Altice USA Inc [NYSE: ATUS] gained 1.91% or 0.03 points to close at $1.60 with a heavy trading volume of 7294259 shares.
The daily chart for ATUS points out that the company has recorded -20.00% loss over the past six months.
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If we look at the average trading volume of 2.95M shares, ATUS reached to a volume of 7294259 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 $2.31 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 3.15. 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.
UBS have made an estimate for Altice USA Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on August 02, 2024. While these analysts kept the previous recommendation, Goldman raised their target price to Sell. The new note on the price target was released on July 01, 2024, representing the official price target for Altice USA Inc stock. Previously, the target price had yet another raise to $1.50, while BofA Securities analysts kept a Underperform rating on ATUS stock.
The Average True Range (ATR) for Altice USA Inc is set at 0.14, with the Price to Sales ratio for ATUS stock in the period of the last 12 months amounting to 0.08. Price to Free Cash Flow for ATUS in the course of the last twelve months was 2.14 with Quick ratio for the last quarter at 0.46.
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 0.00. With this latest performance, ATUS shares dropped by -10.11% in over the last four-week period, additionally sinking by -20.00% over the last 6 months – not to mention a drop of -50.92% 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 40.79, with the RSI for the last a single of trading hit 40.42, and the three-weeks RSI is set at 41.27 for Altice USA Inc [ATUS]. The present Moving Average for the last 50 days of trading for this stock 1.9180, while it was recorded at 1.6220 for the last single week of trading, and 2.2777 for the last 200 days.
Altice USA Inc [ATUS]: A deeper dive into fundamental analysis
Altice USA Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.46 and a Current Ratio set at 0.46.
Altice USA Inc [ATUS]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Altice USA Inc posted 0.15/share EPS, while the average EPS was predicted by analysts to be reported at 0.06/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.09. 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 -0.20%.
An analysis of Institutional ownership at Altice USA Inc [ATUS]
The top three institutional holders of ATUS stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in ATUS stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in ATUS stock with ownership which is approximately 5.1238%.
