After Hours
It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Recently, Yahoo Finance discussed the stock, revealing that Altair Held “Altair Student Tech Party” Event Integrated Student Tech Activities.
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Stocks Info
Altair Engineering Inc is listed on the NASDAQ in the Technology sector while operating in the Software – Infrastructure industry. At the end of the last regular session, the stock closed at $87.68 and fluctuated between $88.86 as its day high and $86.82 as its day low. The current market capitalization of Altair Engineering Inc is $7.16B. A total of 0.59 million shares were traded on the day, compared to an average of 381.29K shares.
Insider Activity
Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, ALTR has seen 7 BUY and 17 SELL insider trades, representing the acquisition of 25,511 and the disposition of 27,471 shares. Over the last 12 months, there were 94 BUYs and 155 SELLs from insiders. Insiders purchased 1,369,199 shares during that period but sold 1,308,807.
In the most recent transaction, Scapa James Ralph sold 10,000 shares of ALTR for 83.73 per share on Jan 16. After the transaction, the Chief Executive Officer now owns 0 company shares. In a previous transaction on Jan 16, JRS Investments LLC sold 5,000 shares at 83.73 per share. ALTR shares that 10% Owner owns now total 0.
Among the insiders who sold shares, James R. Scapa Declaration of disposed of 5,000 shares on Jan 16 at a per-share price of $83.73. This resulted in the 10% Owner holding 0 shares of ALTR after the transaction. In another insider transaction, Scapa James Ralph sold 10,000 shares at $74.12 per share on Dec 18. Company shares held by the Chief Executive Officer now total 0.
Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for ALTR in the last 3 months, the mean price target is $81.13 with high estimates of $95.00 and low estimates of $64.00. In terms of 52-week highs and lows, ALTR has a high of $88.36 and a low of $50.89.
As of this writing, ALTR has an earnings estimate of $0.41 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of $0.46 per share and a lower estimate of $0.39. The company reported an EPS of $0.15 in the last quarter, which was 7.10% higher than expectations of $0.14.
Balance Sheet Annually/Quarterly
As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. ALTR’s latest balance sheet shows that the firm has $413.74M in Cash & Short Term Investments as of fiscal 2021. There were $229.19M in debt and $473.98M in liabilities at the time. Its Book Value Per Share was $7.79, while its Total Shareholder’s Equity was $613.98M.
Analysts Opinion
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. Currently, 0 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 ALTR is Buy with a score of 4.22.
