With 2.14 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.15 million shares. The 52-week range on ATUS shows that it touched its highest point at $3.20 and its lowest point at $1.52 during that stretch. It currently has a 1-year price target of $2.76. Beta for the stock currently stands at 1.58.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ATUS was down-trending over the past week, with a drop of -1.78%, but this was down by -3.50% over a month. Three-month performance surged to 9.96% while six-month performance rose 49.19%. The stock lost -7.69% in the past year, while it has gained 14.52% so far this year. A look at the trailing 12-month EPS for ATUS yields -0.22 with Next year EPS estimates of -0.08. For the next quarter, that number is -0.07. This implies an EPS growth rate of 22.48% for this year and 55.04% for next year.
Float and Shares Shorts:
At present, 278.98 million ATUS shares are outstanding with a float of 231.20 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ATUS since 18 analysts follow the stock currently. There are 8 analysts who recommend BUY ratings, while 2 suggest SELL ratings. Of the remaining analysts, 8 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $0.1 being high and -$0.21 being low. For ATUS, this leads to a yearly average estimate of -$0.06. Based on analyst estimates, the high estimate for the next quarter is $0.06 and the low estimate is -$0.18. The average estimate for the next quarter is thus -$0.05.
Summary of Insider Activity:
Insiders traded ATUS stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.
