Altus Power Inc (NYSE: AMPS) is 21.38% higher on its value in year-to-date trading and has touched a low of $2.71 and a high of $5.50 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 $4.96 in the last trading session, with the day’s loss setting it -0.02%.
Currently trading at $4.94, the stock is 0.25% and 10.28% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.32 million and changing -0.40% at the moment leaves the stock 26.95% off its SMA200. AMPS registered -16.84% loss for a year compared to 6-month gain of 47.02%. The firm has a 50-day simple moving average (SMA 50) of $4.4794 and a 200-day simple moving average (SMA200) of $3.89115.
The stock witnessed a 0.82% loss in the last 1 month and extending the period to 3 months gives it a 32.44%, and is 0.20% 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 0.44% over the week and 0.62% over the month.
Altus Power Inc (AMPS) has around 93 employees, a market worth around $792.48M and $185.99M in sales. Current P/E ratio is 23.35. Profit margin for the company is 19.07%. Distance from 52-week low is 82.29% and -10.18% from its 52-week high. The company has generated returns on investments over the last 12 months (1.88%).
with sales reaching $37M over the same period.The EPS is expected to shrink by -935.26% this year, but quarterly earnings will post 17.06% year-over-year. Quarterly sales are estimated to shrink -9.00% in year-over-year returns.
Altus Power Inc (AMPS) Top Institutional Holders
204.0 institutions hold shares in Altus Power Inc (AMPS), with institutional investors hold 87.47% of the company’s shares. The shares outstanding are 159.99M, and float is at 105.91M with Short Float at 5.51%. Institutions hold 58.51% 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 13.2056% 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).
