Altice USA Inc (ATUS) down -37.23% since start of the year

Altice USA Inc (NYSE: ATUS) is -37.23% lower on its value in year-to-date trading and has touched a low of $1.75 and a high of $4.82 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ATUS stock was last observed hovering at around $2.02 in the last trading session, with the day’s gains setting it 0.02%.

Currently trading at $2.04, the stock is -15.19% and -18.16% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.98 million and changing 0.99% at the moment leaves the stock -27.99% off its SMA200. ATUS registered -56.50% loss for a year compared to 6-month loss of -40.35%. The firm has a 50-day simple moving average (SMA 50) of $2.80 and a 200-day simple moving average (SMA200) of $7.38.

#1 Small-Cap Uranium Stock for Ultra-Fast Gains in 2024

We've uncovered THE ONE small-cap uranium stock that has unearthed a near-surface, high-grade uranium discovery in the Saudi Arabia of Uranium — Canada's prolific Athabasca Basin. Best of all, this small-cap uranium stock is currently flying just below Wall Street's radar… giving you the early-entry opportunity around US$0.30 per share. But that won't last long. Drills are turning right now with results set to be released to the market very, very soon.

Learn all about it in this brand new FREE online report.
Sponsored

The stock witnessed a -24.16% gain in the last 1 month and extending the period to 3 months gives it a -17.74%, and is -7.27% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.49% over the week and 7.76% over the month.

Altice USA Inc (ATUS) has around Jun 07 2018 employees, a market worth around $1.30B and $9.30B in sales. Fwd P/E is 5.65. Profit margin for the company is -0.24%. Distance from 52-week low is 16.91% and -57.68% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.09%).

Altice USA Inc quarterly earnings per share for the current quarter are estimated at $0.07 with sales reaching $2.29B over the same period.The EPS is expected to grow by 12.92% this year, but quarterly earnings will post -4.30% year-over-year. Quarterly sales are estimated to shrink -3.30% in year-over-year returns.

Altice USA Inc (ATUS) Top Institutional Holders

247 institutions hold shares in Altice USA Inc (ATUS), with institutional investors hold 60.08% of the company’s shares. The shares outstanding are 639.09M, and float is at 389.13M with Short Float at 6.16%. Institutions hold 53.09% of the Float.

The top institutional shareholder in the company is Clarkston Capital Partners LLC with over 38.14 million shares valued at $115.18 million. The investor’s holdings represent 8.39% of the ATUS Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 22.0 million shares valued at $66.43 million to account for 4.84% of the shares outstanding. The other top investors are AQR Capital Management, LLC which holds 17.14 million shares representing 3.77% and valued at over $51.77 million, while Redwood Capital Management, LLC holds 3.52% of the shares totaling 16.02 million with a market value of $48.39 million.

Altice USA Inc (ATUS) Insider Activity

A total of 1 insider transactions have happened at Altice USA Inc (ATUS) in the last six months, with sales accounting for 1 and purchases happening 0 times.

Altice USA Inc (ATUS): Who are the competitors?

The company’s main competitors (and peers) include SoftBank Group Corp. (SFTBF) that is trading 21.73% up over the past 12 months. Orange Polska S.A. (PTTWF) that is -40.00% lower over the same period.