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 -50.69% away from its 52-week high, while its distance from the 52-week low is 32.47%. The stock’s price range during this period has varied between $2.71 and $7.28. The company, active in the Utilities sector, saw a trading volume of around 1.79 million for the day, considerably higher average daily volume of 0.96 million observed over the last three months.
Altus Power Inc’s stock has had a tumultuous market performance. The 1-year high for the company’s stock was $7.28 on 02/15/24, and the lowest price during the same period was recorded at $2.71 on 10/11/24.
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How Financial Performance Impacts Market Capitalization
Altus Power Inc (AMPS) has experienced a quarterly decline of -14.32% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 574.36M 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 3.65, with a change in price of -0.23. Similarly, Altus Power Inc recorded 971,846 in trading volume during the last 100 days, posting a change of -6.08%.
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 2.95. Similarly, the long-term debt-to-equity ratio is also 2.79.
AMPS Stock Stochastic Average
As of today, the raw stochastic average of Altus Power Inc over the past 50 days is 84.42%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 85.71%. Additionally, the Stochastic %K and %D values for the company were 57.47% and 42.54%, respectively, over the past 20 days.
AMPS Stock Price Performance Analysis
The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. Year to date metric has recorded a loss of -47.44%.However, over the last six months, we can see a stronger performance of -6.75%. Over the last 30 days, the price of AMPS has fallen by 5.28%. And in the last five days, it has surged by 18.48%.
