Altice USA Inc (NYSE:ATUS) shares, rose in value, with the stock price down by -6.09% to the previous day’s close as strong demand from buyers drove the stock to $2.62.
Actively observing the price movement in the last trading, the stock closed the session at $2.79. The value of beta (5-year monthly) was 1.36 whereas the PE ratio was 22.43 over 12-month period. Referring to stock’s 52-week performance, its high was $3.82, and the low was $1.75. On the whole, ATUS has fluctuated by 28.43% over the past month.
With the market capitalization of Altice USA Inc currently standing at about $1.20 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 01, 2024 – May 06, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0, which is expected to increase to $0.1 for fiscal year $0.27 and then to about $0.36 by fiscal year 2025. Data indicates that the EPS growth is expected to be 125.00% in 2025, while the next year’s EPS growth is forecast to be 33.30%.
Analysts have estimated the company’s revenue for the quarter at $2.24 billion, with a low estimate of $2.23 billion and a high estimate of $2.27 billion. According to the average forecast, sales growth in current quarter could jump down -2.30%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $9.02 billion, representing a decrease of -2.30% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that ATUS’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 PEG ratio is about 0, with the price of ATUS currently trading nearly 5.50% and 4.83% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 52.47, while the 7-day volatility ratio is showing 6.57% which for the 30-day chart, stands at 11.63%. Furthermore, Altice USA Inc (ATUS)’s beta value is 1.36, and its average true range (ATR) is 0.24.
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 -6.09% in last session, and over the past year, it shrunk by -25.57%%.
Data on historical trading for Altice USA Inc (NYSE:ATUS) indicates that the trading volumes over the past 10 days have averaged 2.95 million and over the past 3 months, they’ve averaged 5.72 million. According to company’s latest data on outstanding shares, there are 271.77 million shares outstanding.
Nearly 55.12% of Altice USA Inc’s shares belong to company insiders and institutional investors own 50.12% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 25.7 million shares as on Feb 29, 2024, resulting in a short ratio of 3.8. According to the data, the short interest in Altice USA Inc (ATUS) stood at 5.63% of shares outstanding as of Feb 29, 2024; the number of short shares registered in Jan 31, 2024 reached 23.99 million. The stock has fallen by -19.38% 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.
