 0.19%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.07 and Total Capital is 0.01. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.57.
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 3.58 points at the first support level, and at 3.08 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.49, and for the 2nd resistance point, it is at 4.90.
Ratios To Look Out For
It is important to note that Altus Power Inc [NYSE:AMPS] has a current ratio of 0.60. On the other hand, the Quick Ratio is 0.60, and the Cash Ratio is 0.42. Considering the valuation of this stock, the price to sales ratio is 3.59, the price to book ratio is 1.27 and price to earnings (TTM) ratio is 19.28.
Transactions by insiders
Recent insider trading involved Felton Gregg J, CO-FOUNDER, CEO & PRESIDENT, that happened on Jun 07 ’24 when 34139.0 shares were purchased. CO-FOUNDER, CEO & PRESIDENT, Felton Gregg J completed a deal on Jun 04 ’24 to buy 25000.0 shares. Meanwhile, CO-FOUNDER, CEO & PRESIDENT Felton Gregg J bought 8285.0 shares on Jun 03 ’24.
