While Altice USA Inc has underperformed by -2.39%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ATUS fell by -21.73%, with highs and lows ranging from $3.66 to $1.52, whereas the simple moving average jumped by 9.26% in the last 200 days.
On August 02, 2024, UBS Downgraded Altice USA Inc (NYSE: ATUS) to Neutral. A report published by Goldman on July 01, 2024, Initiated its previous ‘Sell’ rating for ATUS. BofA Securities also rated ATUS shares as ‘Underperform’, setting a target price of $1.50 on the company’s shares in an initiating report dated April 24, 2024. Exane BNP Paribas April 09, 2024d its ‘Neutral’ rating to ‘Underperform’ for ATUS, as published in its report on April 09, 2024. Wells Fargo’s report from April 05, 2024 suggests a price prediction of $1 for ATUS shares, giving the stock a ‘Underweight’ rating. Exane BNP Paribas also rated the stock as ‘Neutral’.
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Analysis of Altice USA Inc (ATUS)
Further, the quarter-over-quarter decrease in sales is -3.59%, showing a negative trend in the upcoming months.
To gain a thorough understanding of Altice USA Inc’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. Taking into account the quick ratio of the company, currently set at 0.46, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and ATUS is recording an average volume of 3.60M. On a monthly basis, the volatility of the stock is set at 6.52%, whereas on a weekly basis, it is put at 4.25%, with a gain of 1.66% over the past seven days. Furthermore, long-term investors anticipate a median target price of $2.31, showing decline from the present price of $2.45, which can serve as yet another indication of whether ATUS is worth investing in or should be passed over.
How Do You Analyze Altice USA Inc Shares?
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 55.52%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 46.69% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
ATUS shares are owned by institutional investors to the tune of 46.69% at present.
