Altus Power Inc (NYSE:AMPS) shares, rose in value, with the stock price up by 0.56% to the previous day’s close as strong demand from buyers drove the stock to $3.62.
Actively observing the price movement in the last trading, the stock closed the session at $3.60. Referring to stock’s 52-week performance, its high was $7.28, and the low was $3.40. On the whole, AMPS has fluctuated by -24.11% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 213.68M, with a low estimate of 37.52M and a high estimate of 45M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 41.44M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that AMPS’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of AMPS currently trading nearly -14.84% and -32.10% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 30.75, while the 7-day volatility ratio is showing 5.91% which for the 30-day chart, stands at 5.46%. Furthermore, Altus Power Inc (AMPS)’s beta value is 0.98, and its average true range (ATR) is 0.27.
A comparison of Altus Power Inc (AMPS) with its peers suggests the former has fared considerably weaker in the market. AMPS showed an intraday change of 0.56% in last session, and over the past year, it shrunk by -18.65%%.
Data on historical trading for Altus Power Inc (NYSE:AMPS) indicates that the trading volumes over the past 3 months, they’ve averaged 1.15 million. According to company’s latest data on outstanding shares, there are 159.00 million shares outstanding.
Nearly 51.73% of Altus Power Inc’s shares belong to company insiders and institutional investors own 46.79% of the company’s shares. The stock has fallen by -47.00% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AMPS stock heading into the next quarter.
