Currently, there are 59.52M common shares owned by the public and among those 59.01M shares have been available to trade.
The company’s stock has a 5-day price change of 0.37% and 18.88% over the past three months. ALTR shares are trading 29.66% year to date (YTD), with the 12-month market performance up to 29.66% higher. It has a 12-month low price of $75.71 and touched a high of $113.12 over the same period. ALTR has an average intraday trading volume of 989.12K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.75%, 3.40%, and 16.61% respectively.
Institutional ownership of Altair Engineering Inc (NASDAQ: ALTR) shares accounts for 71.30% of the company’s 59.52M shares outstanding.
It has a market capitalization of $9.33B and a beta (3y monthly) value of 1.42. The stock’s trailing 12-month PE ratio is 290.42, while the earnings-per-share (ttm) stands at $0.38. The company has a PEG of 24.20 and a Quick Ratio of 3.25 with the debt-to-equity ratio at 0.31. Price movements for the stock have been influenced by the stock’s volatility, which stands at 0.56% over the week and 0.74% over the month.
Earnings per share for the fiscal year are expected to increase by 15.81%, and 8.61% over the next financial year.
Looking at the support for the ALTR, a number of firms have released research notes about the stock. Goldman stated their Sell rating for the stock in a research note on August 02, 2024, with the firm’s price target at $85-$71. JP Morgan coverage for the Altair Engineering Inc (ALTR) stock in a research note released on July 15, 2024 offered a Neutral rating with a price target of $95. Rosenblatt was of a view on February 23, 2024 that the stock is Neutral, while JP Morgan gave the stock Overweight rating on December 22, 2023, issuing a price target of $86. Goldman on their part issued Neutral rating on May 05, 2023.
