Altus Power Inc (NYSE: AMPS) is -52.56% lower on its value in year-to-date trading and has touched a low of $2.80 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 $3.10 in the last trading session, with the day’s gains setting it 0.14%.
Currently trading at $3.24, the stock is 0.67% and -6.04% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.86 million and changing 4.52% at the moment leaves the stock -30.95% off its SMA200. AMPS registered -39.44% loss for a year compared to 6-month loss of -32.08%. The firm has a 50-day simple moving average (SMA 50) of $3.425 and a 200-day simple moving average (SMA200) of $4.68185.
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The stock witnessed a 6.58% gain in the last 1 month and extending the period to 3 months gives it a -23.40%, and is -3.57% 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 7.02% over the week and 5.50% over the month.
Altus Power Inc (AMPS) has around 93 employees, a market worth around $518.37M and $172.39M in sales. Current P/E ratio is 23.50 and Fwd P/E is 302.24. Profit margin for the company is 13.46%. Distance from 52-week low is 15.92% and -55.49% from its 52-week high. The company has generated returns on investments over the last 12 months (1.25%).
The EPS is expected to grow by 542.86% this year
188.0 institutions hold shares in Altus Power Inc (AMPS), with institutional investors hold 101.24% of the company’s shares. The shares outstanding are 159.00M, and float is at 91.55M with Short Float at 7.66%. Institutions hold 54.54% of the Float.
The top institutional shareholder in the company is BLACKSTONE INC. with over 21.12 million shares valued at $82.78 million. The investor’s holdings represent 13.2784 of the AMPS Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 7.13 million shares valued at $27.94 million to account for 4.4827 of the shares outstanding. The other top investors are ENCOMPASS CAPITAL ADVISORS LLC which holds 4.63 million shares representing 2.9106 and valued at over $18.14 million, while ROBECO SCHWEIZ AG holds 2.5153 of the shares totaling 4.0 million with a market value of $15.68 million.
Altus Power Inc (AMPS) Insider Activity
The most recent transaction is an insider purchase by Felton Gregg J, the company’s CO-FOUNDER, CEO & PRESIDENT. SEC filings show that Felton Gregg J bought 34,139 shares of the company’s common stock on Jun 07 ’24 at a price of $3.99 per share for a total of $0.14 million. Following the purchase, the insider now owns 12.04 million shares.
Altus Power Inc disclosed in a document filed with the SEC on Jun 04 ’24 that Felton Gregg J (CO-FOUNDER, CEO & PRESIDENT) bought a total of 25,000 shares of the company’s common stock. The trade occurred on Jun 04 ’24 and was made at $3.99 per share for $99750.0. Following the transaction, the insider now directly holds 12.01 million shares of the AMPS stock.
Still, SEC filings show that on Jun 03 ’24, Felton Gregg J (CO-FOUNDER, CEO & PRESIDENT) acquired 8,285 shares at an average price of $4.03 for $33389.0. The insider now directly holds 11,985,464 shares of Altus Power Inc (AMPS).
