Altice USA Inc. [NYSE: ATUS] loss -3.64% on the last trading session, reaching $10.59 price per share at the time. The company report on April 18, 2022 that Altice USA to Hold Conference Call to Discuss Q1 2022 Results.
Altice USA (NYSE: ATUS) will host a conference call on Thursday, April 28, 2022 at 4:30 p.m. EDT to discuss financial and operating results for the first quarter ended March 31, 2022. A press release reporting the results will be issued at 4:05 p.m. EDT.
The call will be led by Dexter Goei, CEO, and Michael Grau, CFO.
Altice USA Inc. represents 268.86 million in outstanding shares, while the company has a total market value of $2.85 billion with the latest information. ATUS stock price has been found in the range of $10.365 to $10.895.
If compared to the average trading volume of 4.68M shares, ATUS reached a trading volume of 5193178 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Altice USA Inc. [ATUS]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ATUS shares is $18.88 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ATUS stock is a recommendation set at 2.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Societe Generale have made an estimate for Altice USA Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on February 23, 2022. While these analysts kept the previous recommendation, Evercore ISI dropped their target price from $25 to $15. The new note on the price target was released on February 23, 2022, representing the official price target for Altice USA Inc. stock. Previously, the target price had yet another raise to $11, while Exane BNP Paribas analysts kept a Neutral rating on ATUS stock.
The Average True Range (ATR) for Altice USA Inc. is set at 0.54, with the Price to Sales ratio for ATUS stock in the period of the last 12 months amounting to 0.28. Price to Free Cash Flow for ATUS in the course of the last twelve months was 1.75 with Quick ratio for the last quarter at 0.30.
Trading performance analysis for ATUS stock
Altice USA Inc. [ATUS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -11.97. With this latest performance, ATUS shares dropped by -10.71% in over the last four-week period, additionally sinking by -41.30% over the last 6 months – not to mention a drop of -70.00% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ATUS stock in for the last two-week period is set at 32.10, with the RSI for the last a single of trading hit 25.11, and the three-weeks RSI is set at 35.92 for Altice USA Inc. [ATUS]. The present Moving Average for the last 50 days of trading for this stock 11.80, while it was recorded at 11.29 for the last single week of trading, and 18.69 for the last 200 days.
Altice USA Inc. [ATUS]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Altice USA Inc. [ATUS] shares currently have an operating margin of +25.19 and a Gross Margin at +48.77. Altice USA Inc.’s Net Margin is presently recorded at +9.81.
Altice USA Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.30 and a Current Ratio set at 0.30.
Altice USA Inc. [ATUS]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ATUS. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Altice USA Inc. go to 18.46%.
An analysis of insider ownership at Altice USA Inc. [ATUS]
There are presently around $2,760 million, or 57.00% of ATUS stock, in the hands of institutional investors. The top three institutional holders of ATUS stocks are: CLARKSTON CAPITAL PARTNERS, LLC with ownership of 20,408,200, which is approximately 47.219% of the company’s market cap and around 0.40% of the total institutional ownership; BARROW HANLEY MEWHINNEY & STRAUSS LLC, holding 20,137,297 shares of the stock with an approximate value of $221.31 million in ATUS stocks shares; and VANGUARD GROUP INC, currently with $219.02 million in ATUS stock with ownership of nearly 1.901% of the company’s market capitalization.
Positions in Altice USA Inc. stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 211 institutional holders increased their position in Altice USA Inc. [NYSE:ATUS] by around 84,550,250 shares. Additionally, 218 investors decreased positions by around 63,342,869 shares, while 25 investors held positions by with 103,240,353 shares. The mentioned changes placed institutional holdings at 251,133,472 shares, according to the latest SEC report filing. ATUS stock had 89 new institutional investments in for a total of 39,585,943 shares, while 102 institutional investors sold positions of 32,094,439 shares during the same period.