Altice USA Inc (NYSE: ATUS): Why It’s An Attractive Pick Now

Altice USA Inc (NYSE:ATUS) price is hovering lower on Tuesday, April 16, dropping -2.93% below its previous close.

A look at today’s price movement shows that the recent level at last check reads $2.05. The company’s P/E ratio in the trailing 12-month period read 17.04. Taking into account the 52-week price action we note that the stock hit a 52-week high of $3.82 and 52-week low of $1.75. The stock subtracted -25.47% on its value in the past month.

Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give ATUS a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.

The overview shows that ATUS’s price is at present -20.05% off the SMA20 and -18.11% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 30.68, with weekly volatility standing at 7.07%. The indicator jumps to 6.71% when calculated based on the past 30 days. Altice USA Inc (NYSE:ATUS)’s beta value is holding at 1.37, while the average true range (ATR) indicator is currently reading 0.18.

An analysis of the Altice USA Inc (NYSE:ATUS) stock in terms of its daily trading volume indicates that the 3-month average is 4.24 million.

Current records show that the company has 271.77M in outstanding shares. The insiders’ percentage holdings are 55.67% of outstanding shares while the percentage share held by institutions stands at 51.18%. But the -38.77% downside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.

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