Alta Equipment Group Stock Price on August 12, 2024
| ALTG Stock | USD 6.71 0.06 0.90% |
Below is the normalized historical share price chart for Alta Equipment Group extending back to April 25, 2019. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Alta Equipment stands at 6.71, as last reported on the 23rd of December, with the highest price reaching 6.83 and the lowest price hitting 6.45 during the day.
If you're considering investing in Alta Stock, it is important to understand the factors that can impact its price. At this point, Alta Equipment is somewhat reliable. Alta Equipment Group secures Sharpe Ratio (or Efficiency) of 0.0341, which signifies that the company had a 0.0341% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Alta Equipment Group, which you can use to evaluate the volatility of the firm. Please confirm Alta Equipment's Risk Adjusted Performance of 0.0222, mean deviation of 2.93, and Downside Deviation of 3.71 to double-check if the risk estimate we provide is consistent with the expected return of 0.14%.
At this time, Alta Equipment's Stock Based Compensation To Revenue is most likely to slightly decrease in the upcoming years. . At this time, Alta Equipment's Price Book Value Ratio is most likely to increase significantly in the upcoming years. The Alta Equipment's current Price To Operating Cash Flows Ratio is estimated to increase to 6.61, while Price Earnings To Growth Ratio is projected to decrease to (1.25). Alta Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 25th of April 2019 | 200 Day MA 8.5663 | 50 Day MA 7.1308 | Beta 1.67 |
Alta |
Sharpe Ratio = 0.0341
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Estimated Market Risk
| 4.03 actual daily | 35 65% of assets are more volatile |
Expected Return
| 0.14 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average Alta Equipment is performing at about 2% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Alta Equipment by adding it to a well-diversified portfolio.
Price Book 2.3109 | Enterprise Value Ebitda 8.3641 | Price Sales 0.1164 | Shares Float 18.5 M | Dividend Share 0.228 |
Alta Equipment Valuation on August 12, 2024
It is possible to determine the worth of Alta Equipment on a given historical date. On August 12, 2024 Alta was worth 5.86 at the beginning of the trading date compared to the closed value of 5.65. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Alta Equipment stock. Still, in general, we apply an absolute valuation method to find Alta Equipment's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Alta Equipment where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Alta Equipment's related companies.
| Open | High | Low | Close | Volume | |
| 6.25 | 6.28 | 5.67 | 5.90 | 914,600 | |
08/12/2024 | 5.86 | 5.89 | 5.30 | 5.65 | 863,500 |
| 5.65 | 5.70 | 5.30 | 5.49 | 676,500 |
| Backtest Alta Equipment | | | Alta Equipment History | | | Alta Equipment Valuation | Previous | Next |
Alta Equipment Trading Date Momentum on August 12, 2024
| On August 13 2024 Alta Equipment Group was traded for 5.49 at the closing time. The top price for the day was 5.70 and the lowest listed price was 5.30 . The trading volume for the day was 676.5 K. The trading history from August 13, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 2.83% . The overall trading delta against the current closing price is 10.44% . |
Alta Equipment Group Fundamentals Correlations and Trends
By evaluating Alta Equipment's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Alta Equipment's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Alta financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Alta Equipment Stock history
Alta Equipment investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Alta is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Alta Equipment Group will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Alta Equipment stock prices may prove useful in developing a viable investing in Alta Equipment
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 32.9 M | 25.2 M | |
| Net Income Applicable To Common Shares | 5.7 M | 6 M |
Alta Equipment Stock Technical Analysis
Alta Equipment technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Alta Equipment Period Price Range
Low | December 23, 2024
| High |
0.00 | 0.00 |
Alta Equipment Group cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Alta Equipment December 23, 2024 Market Strength
Market strength indicators help investors to evaluate how Alta Equipment stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Alta Equipment shares will generate the highest return on investment. By undertsting and applying Alta Equipment stock market strength indicators, traders can identify Alta Equipment Group entry and exit signals to maximize returns
Alta Equipment Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Alta Equipment's price direction in advance. Along with the technical and fundamental analysis of Alta Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Alta to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0222 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0107 | |||
| Treynor Ratio | 0.0199 |
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Complementary Tools for Alta Stock analysis
When running Alta Equipment's price analysis, check to measure Alta Equipment's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Alta Equipment is operating at the current time. Most of Alta Equipment's value examination focuses on studying past and present price action to predict the probability of Alta Equipment's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alta Equipment's price. Additionally, you may evaluate how the addition of Alta Equipment to your portfolios can decrease your overall portfolio volatility.
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