Altice USA Inc (NYSE:ATUS) shares, rose in value on Friday, November 01, with the stock price up by 6.17% to the previous day’s close as strong demand from buyers drove the stock to $2.58.
Actively observing the price movement in the recent trading, the stock is buoying the session at $2.43, falling within a range of $2.52 and $2.759. The value of beta (5-year monthly) is 1.533. Referring to stock’s 52-week performance, its high was $3.66, and the low was $1.52. On the whole, ATUS has fluctuated by 5.74% over the past month.
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With the market capitalization of Altice USA Inc currently standing at about $1.19 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Nov-04.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 8.98B, with a low estimate of 2.19B and a high estimate of 2.25B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 2.24B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ATUS’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of ATUS currently trading nearly 6.15% and 13.64% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 60.96, while the 7-day volatility ratio is showing 5.26% which for the 30-day chart, stands at 5.04%. Furthermore, Altice USA Inc (ATUS)’s beta value is 1.52, and its average true range (ATR) is 0.15.
A comparison of Altice USA Inc (ATUS) with its peers suggests the former has fared considerably weaker in the market. ATUS showed an intraday change of 6.17% in today’s session so far, and over the past year, it shrunk by -5.49%%.
Data on historical trading for Altice USA Inc (NYSE:ATUS) indicates that the trading volumes over the past 10 days have averaged 2.53 and over the past 3 months, they’ve averaged 2.94 million. According to company’s latest data on outstanding shares, there are 271.77 million shares outstanding.
Nearly 55.52% of Altice USA Inc’s shares belong to company insiders and institutional investors own 45.40% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 26.99 million shares as on 2024-10-15, resulting in a short ratio of 10.64. According to the data, the short interest in Altice USA Inc (ATUS) stood at 1693.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 25.95 million. The stock has fallen by -20.62% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ATUS stock heading into the next quarter.
