Altair Engineering Inc’s market performance has been stable in recent times. The company’s stock hit a 1-year high of $113.12 on 10/29/24 and a low of $75.71 for the same time frame on 08/02/24.
52-week price history of ALTR Stock
Studying a stock’s 52-week price history, which includes both low and high prices, can help gauge its current status and potential future performance. Altair Engineering Inc’s current trading price is -3.62% away from its 52-week high, while its distance from the 52-week low is 44.00%. The stock’s price range during the 52-week period has remained between $75.71 and $113.12. In the Technology sector, the company’s shares saw a trading volume of around 0.22 million for the day, which was evidently lower than the average daily volume of 0.97 million over the past three months.
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Market Capitalization and Financial Performance: An In-Depth Look
Altair Engineering Inc (ALTR) has experienced a quarterly rise of 15.73% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 9.33B and boasts a workforce of 3200 employees.
Making Sense of Trading Volume and Moving Average Data
Based on Barchart.com data, the company’s moving average over the 100-day period was 97.47, with a change in price of +26.23. Similarly, Altair Engineering Inc recorded 758,954 in trading volume during the last 100 days, posting a change of +31.68%.
Examining ALTR’s Debt-to-Equity Ratio: What You Need to Know
The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for ALTR stands at 0.31. Similarly, the long-term debt-to-equity ratio is also 0.30.
ALTR Stock Stochastic Average
Altair Engineering Inc’s raw stochastic average for the past 50 days is presently 79.55%, as of today. This marks a decrease from the raw stochastic average of the last 20 days, which was 95.53%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 93.28% and 86.19%, respectively.
ALTR Stock Price Performance Analysis
The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. The index has shown a price gain of 29.55% this year. Over the last six months, there has been a weaker performance of 10.69%. The price of ALTR fallen by 3.63% during the last 30 days period. For the last 5-days stocks have improved 2.03%.
