Altus Power Inc (NYSE: AMPS) is 20.88% higher on its value in year-to-date trading and has touched a low of $2.71 and a high of $6.84 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 $4.94 in the last trading session, with the day’s loss setting it -0.02%.
Currently trading at $4.92, the stock is 0.26% and 13.25% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.26 million and changing -0.40% at the moment leaves the stock 27.76% off its SMA200. AMPS registered -28.70% loss for a year compared to 6-month gain of 65.66%.
The stock witnessed a 24.24% loss in the last 1 month and extending the period to 3 months gives it a 21.78%, and is 0.00% 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 0.47% over the week and 0.87% over the month.
Altus Power Inc (AMPS) has around 93 employees, a market worth around $787.20M and $185.99M in sales. Current P/E ratio is 23.25. Profit margin for the company is 19.07%. Distance from 52-week low is 81.55% and -28.07% 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 680.07% this year
The shares outstanding are 159.99M, and float is at 105.91M with Short Float at 4.80%.
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 13.2056 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 2.8946 and valued at over $18.14 million, while ROBECO SCHWEIZ AG holds 2.5015 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 sale by Weber Dustin, the company’s CHIEF FINANCIAL OFFICER. SEC filings show that Weber Dustin sold 9,162 shares of the company’s common stock on Feb 20 ’25 at a price of $4.91 per share for a total of $44985.0. Following the sale, the insider now owns 2.0 million shares.
Altus Power Inc disclosed in a document filed with the SEC on Feb 20 ’25 that Savino Anthony (COFOUNDER,CHIEF CONST. OFFICER) sold a total of 8,823 shares of the company’s common stock. The trade occurred on Feb 20 ’25 and was made at $4.91 per share for $43321.0. Following the transaction, the insider now directly holds 4.09 million shares of the AMPS stock.
Still, SEC filings show that on Feb 20 ’25, Felton Gregg J (CO-FOUNDER, CEO & PRESIDENT) disposed off 71,161 shares at an average price of $4.91 for $0.35 million. The insider now directly holds 4,023,696 shares of Altus Power Inc (AMPS).
