Alta Equipment Group Inc (NYSE:ALTG) shares, rose in value on Wednesday, June 18, with the stock price down by -2.45% to the previous day’s close as strong demand from buyers drove the stock to $5.97.
Actively observing the price movement in the last trading, the stock closed the session at $6.12. Referring to stock’s 52-week performance, its high was $11.39, and the low was $3.54. On the whole, ALTG has fluctuated by 12.01% over the past month.
With the market capitalization of Alta Equipment Group Inc currently standing at about $198.15 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-May-07. The company’s Forward Dividend Ratio is 0.23, with its dividend yield at 3.82%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ALTG’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of ALTG currently trading nearly 7.45% and 19.82% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 58.70, while the 7-day volatility ratio is showing 2.71% which for the 30-day chart, stands at 5.06%. Furthermore, Alta Equipment Group Inc (ALTG)’s beta value is 1.47, and its average true range (ATR) is 0.33.
A comparison of Alta Equipment Group Inc (ALTG) with its peers suggests the former has fared considerably weaker in the market. ALTG showed an intraday change of -2.45% in last session, and over the past year, it shrunk by -30.18%%.
Data on historical trading for Alta Equipment Group Inc (NYSE:ALTG) indicates that the trading volumes over the past 3 months, they’ve averaged 208.46K. According to company’s latest data on outstanding shares, there are 33.19 million shares outstanding.
Nearly 39.90% of Alta Equipment Group Inc’s shares belong to company insiders and institutional investors own 53.35% of the company’s shares. The stock has fallen by -8.72% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ALTG stock heading into the next quarter.
