The Psychology of Altair Engineering Inc Inc. (ALTR) Price Performance: Understanding Market Sentiment

The stock price performance over the year has been a mixed bag, resulting in a range of outlooks from optimistic to pessimistic depending on the observer. The metric has seen a significant gain of 10.42% since the start of this calendar year. Looking back over the last six months, we can see a weaker performance of 31.21%. Over the past 30 days, the price of ALTR has fallen by 8.45%. And in the last five days, it has surged by 7.40%.

Altair Engineering Inc had a pretty favorable run when it comes to the market performance. Over the past year, the company’s stock reached a high of $93.69 on 06/10/24, while the lowest price during the same period was $57.59 on 11/02/23.

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52-week price history of ALTR Stock

The history of a stock’s 52-week high and low prices can provide important information about its current state and future potential. Altair Engineering Inc’s current trading price is -0.82% away from its 52-week high, while its distance from the 52-week low is 61.35%. The stock’s price range for this period has been between $57.59 and $93.69. The Technology sector company’s shares saw a trading volume of about 1.96 million for the day, which was higher than the average daily volume of 0.35 million over the last three months.

The Connection Between Financial Performance and Market Capitalization

Altair Engineering Inc (ALTR) has experienced a quarterly rise of 12.75% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 7.72B and boasts a workforce of 3200 employees.

How Moving Averages and Trading Volume Data Work Together

Based on Barchart.com data, the company’s moving average over the 100-day period was 85.65, with a change in price of +8.10. Similarly, Altair Engineering Inc recorded 403,112 in trading volume during the last 100 days, posting a change of +9.55%.

ALTR’s Debt-to-Equity Ratio: A Comprehensive Review

A key metric for assessing a company’s financial well-being and market status is the debt-to-equity (D/E) ratio. This ratio is derived by dividing a company’s total liabilities by its shareholders’ equity, and it demonstrates the level of debt a company uses to support its assets relative to shareholder equity. At the time of writing, the total D/E ratio for ALTR stands at 0.44. Similarly, the long-term debt-to-equity ratio is also 0.33.

ALTR Stock Stochastic Average

As of today, the raw stochastic average of Altair Engineering Inc over the last 50 days is at 79.83%. This shows a increasee from the raw stochastic average of the previous 20 days, which was recorded at 67.74%. Further, the company’s Stochastic %K and %D values for the last 20 days were 31.10% and 31.56%, respectively.

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