In yesterday’s Wall Street session, Altus Power Inc (NYSE:AMPS) shares traded at $4.87, unchanged from the previous session.
AMPS stock price is now 21.83% away from the 50-day moving average and 28.95% away from the 200-day moving average. The market capitalization of the company currently stands at $779.20M.
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With the price target reduced from $6 to $5, B. Riley Securities Downgraded its rating from Buy to Neutral for Altus Power Inc (NYSE: AMPS). , while ‘Morgan Stanley’ rates the stock as ‘Equal-Weight’
In other news, Felton Gregg J, CO-FOUNDER, CEO & PRESIDENT bought 34,139 shares of the company’s stock on Jun 07 ’24. The stock was bought for $136,215 at an average price of $3.99. Upon completion of the transaction, the CO-FOUNDER, CEO & PRESIDENT now directly owns 12,044,603 shares in the company, valued at $58.66 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 04 ’24, CO-FOUNDER, CEO & PRESIDENT Felton Gregg J bought 25,000 shares of the business’s stock. A total of $99,750 was incurred on buying the stock at an average price of $3.99. This leaves the insider owning 12,010,464 shares of the company worth $58.49 million. A total of 40.24% of the company’s stock is owned by insiders.
During the past 12 months, Altus Power Inc has had a low of $2.71 and a high of $7.28. As of last week, the company has a debt-to-equity ratio of 2.95, a current ratio of 0.60, and a quick ratio of 0.60. According to the stock market information, the enterprise value for the company is $2267850752, which is based on a 23.02 price-to-earnings ratio, a 0.53 price-to-earnings-growth ratio, and a beta of 1.04. The fifty day moving average price for AMPS is $3.9974 and a two-hundred day moving average price translates $3.7767 for the stock.
The latest earnings results from Altus Power Inc (NYSE: AMPS) was released for 2024-09-30. The net profit margin was 19.07% and return on equity was 7.23% for AMPS. The company reported revenue of $58.68 million for the quarter, compared to $45.08 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 30.17 percent. For the current quarter, analysts expect AMPS to generate $47.06M in revenue.
