Altice USA Inc (NYSE:ATUS) price on Thursday, February 27, fall -1.03% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $2.87.
A look at the stock’s price movement, the close in the last trading session was $2.90. Turning to its 52-week performance, $3.20 and $1.52 were the 52-week high and 52-week low respectively. Overall, ATUS moved -1.37% over the past month.
Altice USA Inc’s market cap currently stands at around $1.33 billion, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 2.16B for the company’s revenue for the quarter, with a low and high estimate of 2.13B and 2.18B respectively. The average forecast suggests down to a -4.07% 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 8.58B, representing a -4.15% 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 1.83% and 6.38% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 54.45, while 7-day volatility ratio is 5.38% and 6.36% in the 30-day chart. Further, Altice USA Inc (ATUS) has a beta value of 1.58, and an average true range (ATR) of 0.17. 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 65.16% off current price level while to achieve the yearly target high, price needs to move -1398.26%. Nonetheless, investors will most likely welcome a -352.96% 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 3.14 million over the past 3 months. The company’s latest data on shares outstanding shows there are 278.98 million shares.
The 49.84% of Altice USA Inc’s shares are in the hands of company insiders while institutional holders own 53.21% of the company’s shares. Current price change has pushed the stock 19.09% 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.
