Altice USA Inc [NYSE: ATUS] stock went on a downward path that fall over -6.87% on Wednesday, amounting to a one-week price decrease of less than -3.90%.
Over the last 12 months, ATUS stock rose by 32.84%. The one-year Altice USA Inc stock forecast points to a potential downside of -3.44. The average equity rating for ATUS stock is currently 3.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $1.25 billion, with 276.97 million shares outstanding and 219.13 million shares in the current float. Compared to the average trading volume of 3.16M shares, ATUS stock reached a trading volume of 9387473 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $2.62 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 3.00. 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 0.17, with the Price to Sales ratio for ATUS stock in the period of the last 12 months amounting to 0.14. Price to Free Cash Flow for ATUS in the course of the last twelve months was 4.16 with Quick ratio for the last quarter at 0.41.
ATUS Stock Performance Analysis:
Altice USA Inc [ATUS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.90. With this latest performance, ATUS shares gained by 11.52% in over the last four-week period, additionally plugging by 69.38% over the last 6 months – not to mention a rise of 32.84% 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 48.03, with the RSI for the last a single of trading hit 44.36, and the three-weeks RSI is set at 49.99 for Altice USA Inc [ATUS]. The present Moving Average for the last 50 days of trading for this stock 2.63, while it was recorded at 2.83 for the last single week of trading, and 2.29 for the last 200 days.
Insight into Altice USA Inc Fundamentals:
Altice USA Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.41 and a Current Ratio set at 0.41.
ATUS Stock EPS
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 -10.31%.
Altice USA Inc [ATUS] Institutonal Ownership Details
There are presently around $50.26%, or 56.69%% of ATUS stock, in the hands of institutional investors. The top three institutional holders of ATUS stocks are: FMR LLC with ownership of 31.9 million shares, which is approximately 6.9758%. CLARKSTON CAPITAL PARTNERS, LLC, holding 31.24 million shares of the stock with an approximate value of $$63.74 million in ATUS stocks shares; and CLARKSTON CAPITAL PARTNERS, LLC, currently with $$43.79 million in ATUS stock with ownership which is approximately 4.6931%.
