Altice USA Inc (NYSE:ATUS) traded at $2.58 at close of the session on Monday, March 18, made a downward move of -3.37% on its previous day’s price.
Looking at the stock we see that its previous close was $2.67 and the beta (5Y monthly) reads 1.36 . The company has a trailing 12-month PE ratio of 22.09. In terms of its 52-week price range, ATUS has a high of $3.82 and a low of $1.75. The company’s stock has gained about 18.35% over that past 30 days.
Altice USA Inc has a market cap of $1.18 billion and is expected to release its quarterly earnings report on May 01, 2024 – May 06, 2024.
There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the ATUS stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 50% Sell.
Looking further, we note the current price level is 1.94% off its SMA20 and 4.07% from its 50-day simple moving average. The RSI (14) is pointing at 50.97 while the volatility over the past week is 5.80% and jumps to 10.96% over the past one month. The beta value is 1.37, while the average true range (ATR) is currently pointing at 0.22.
Coming back to Altice USA Inc (NYSE:ATUS), we note that the average 3-month trading volume was 5.23 million, while that of the preceding 10-day period stands at 2.51 million. Current shares outstanding are 271.77 million.
The insiders hold 55.12% of the company’s shares while institutions hold 50.12%. The data shows that short shares as of Feb 29, 2024, stood at 25.7 million at a short ratio of 3.8. This represents a 5.63% short interest in shares outstanding on Feb 29, 2024. Shares short rose in February from the previous month at 23.99 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -20.62% down in year-to-date price movement.
