UBS has recently reduced Altice USA Inc (ATUS) stock to Neutral rating, as announced on August 2, 2024, according to Finviz. Earlier, on July 1, 2024, Goldman had initiated the stock to Sell, setting a price target of $2. BofA Securities also resumed Underperform rating with a price target of $1.50. Additionally, JP Morgan reduced Underweight rating on April 11, 2024. Exane BNP Paribas analysts, in their report published on April 9, 2024, also reduced Underperform rating and set a price target of $1 for Altice USA Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
Altice USA Inc (ATUS) Stock Trading Recap
On Friday, Altice USA Inc (ATUS) stock saw a decline, ending the day at $2.44 which represents a decrease of $-0.16 or -6.15% from the prior close of $2.6. The stock opened at $2.6 and touched a low of $2.41 during the day, reaching a high of $2.66. The volume of shares traded was 2.86 million falling short of the average volume of 3.31 million.
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ATUS Stock Performance and Moving Averages
In recent trading, Altice USA Inc (ATUS) stock price has shown some volatility, fluctuating -5.79% over the last five trades and -3.17% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by -1.61%, and it has gained 32.61% in the previous three months. Currently, ATUS is trading at -4.80%, -1.34%, and 9.27% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, ATUS, a Communication Services sector stock, is trading -33.33% below its 52-week high but remains 60.53% above its 52-week low. The Average True Range (ATR) (14 days) of 0.16 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Altice USA Inc’s Profitability and Valuation Ratios
Altice USA Inc’s profitability metrics reveal financial health. The company currently boasts an operating margin of 20.31% and a profit margin of -1.85%, with a gross margin of -1.61%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Altice USA Inc’s market capitalization stands at $1.13 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The forward P/E ratio, which uses projected earnings for the next financial year, is 432.62. Additionally, the Price-to-Sales Ratio is 0.12, reflecting the market’s valuation of the company’s sales.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 55.99% of Altice USA Inc (ATUS)’s shares, while financial institutions hold 51.97%.
Notable insider trades include Next Alt S.a.r.l., Director at Altice USA Inc (ATUS), who sold 805227 shares on Nov 27 ’24, at $24.5 each, totaling $19.73 million. On Nov 26 ’24, Next Alt S.a.r.l., Director, sold 805227 shares for $24.5 each, amounting to $19.73 million. Additionally, on Nov 25 ’24, Next Alt S.a.r.l. sold 805227 shares at $24.5 each, generating $19.73 million.
