The trading price of Altice USA Inc (NYSE:ATUS) closed lower on Tuesday, April 23, closing at $1.91, -0.52% lower than its previous close.
The company’s P/E ratio in the trailing 12-month period was 16.35. In examining the 52-week price action we see that the stock hit a 52-week high of $3.82 and a 52-week low of $1.75. Over the past month, the stock has lost -24.21% in value.
Altice USA Inc, whose market valuation is $871.19 million at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0.0 per share this quarter, however they have predicted annual earnings per share of 0.26 for current year and 0.31 for next year.
Analysts have forecast the company to bring in revenue of 2.24B for the current quarter, with the likely lows of 2.22B and highs of 2.27B. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 9.01B.
On the technical side, indicators suggest ATUS has a 100% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
A quick review shows that ATUS’s price is currently -17.69% off the SMA20 and -20.89% off the SMA50. The RSI metric on the 14-day chart is currently showing 31.01, and weekly volatility stands at 6.61%. When measured over the past 30 days, the indicator reaches 6.69%. Altice USA Inc (NYSE:ATUS)’s beta value is currently sitting at 1.38, while the Average True Range indicator is currently displaying 0.17.
To see how Altice USA Inc stock has been performing in comparison to its peers in the industry, here are the numbers: ATUS stock’s performance was -0.52% in the latest trading, and -34.14% in the past year. Altice USA Inc has a P/E ratio of 16.35.
An evaluation of the daily trading volume of Altice USA Inc (NYSE:ATUS) indicates that the 3-month average is 4.02 million.
Currently, records show that 271.77 million of the company’s shares remain outstanding. The insiders hold 55.67% of outstanding shares, whereas institutions hold 51.08%. However, since the stock’s price has seen -41.23% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
