Alta Equipment Group Inc (NYSE: ALTG) is -35.93% lower on its value in year-to-date trading and has touched a low of $3.54 and a high of $12.09 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 ALTG stock was last observed hovering at around $4.04 in the last trading session, with the day’s gains setting it 0.15%.
Currently trading at $4.19, the stock is -6.56% and -21.99% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.11 million and changing 3.71% at the moment leaves the stock -38.40% off its SMA200. ALTG registered -64.34% loss for a year compared to 6-month loss of -31.65%. The firm has a 50-day simple moving average (SMA 50) of $5.371 and a 200-day simple moving average (SMA200) of $6.8017.
The stock witnessed a -25.97% gain in the last 1 month and extending the period to 3 months gives it a -41.89%, and is -2.10% 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 6.61% over the week and 10.07% over the month.
Alta Equipment Group Inc (ALTG) has around 2900 employees, a market worth around $139.07M and $1.88B in sales. Profit margin for the company is -3.47%. Distance from 52-week low is 18.36% and -65.33% from its 52-week high. The company has generated returns on investments over the last 12 months (-7.39%).
with sales reaching $436.15M over the same period.The EPS is expected to grow by 6.31% this year, but quarterly earnings will post 1.50% year-over-year. Quarterly sales are estimated to shrink -1.24% in year-over-year returns.
146.0 institutions hold shares in Alta Equipment Group Inc (ALTG), with institutional investors hold 95.78% of the company’s shares. The shares outstanding are 32.76M, and float is at 19.85M with Short Float at 7.76%. Institutions hold 69.66% of the Float.
The top institutional shareholder in the company is MILL ROAD CAPITAL MANAGEMENT LLC with over 3.56 million shares valued at $28.65 million. The investor’s holdings represent 10.7191 of the ALTG Shares outstanding. As of 2024-06-30, the second largest holder is VOSS CAPITAL, LLC with 2.98 million shares valued at $24.0 million to account for 8.9802 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 1.99 million shares representing 5.9937 and valued at over $16.02 million, while GREENHAVEN ROAD INVESTMENT MANAGEMENT, L.P. holds 5.0044 of the shares totaling 1.66 million with a market value of $13.37 million.
Alta Equipment Group Inc (ALTG) Insider Activity
The most recent transaction is an insider sale by Brubaker Craig, the company’s Chief Operating Officer. SEC filings show that Brubaker Craig sold 5,294 shares of the company’s common stock on Mar 05 ’25 at a price of $5.00 per share for a total of $26471.0. Following the sale, the insider now owns 98640.0 shares.
Alta Equipment Group Inc disclosed in a document filed with the SEC on Oct 02 ’24 that Voss Capital, LP (10% Owner) sold a total of 11,311 shares of the company’s common stock. The trade occurred on Oct 02 ’24 and was made at $6.31 per share for $71344.0. Following the transaction, the insider now directly holds 0.96 million shares of the ALTG stock.
Still, SEC filings show that on Aug 12 ’24, STUDDERT ANDREW P (Director) acquired 10,000 shares at an average price of $5.65 for $56478.0. The insider now directly holds 86,591 shares of Alta Equipment Group Inc (ALTG).
