Altice USA Inc (ATUS): Not A Time To Panic Nor Freeze

Altice USA Inc (ATUS) concluded trading on Wednesday at a closing price of $2.71, with 9.39 million shares of worth about $25.44 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 69.38% during that period and on February 12, 2025 the price saw a loss of about -6.87%. Currently the company’s common shares owned by public are about 276.97M shares, out of which, 219.13M shares are available for trading.

Stock saw a price change of -3.90% in past 5 days and over the past one month there was a price change of 11.52%. Year-to-date (YTD), ATUS shares are showing a performance of 12.45% which increased to 32.84% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.52 but also hit the highest price of $3.18 during that period. The average intraday trading volume for Altice USA Inc shares is 3.16 million. The stock is currently trading -4.46% below its 20-day simple moving average (SMA20), while that difference is up 2.90% for SMA50 and it goes to 18.41% higher than SMA200.

Altice USA Inc (NYSE: ATUS) currently have 276.97M outstanding shares and institutions hold larger chunk of about 51.46% of that.

The stock has a current market capitalization of $1.25B and its 3Y-monthly beta is at 1.59. It has posted earnings per share of -$0.37 in the same period. It has Quick Ratio of 0.41. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ATUS, volatility over the week remained 7.43% while standing at 6.05% over the month.

Stock’s fiscal year EPS is expected to drop by -157.86% while it is estimated to increase by 95.27% in next year. EPS is likely to shrink at an annualized rate of -10.31% for next 5-years, compared to annual growth of 35.28% made by the stock over the past 5-years.

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 UBS on August 02, 2024 offering a Neutral rating for the stock and assigned a target price range of between $4 and $2 to it. Coverage by Goldman stated Altice USA Inc (ATUS) stock as a Sell in their note to investors on July 01, 2024, suggesting a price target of $2 for the stock. Stock get an Underperform rating from Exane BNP Paribas on April 09, 2024.

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