Altair Engineering Inc (ALTR) concluded trading on Thursday at a closing price of $103.99, with 6.33 million shares of worth about $658.27 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 27.20% during that period and on October 31, 2024 the price saw a loss of about -4.27%. Currently the company’s common shares owned by public are about 84.89M shares, out of which, 58.31M shares are available for trading.
Stock saw a price change of -0.48% in past 5 days and over the past one month there was a price change of 9.66%. Year-to-date (YTD), ALTR shares are showing a performance of 23.58% which increased to 67.40% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $57.59 but also hit the highest price of $113.12 during that period. The average intraday trading volume for Altair Engineering Inc shares is 443.15K. The stock is currently trading 4.86% above its 20-day simple moving average (SMA20), while that difference is up 10.63% for SMA50 and it goes to 16.16% higher than SMA200.
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Altair Engineering Inc (NASDAQ: ALTR) currently have 84.89M outstanding shares and institutions hold larger chunk of about 71.38% of that.
The stock has a current market capitalization of $8.83B and its 3Y-monthly beta is at 1.45. PE ratio of stock for trailing 12 months is 345.02, while it has posted earnings per share of $0.30 in the same period. Its PEG reads 28.75 and has Quick Ratio of 3.11 while making debt-to-equity ratio of 0.33. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ALTR, volatility over the week remained 4.19% while standing at 3.80% over the month.
Stock’s fiscal year EPS is expected to rise by 14.13% while it is estimated to increase by 9.43% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Goldman on August 02, 2024 offering a Sell rating for the stock and assigned a target price range of between $85 and $71 to it. Coverage by JP Morgan stated Altair Engineering Inc (ALTR) stock as a Neutral in their note to investors on July 15, 2024, suggesting a price target of $95 for the stock. On February 23, 2024, Rosenblatt Downgrade their recommendations, while on December 22, 2023, JP Morgan Initiated their ratings for the stock with a price target of $86. Stock get a Neutral rating from Goldman on May 05, 2023.
