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Tuesday, March 21, 2023

There Is A Quest For Clarity Surrounding Altice USA Inc. (NYSE: ATUS) Volatility

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Altice USA Inc. (ATUS) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.10, or 2.54%, to $4.04. The Altice USA Inc. has recorded 23,599 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Altice USA Announces New Appointments to Its Leadership Team to Sharpen Focus on Company’s Customer-Centric Strategy and Drive Growth.

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Stocks Info

ATUS belongs to the Communication Services sector of the NYSE while operating in the Telecom Services industry. At the end of the last regular session, the stock closed at $3.94 and fluctuated between $4.2000 as its day high and $3.9300 as its day low. The current market capitalization of Altice USA Inc. is $1.80B. A total of 4.97 million shares were traded on the day, compared to an average of 4.81M shares.

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, ATUS has seen 1 BUY and 5 SELL insider trades, representing the acquisition of 86,207 and the disposition of 432,815 shares. Over the last 12 months, there were 10 BUYs and 6 SELLs from insiders. Insiders purchased 3,711,428 shares during that period but sold 464,375.

In the most recent transaction, Stewart Charles sold 31,560 shares of ATUS for 9.99 per share on Sep 13. After the transaction, the Director now owns 1,323,925 company shares.


Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. ATUS’s most recent ex-dividend date was 6/7/2018 when it declared a $2.0350 quarterly dividend that was paid in cash on 6/6/2018.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for ATUS in the last 3 months, the mean price target is $6.11 with high estimates of $18.00 and low estimates of $2.00. In terms of 52-week highs and lows, ATUS has a high of $13.17 and a low of $3.57.

As of this writing, ATUS has an earnings estimate of $0.21 per share for the current quarter. EPS was calculated based on a consensus of 16 estimates, with a high estimate of $0.28 per share and a lower estimate of $0.11. The company reported an EPS of $0.23 in the last quarter, which was -28.10% lower than expectations of $0.32.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 23 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ATUS is Sell with a score of 3.38. A total of 5 analysts rated the stock as Buy while 0 rated it as Overweight while 16 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 1 thought it should be Sold.

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