Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Altus Power Inc’s current trading price is -39.42% away from its 52-week high, while its distance from the 52-week low is 8.09%. The stock’s price range during this period has varied between $4.08 and $7.28. The company, active in the Utilities sector, saw a trading volume of around 0.95 million for the day, considerably lower average daily volume of 1.1 million observed over the last three months.
Altus Power Inc had a pretty Dodgy run when it comes to the market performance. Over the past year, the company’s stock reached a high of $7.28 on 02/15/24, while the lowest price during the same period was $4.08 on 05/02/23.
How Financial Performance Impacts Market Capitalization
Altus Power Inc (AMPS) has experienced a quarterly decline of -27.47% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 701.54M and boasts a workforce of 93 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 5.77, with a change in price of -0.98. Similarly, Altus Power Inc recorded 1,092,637 in trading volume during the last 100 days, posting a change of -18.18%.
How AMPS’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for AMPS stands at 3.11. Similarly, the long-term debt-to-equity ratio is also 3.01.
AMPS Stock Stochastic Average
As of today, the raw stochastic average of Altus Power Inc over the last 50 days is at 3.37%. This shows a declinee from the raw stochastic average of the previous 20 days, which was recorded at 5.92%. Further, the company’s Stochastic %K and %D values for the last 20 days were 13.61% and 16.87%, respectively.
AMPS Stock Price Performance Analysis
Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. This year’s metric has recorded a Price decrease of -35.43%. However, over the past six months, we’ve seen a stronger performance of -15.68%. The price of AMPS leaped by -26.38% over the last 30 days. And in the last five days, it has fallen by -6.17%.
