Altice USA Inc. (NYSE:ATUS) Relative Strength Index (RSI) is 69.44, with weekly volatility at 2.26% and ATR at 0.79. The ATUS stock’s 52-week price range has touched low of $21.97 and a $38.30 high. Intraday shares traded counted 2.09 million, which was 45.01% higher than its 30-day average trading volume of 3.80M. Its shares traded higher over the last trading session, gaining 2.72% on 05/14/21. The shares fell to a low of $36.73 before closing at $37.83. ATUS’s previous close was $36.83 while the outstanding shares total 274.02M. The firm has a beta of 1.11, a 12-month trailing P/E ratio of 27.82, and a growth ratio of 0.52.
Investors have identified the Telecom Services company Altice USA Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $10.37 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Altice USA Inc. (ATUS) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For ATUS, the company has in raw cash 220.84 million on their books with 1.26 billion currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 830.86 million total, with 3.19 billion as their total liabilities.
Having a look at the company’s valuation, the company is expected to record 2.25 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on ATUS sounds very interesting.
Is the stock of ATUS attractive?
In related news, Director, Stewart Charles sold 12,922 shares of the company’s stock in a transaction that recorded on May 07. The sale was performed at an average price of 36.94, for a total value of 477,339. As the sale deal closes, the Director, Stewart Charles now sold 117,934 shares of the company’s stock, valued at 4,281,004. Also, Director, Stewart Charles sold 93,375 shares of the company’s stock in a deal that was recorded on May 05. The shares were price at an average price of 36.32 per share, with a total market value of 3,391,380. Following this completion of acquisition, the EVP, Gen. Counsel & Secy, Olsen Michael now holds 3,000 shares of the company’s stock, valued at 109,680. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.30%.
16 out of 25 analysts covering the stock have rated it a Buy, while 7 have maintained a Hold recommendation on Altice USA Inc.. 0 analysts has assigned a Sell rating on the ATUS stock. The 12-month mean consensus price target for the company’s shares has been set at $41.80.