Altice USA Inc (NYSE:ATUS) price on Thursday, April 10, fall -9.39% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $2.22.
A look at the stock’s price movement, the close in the last trading session was $2.45, moving within a range at $2.15 and $2.39. The beta value (5-Year monthly) was 1.653. Turning to its 52-week performance, $3.20 and $1.52 were the 52-week high and 52-week low respectively. Overall, ATUS moved -10.12% over the past month.
Altice USA Inc’s market cap currently stands at around $1.03 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-12.
Analysts have a consensus estimate of 2.16B for the company’s revenue for the quarter, with a low and high estimate of 2.13B and 2.18B respectively. The average forecast suggests down to a -4.09% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 8.57B, representing a -4.31% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ATUS is a 50% Sell. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
18 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 8 analyst(s) rate the stock as a Hold, 8 recommend ATUS as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 2 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
ATUS’s current price about -13.82% and -16.69% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 36.41, while 7-day volatility ratio is 14.55% and 7.07% in the 30-day chart. Further, Altice USA Inc (ATUS) has a beta value of 1.65, and an average true range (ATR) of 0.20. Analysts have given the company’s stock an average 52-week price target of $13, forecast between a low of $1 and high of $43. Looking at the price targets, the low is 54.95% off current price level while to achieve the yearly target high, price needs to move -1836.94%. Nonetheless, investors will most likely welcome a -485.59% jump to $13 which is the analysts’ median price.
If we refocus on Altice USA Inc (NYSE:ATUS), historical trading data shows that trading volumes averaged 3.83 over the past 10 days and 3.04 million over the past 3 months. The company’s latest data on shares outstanding shows there are 278.98 million shares.
The 50.67% of Altice USA Inc’s shares are in the hands of company insiders while institutional holders own 53.19% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 22.55 million on 2025-03-14, giving us a short ratio of 7.83. The data shows that as of 2025-03-14 short interest in Altice USA Inc (ATUS) stood at 1391.9999999999998 of shares outstanding, with shares short rising to 21.38 million registered in 2025-02-14. Current price change has pushed the stock -7.88% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ATUS stock continues to rise going into the next quarter.
