Altair Engineering Inc. (NASDAQ:ALTR) shares fell to a low of $65.40 before closing at $66.96. Intraday shares traded counted 0.71 million, which was -135.93% lower than its 30-day average trading volume of 300.89K. ALTR’s previous close was $67.03 while the outstanding shares total 74.65M. The firm has a beta of 1.50. The stock’s Relative Strength Index (RSI) is 57.03, with weekly volatility at 2.78% and ATR at 2.09. The ALTR stock’s 52-week price range has touched low of $35.79 and a $69.00 high. The stock traded lower over the last trading session, losing -0.10% on 06/02/21.
Investors have identified the Software – Infrastructure company Altair Engineering 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 $5.04 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.
Altair Engineering Inc. (ALTR) 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 ALTR, the company has in raw cash 243.36 million on their books with 191.49 million 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 378.76 million total, with 359.39 million as their total liabilities.
ALTR were able to record 33.53 million as free cash flow during the 08/12/2021 quarter of the year, this saw their quarterly net cash flow reduce by 1.95 million. In cash movements, the company had a total of 36.57 million as operating cash flow.
Potential earnings growth for Altair Engineering Inc. (ALTR)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/12/2021 quarter of the year, Altair Engineering Inc. recorded a total of 150.16 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 12.45% coming in sequential stages and their sales for the 08/12/2021 quarter increasing by 11.14%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 33.42 million trying to sell their products during the last quarter, with the result yielding a gross income of 116.74 million. This allows shareholders to hold on to 74.65M with the recently reported earning now reading 0.19 cents per share. This is a figure that compared to analyst’s prediction for their 08/12/2021 (0.23 cents a share).
Having a look at the company’s valuation, the company is expected to record 0.01 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 ALTR sounds very interesting.
Is the stock of ALTR attractive?
In related news, 10% Owner, JRS Investments LLC sold 6,130 shares of the company’s stock in a transaction that recorded on May 19. The sale was performed at an average price of 60.94, for a total value of 373,550. As the sale deal closes, the 10% Owner, James R. Scapa Declaration of now sold 12,980 shares of the company’s stock, valued at 795,170. Also, Chief Executive Officer, Scapa James Ralph sold 19,110 shares of the company’s stock in a deal that was recorded on May 19. The shares were price at an average price of 61.16 per share, with a total market value of 1,168,719. Following this completion of acquisition, the Chief Executive Officer, Scapa James Ralph now holds 32,960 shares of the company’s stock, valued at 2,124,877. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.80%.
4 out of 7 analysts covering the stock have rated it a Buy, while 3 have maintained a Hold recommendation on Altair Engineering Inc.. 0 analysts has assigned a Sell rating on the ALTR stock. The 12-month mean consensus price target for the company’s shares has been set at $70.60.