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 -30.70% away from its 52-week high, while its distance from the 52-week low is 81.55%. The stock’s price range during this period has varied between $2.71 and $7.10. The company, active in the Utilities sector, saw a trading volume of around 2.31 million for the day, considerably lower average daily volume of 2.7 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 $7.10 on 02/21/24, and the lowest price during the same period was recorded at $2.71 on 10/11/24.
How Financial Performance Impacts Market Capitalization
Altus Power Inc (AMPS) has experienced a quarterly rise of 27.79% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 787.20M 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 3.84, with a change in price of +1.82. Similarly, Altus Power Inc recorded 2,082,261 in trading volume during the last 100 days, posting a change of +58.55%.
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 2.66.
AMPS Stock Stochastic Average
As of today, the raw stochastic average of Altus Power Inc over the past 50 days is 97.89%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 97.89%. Additionally, the Stochastic %K and %D values for the company were 98.29% and 98.55%, 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 gain of 20.88%.However, over the last six months, we can see a weaker performance of 52.80%. Over the last 30 days, the price of AMPS has fallen by 37.05%. And in the last five days, it has surged by 0.82%.
