Altus Power Inc (NYSE: AMPS) Could Be Viewed Differently By Investors Because Of These Numbers

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Recently, Yahoo Finance discussed the stock, revealing that Altus Power, Inc. Announces Date for Release of Full Year 2023 Financial Results and Conference Call.

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Stocks Info

The company is listed on the NYSE and operates within the Utilities – Renewable industry segment. At the end of the last regular session, the stock closed at $7.08 and fluctuated between $7.10 as its day high and $6.83 as its day low. The current market capitalization of Altus Power Inc is $1.13B. A total of 0.93 million shares were traded on the day, compared to an average of 1.07M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, AMPS has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 23 BUYs and 9 SELLs from insiders. Insiders purchased 3,570,556 shares during that period but sold 3,055,000.

In the most recent transaction, Savino Anthony sold 15,275 shares of AMPS for 7.14 per share on Feb 15. After the transaction, the COFOUNDER,CHIEF CONST. OFFICER now owns 3,892,261 company shares. In a previous transaction on Feb 14, Savino Anthony sold 34,725 shares at 7.02 per share. AMPS shares that COFOUNDER,CHIEF CONST. OFFICER owns now total 3,907,536.

Among the insiders who sold shares, NORELL LARS disposed of 40,000 shares on Feb 01 at a per-share price of $5.58. This resulted in the CO-FOUNDER CO-CEO CO-PRESIDENT holding 21,654,907 shares of AMPS after the transaction. In another insider transaction, NORELL LARS sold 40,000 shares at $6.81 per share on Jan 02. Company shares held by the CO-FOUNDER CO-CEO CO-PRESIDENT now total 21,694,907.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for AMPS in the last 3 months, the mean price target is $8.63 with high estimates of $10.00 and low estimates of $7.00. In terms of 52-week highs and lows, AMPS has a high of $7.42 and a low of $4.08.

As of this writing, AMPS has an earnings estimate of $Digital Turbine, Inc. per share for the current quarter. EPS was calculated based on a consensus of GraniteShares 1x Short AMD Dail estimates, with a high estimate of $Amprius Technologies, Inc. per share and a lower estimate of $COMPASS Pathways Plc – American.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. AMPS’s latest balance sheet shows that the firm has $325.98M in Cash & Short Term Investments as of fiscal 2021. There were $545.98M in debt and $32.89M in liabilities at the time. Its Book Value Per Share was $2.93, while its Total Shareholder’s Equity was $341.54M.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. 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 AMPS is Buy with a score of 5.00.

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