Altus Power Inc (NYSE: AMPS) is 9.83% higher on its value in year-to-date trading and has touched a low of $2.71 and a high of $7.28 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The AMPS stock was last observed hovering at around $4.26 in the last trading session, with the day’s gains setting it 0.21%.
Currently trading at $4.47, the stock is 12.85% and 16.78% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.14 million and changing 4.93% at the moment leaves the stock 16.73% off its SMA200. AMPS registered -31.02% loss for a year compared to 6-month loss of 11.19%. The firm has a 50-day simple moving average (SMA 50) of $3.8278 and a 200-day simple moving average (SMA200) of $3.8295.
The stock witnessed a 13.16% gain in the last 1 month and extending the period to 3 months gives it a 43.73%, and is 4.68% 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 5.34% over the week and 7.16% over the month.
Altus Power Inc (AMPS) has around 93 employees, a market worth around $750.46M and $185.99M in sales. Current P/E ratio is 21.12. Profit margin for the company is 19.07%. Distance from 52-week low is 64.94% and -38.60% from its 52-week high. The company has generated returns on investments over the last 12 months (1.88%).
The EPS is expected to grow by 590.33% this year.
Altus Power Inc (AMPS) Top Institutional Holders
183.0 institutions hold shares in Altus Power Inc (AMPS), with institutional investors hold 93.78% of the company’s shares. The shares outstanding are 159.99M, and float is at 95.61M with Short Float at 8.27%. Institutions hold 56.49% 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).
