Altus Power Inc [NYSE: AMPS] surged by $0.74 during the normal trading session on while it closed the day at $3.76.
Altus Power Inc stock has also gained 24.09% of its value over the past 7 days. However, AMPS stock has declined by -10.26% in the 3 months of the year. Over the past six months meanwhile, it has lost -2.34% and lost -44.95% year-on date.
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The market cap for AMPS stock reached $601.56 million, with 159.00 million shares outstanding and 91.55 million shares in the current float. Compared to the average trading volume of 961.11K shares, AMPS reached a trading volume of 3681673 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Altus Power Inc [AMPS]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AMPS shares is $5.56 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AMPS stock is a recommendation set at 1.44. 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.
Morgan Stanley have made an estimate for Altus Power Inc shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on August 21, 2024. While these analysts kept the previous recommendation, Seaport Research Partners raised their target price to Buy. The new note on the price target was released on June 03, 2024, representing the official price target for Altus Power Inc stock.
The Average True Range (ATR) for Altus Power Inc is set at 0.23, with the Price to Sales ratio for AMPS stock in the period of the last 12 months amounting to 3.49. The Price to Book ratio for the last quarter was 1.23, with the Price to Cash per share for the same quarter was set at 0.50.
AMPS stock trade performance evaluation
Altus Power Inc [AMPS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 24.09. With this latest performance, AMPS shares gained by 10.26% in over the last four-week period, additionally sinking by -2.34% over the last 6 months – not to mention a drop of -29.98% 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 AMPS stock in for the last two-week period is set at 63.60, with the RSI for the last a single of trading hit 69.31, and the three-weeks RSI is set at 59.34 for Altus Power Inc [AMPS]. The present Moving Average for the last 50 days of trading for this stock 3.15, while it was recorded at 3.14 for the last single week of trading, and 4.45 for the last 200 days.
Altus Power Inc [AMPS]: An insightful look at the core fundamentals
Altus Power Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.91 and a Current Ratio set at 0.91.
Altus Power Inc [AMPS]: Institutional Ownership
There are presently around $53.18%, or 96.30%% of AMPS stock, in the hands of institutional investors. The top three institutional holders of AMPS stocks are: BLACKSTONE INC. with ownership of 21.12 million shares, which is approximately 13.2784%. BLACKROCK INC., holding 7.13 million shares of the stock with an approximate value of $$27.94 million in AMPS stocks shares; and BLACKROCK INC., currently with $$18.14 million in AMPS stock with ownership which is approximately 2.9106%.
