While Altus Power Inc has underperformed by -1.79%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, AMPS fell by -30.21%, with highs and lows ranging from $7.28 to $2.71, whereas the simple moving average jumped by 14.68% in the last 200 days.
On December 12, 2024, JP Morgan Downgraded Altus Power Inc (NYSE: AMPS) to Underweight. A report published by Morgan Stanley on August 21, 2024, Downgraded its rating to ‘Equal-Weight’ for AMPS. Seaport Research Partners also rated AMPS shares as ‘Buy’, setting a target price of $6.50 on the company’s shares in an initiating report dated June 03, 2024. Maxim Group initiated its ‘Buy’ rating for AMPS, as published in its report on April 10, 2024. Northland Capital’s report from November 30, 2023 suggests a price prediction of $10 for AMPS shares, giving the stock a ‘Outperform’ 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.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Altus Power Inc’s future performance, with equity being one of the most critical indicators. 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.
As an indicator of volatility for any stock, average volume can also be very valuable, and AMPS is recording an average volume of 1.23M. On a monthly basis, the volatility of the stock is set at 7.18%, whereas on a weekly basis, it is put at 4.80%, with a gain of 3.78% over the past seven days. Furthermore, long-term investors anticipate a median target price of $5.56, showing growth from the present price of $4.39, 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?
Altus Power Inc (AMPS) is based in the USA and is one of the most prominent companies operating in the Utilities – Renewable market. 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 20.75, there is a growth in quarterly earnings of 222.66%.
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. 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 40.24%. 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 52.92% 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 52.92% at present.
