Alta Equipment Group Inc [ALTG] stock is trading at $7.62, up 4.67%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ALTG shares have gain 19.62% over the last week, with a monthly amount glided 37.30%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Previously, Northland Capital downgraded its rating to Market Perform on November 13, 2024, and kept the price target unchanged to $20. On September 23, 2022, Northland Capital initiated with a Outperform rating and assigned a price target of $25 on the stock. B. Riley Securities reiterated its Buy rating and increased its price target to $22 on January 04, 2022. Raymond James upgraded its rating to a Outperform and raised its price target to $16 on May 14, 2021. Dougherty & Company started tracking with a Buy rating for this stock on April 07, 2020, and assigned it a price target of $8.50.
Alta Equipment Group Inc [ALTG] stock has fluctuated between $3.54 and $11.39 over the past year. Currently, Wall Street analysts expect the stock to reach $14.5 within the next 12 months. Alta Equipment Group Inc [NYSE: ALTG] shares were valued at $7.62 at the most recent close of the market. An investor can expect a potential return of 90.29% based on the average ALTG price forecast.
Analyzing the ALTG fundamentals
Alta Equipment Group Inc [NYSE:ALTG] reported sales of 1.86B for the trailing twelve months, which represents a drop of -4.21%. Gross Profit Margin for this corporation currently stands at 0.26% with Operating Profit Margin at 0.01%, Pretax Profit Margin comes in at -0.04%, and Net Profit Margin reading is -0.04%. To continue investigating profitability, this company’s Return on Assets is posted at -0.05, Equity is -0.8 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 6.39.
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 7.38 points at the first support level, and at 7.15 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.75, and for the 2nd resistance point, it is at 7.88.
Ratios To Look Out For
For context, Alta Equipment Group Inc’s Current Ratio is 1.36. Further, the Quick Ratio stands at 0.42, while the Cash Ratio is 0.02. Considering the valuation of this stock, the price to sales ratio is 0.14, the price to book ratio is 4.52.
Transactions by insiders
Recent insider trading involved STUDDERT ANDREW P, Director, that happened on May 29 ’25 when 6743.0 shares were purchased. Director, STUDDERT ANDREW P completed a deal on May 30 ’25 to buy 3257.0 shares. Meanwhile, Chief Operating Officer Brubaker Craig sold 5294.0 shares on Mar 05 ’25.
