While Altus Power Inc has underperformed by -0.75%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, AMPS fell by -27.29%, with highs and lows ranging from $7.28 to $2.71, whereas the simple moving average fell by -1.16% in the last 200 days.
On August 21, 2024, Morgan Stanley Downgraded Altus Power Inc (NYSE: AMPS) to Equal-Weight. A report published by Seaport Research Partners on June 03, 2024, Initiated its previous ‘Buy’ rating for AMPS. Maxim Group Initiated an Buy rating on April 10, 2024, and assigned a price target of $7. Northland Capital initiated its ‘Outperform’ rating for AMPS, as published in its report on November 30, 2023. Morgan Stanley’s report from April 03, 2023 suggests a price prediction of $9 for AMPS shares, giving the stock a ‘Overweight’ rating. Morgan Stanley also rated the stock as ‘Overweight’.
Analysis of Altus Power Inc (AMPS)
Further, the quarter-over-quarter increase in sales is 30.17%, showing a positive trend in the upcoming months.
One of the most important indicators of Altus Power Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 7.23% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.60, 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.
For any stock, average volume can also provide valuable insight into volatility, and AMPS is recording 1.07M average volume. On a monthly basis, the volatility of the stock is set at 6.70%, whereas on a weekly basis, it is put at 5.55%, with a loss of -1.73% over the past seven days. Furthermore, long-term investors anticipate a median target price of $5.72, showing growth from the present price of $3.97, which can serve as yet another indication of whether AMPS is worth investing in or should be passed over.
How Do You Analyze Altus Power Inc Shares?
The Utilities – Renewable market is dominated by Altus Power Inc (AMPS) based in the USA. When comparing Altus Power Inc shares with other companies under Utilities, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 18.76, there is a growth in quarterly earnings of 222.66%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. 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 42.77%. 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 52.85% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
AMPS shares are owned by institutional investors to the tune of 52.85% at present.
