A share price of Alta Equipment Group Inc [ALTG] is currently trading at $7.29, up 1.11%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ALTG shares have gain 15.35% over the last week, with a monthly amount drifted -0.68%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Alta Equipment Group Inc [NYSE: ALTG] stock has seen the most recent analyst activity on November 13, 2024, when Northland Capital downgraded its rating to a Market Perform but kept the price target unchanged to $20 for it. Previously, Northland Capital started tracking the stock with Outperform rating on September 23, 2022, and set its price target to $25. On January 04, 2022, B. Riley Securities reiterated its Buy rating and revised its price target to $22 on the stock. Raymond James upgraded its rating to a Outperform and increased its price target to $16 on May 14, 2021. Dougherty & Company initiated its recommendation with a Buy and recommended $8.50 as its price target on April 07, 2020.
Alta Equipment Group Inc experienced fluctuations in its stock price throughout the past year between $5.40 and $13.67. Currently, Wall Street analysts expect the stock to reach $9 within the next 12 months. Alta Equipment Group Inc [NYSE: ALTG] shares were valued at $7.29 at the most recent close of the market. An investor can expect a potential return of 23.46% based on the average ALTG price forecast.
Analyzing the ALTG fundamentals
Trailing Twelve Months sales for Alta Equipment Group Inc [NYSE:ALTG] were 1.90B which represents -3.73% decline. Gross Profit Margin for this corporation currently stands at 0.26% with Operating Profit Margin at 0.01%, Pretax Profit Margin comes in at -0.03%, and Net Profit Margin reading is -0.03%. To continue investigating profitability, this company’s Return on Assets is posted at -0.03, Equity is -0.42 and Total Capital is 0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 12.88.
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 7.19 points at the first support level, and at 7.09 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.42, and for the 2nd resistance point, it is at 7.55.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Alta Equipment Group Inc [NYSE:ALTG] is 1.35. Also, the Quick Ratio is 0.43, while the Cash Ratio stands at 0.02. Considering the valuation of this stock, the price to sales ratio is 0.13, the price to book ratio is 2.52.
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.
