Altice USA Inc (NYSE:ATUS) price on Wednesday, February 05, rose 3.30% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $2.82.
A look at the stock’s price movement, the close in the last trading session was $2.73, moving within a range at $2.73 and $2.82. The beta value (5-Year monthly) was 1.523. Turning to its 52-week performance, $3.18 and $1.52 were the 52-week high and 52-week low respectively. Overall, ATUS moved 15.10% over the past month.
Altice USA Inc’s market cap currently stands at around $1.30 billion, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 2.24B for the company’s revenue for the quarter, with a low and high estimate of 2.23B and 2.25B respectively. The average forecast suggests down to a -2.69% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 8.96B, representing a -2.97% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ATUS is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
18 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 8 analyst(s) rate the stock as a Hold, 8 recommend ATUS as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 2 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
ATUS’s current price about 2.73% and 8.16% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 55.00, while 7-day volatility ratio is 6.13% and 5.85% in the 30-day chart. Further, Altice USA Inc (ATUS) has a beta value of 1.60, and an average true range (ATR) of 0.16. Analysts have given the company’s stock an average 52-week price target of $13, forecast between a low of $1 and high of $43. Looking at the price targets, the low is 64.54% off current price level while to achieve the yearly target high, price needs to move -1424.82%. Nonetheless, investors will most likely welcome a -360.99% jump to $13 which is the analysts’ median price.
If we refocus on Altice USA Inc (NYSE:ATUS), historical trading data shows that trading volumes averaged 3.42 over the past 10 days and 3.41 million over the past 3 months. The company’s latest data on shares outstanding shows there are 276.97 million shares.
The 52.48% of Altice USA Inc’s shares are in the hands of company insiders while institutional holders own 51.28% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 22.65 million on 2025-01-15, giving us a short ratio of 7.85. The data shows that as of 2025-01-15 short interest in Altice USA Inc (ATUS) stood at 1414.9999999999998 of shares outstanding, with shares short falling to 25.62 million registered in 2024-12-13. Current price change has pushed the stock 17.01% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ATUS stock continues to rise going into the next quarter.
