Altus Power Inc (NYSE: AMPS) is -30.45% lower on its value in year-to-date trading and has touched a low of $4.08 and a high of $7.28 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 AMPS stock was last observed hovering at around $4.69 in the last trading session, with the day’s gains setting it 0.06%.
Currently trading at $4.75, the stock is -11.21% and -19.25% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.89 million and changing 1.28% at the moment leaves the stock -17.97% off its SMA200. AMPS registered -13.32% loss for a year compared to 6-month gain of -1.04%. The firm has a 50-day simple moving average (SMA 50) of $12.77 and a 200-day simple moving average (SMA200) of $26.61.
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The stock witnessed a -31.16% loss in the last 1 month and extending the period to 3 months gives it a -30.15%, and is 6.50% up 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 4.94% over the week and 6.73% over the month.
Altus Power Inc (AMPS) has around 93 employees, a market worth around $755.63M and $155.16M in sales. Fwd P/E is 23.66. Profit margin for the company is -6.03%. Distance from 52-week low is 16.42% and -34.75% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.52%).
Altus Power Inc quarterly earnings per share for the current quarter are estimated at -$0.04 with sales reaching $44.36M over the same period.The EPS is expected to grow by 38.87% this year, but quarterly earnings will post 38.70% year-over-year. Quarterly sales are estimated to grow 51.00% in year-over-year returns.
203 institutions hold shares in Altus Power Inc (AMPS), with institutional investors hold 104.83% of the company’s shares. The shares outstanding are 159.00M, and float is at 77.99M with Short Float at 9.75%. Institutions hold 53.56% of the Float.
The top institutional shareholder in the company is Blackstone Inc with over 21.12 million shares valued at $114.03 million. The investor’s holdings represent 13.28% of the AMPS Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 6.16 million shares valued at $33.26 million to account for 3.87% of the shares outstanding. The other top investors are ValueAct Holdings, L.P. which holds 4.02 million shares representing 2.53% and valued at over $21.7 million, while Robeco Schweiz AG holds 2.52% of the shares totaling 4.0 million with a market value of $21.6 million.
Altus Power Inc (AMPS) Insider Activity
The most recent transaction is an insider purchase by Felton Gregg J, the company’s CO-FOUNDER CO-CEO CO-PRESIDENT. SEC filings show that Felton Gregg J bought 12,500 shares of the company’s common stock on Mar 28 ’24 at a price of $4.78 per share for a total of $59750.0. Following the purchase, the insider now owns 11.89 million shares.
Altus Power Inc disclosed in a document filed with the SEC on Mar 01 ’24 that NORELL LARS (CO-FOUNDER CO-CEO CO-PRESIDENT) sold a total of 40,000 shares of the company’s common stock. The trade occurred on Mar 01 ’24 and was made at $6.86 per share for $0.27 million. Following the transaction, the insider now directly holds 21.61 million shares of the AMPS stock.
Still, SEC filings show that on Feb 16 ’24, Savino Anthony (COFOUNDER,CHIEF CONST. OFFICER) disposed off 4,598 shares at an average price of $7.15 for $32876.0. The insider now directly holds 3,887,663 shares of Altus Power Inc (AMPS).
