Alta Equipment Group Stock Performance
| ALTG Stock | USD 5.10 0.23 4.32% |
The firm shows a Beta (market volatility) of 2.23, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Alta Equipment will likely underperform. At this point, Alta Equipment Group has a negative expected return of -0.35%. Please make sure to confirm Alta Equipment's skewness, as well as the relationship between the rate of daily change and price action indicator , to decide if Alta Equipment Group performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days Alta Equipment Group has generated negative risk-adjusted returns adding no value to investors with long positions. Despite fragile performance in the last few months, the Stock's basic indicators remain nearly stable which may send shares a bit higher in April 2025. The current disturbance may also be a sign of long-run up-swing for the company stockholders. ...more
Actual Historical Performance (%)
One Day Return (4.32) | Five Day Return (0.39) | Year To Date Return (22.14) | Ten Year Return (47.42) | All Time Return (47.42) |
Forward Dividend Yield 0.0447 | Payout Ratio | Forward Dividend Rate 0.23 | Dividend Date 2025-02-28 | Ex Dividend Date 2025-02-14 |
1 | Disposition of 237 shares by Mill Road Capital Iii, L.p. of Alta Equipment at 10.0 subject to Rule 16b-3 | 01/17/2025 |
2 | Acquisition by Zachary Savas of 5000 shares of Alta Equipment at 14.25 subject to Rule 16b-3 | 02/06/2025 |
3 | Acquisition by Daniel Shribman of 6814 shares of Alta Equipment subject to Rule 16b-3 | 02/11/2025 |
4 | Alta Equipment Group Announces Date of Fourth Quarter and Full Year 2024 Financial Results ... | 02/21/2025 |
5 | Chart Industries Lags Q4 Earnings and Revenue Estimates | 02/28/2025 |
6 | Earnings To Watch Alta Equipment Group Inc Reports Q4 2024 Result | 03/04/2025 |
7 | Alta Equipment Group Inc Reports Q4 Revenue of 498.1M, Exceeding Estimates EPS of 0. ... | 03/05/2025 |
8 | Alta Equipment Group Inc Q4 2024 Earnings Call Highlights Navigating Market Challenges ... | 03/06/2025 |
9 | Alta Equipment Group Full Year 2024 Earnings In Line With Expectations | 03/07/2025 |
10 | Alta Equipment Group Price Target Lowered to 8.50 at Raymond James - Defense World | 03/11/2025 |
11 | Trading Report - Stock Traders Daily | 03/17/2025 |
12 | Acquisition by Jeff Hoover of 30912 shares of Alta Equipment subject to Rule 16b-3 | 03/18/2025 |
13 | FY2029 Earnings Forecast for ALTG Issued By Northland Capmk | 03/21/2025 |
| Begin Period Cash Flow | 31 M |
Alta |
Alta Equipment Relative Risk vs. Return Landscape
If you would invest 665.00 in Alta Equipment Group on December 24, 2024 and sell it today you would lose (155.00) from holding Alta Equipment Group or give up 23.31% of portfolio value over 90 days. Alta Equipment Group is currently does not generate positive expected returns and assumes 4.2245% risk (volatility on return distribution) over the 90 days horizon. In different words, 37% of stocks are less volatile than Alta, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Alta Equipment Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alta Equipment's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Alta Equipment Group, and traders can use it to determine the average amount a Alta Equipment's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0837
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | ALTG |
Estimated Market Risk
| 4.22 actual daily | 37 63% of assets are more volatile |
Expected Return
| -0.35 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.08 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Alta Equipment is not performing at its full potential. However, 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 Alta Equipment to a well-diversified portfolio.
Alta Equipment Fundamentals Growth
Alta Stock prices reflect investors' perceptions of the future prospects and financial health of Alta Equipment, and Alta Equipment fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Alta Stock performance.
| Return On Equity | -0.55 | ||||
| Return On Asset | 0.0076 | ||||
| Profit Margin | (0.03) % | ||||
| Operating Margin | 0 % | ||||
| Current Valuation | 1.35 B | ||||
| Shares Outstanding | 32.86 M | ||||
| Price To Earning | 211.67 X | ||||
| Price To Book | 2.16 X | ||||
| Price To Sales | 0.09 X | ||||
| Revenue | 1.88 B | ||||
| Gross Profit | 493.7 M | ||||
| EBITDA | 159.5 M | ||||
| Net Income | (62.1 M) | ||||
| Cash And Equivalents | 500 K | ||||
| Cash Per Share | 0.02 X | ||||
| Total Debt | 318.8 M | ||||
| Debt To Equity | 5.38 % | ||||
| Current Ratio | 1.06 X | ||||
| Book Value Per Share | 2.37 X | ||||
| Cash Flow From Operations | 57 M | ||||
| Earnings Per Share | (1.96) X | ||||
| Market Capitalization | 167.58 M | ||||
| Total Asset | 1.48 B | ||||
| Retained Earnings | (149.3 M) | ||||
| Working Capital | 197.3 M | ||||
| Current Asset | 44.43 K | ||||
| Current Liabilities | 273.94 K | ||||
About Alta Equipment Performance
By analyzing Alta Equipment's fundamental ratios, stakeholders can gain valuable insights into Alta Equipment's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Alta Equipment has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Alta Equipment has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 141.44 | 134.37 | |
| Return On Tangible Assets | (0.05) | (0.04) | |
| Return On Capital Employed | 0.02 | 0.02 | |
| Return On Assets | (0.04) | (0.04) | |
| Return On Equity | (0.80) | (0.76) |
Things to note about Alta Equipment Group performance evaluation
Checking the ongoing alerts about Alta Equipment for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Alta Equipment Group help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Alta Equipment Group generated a negative expected return over the last 90 days | |
| Alta Equipment Group has high historical volatility and very poor performance | |
| The company reported the previous year's revenue of 1.88 B. Net Loss for the year was (62.1 M) with profit before overhead, payroll, taxes, and interest of 493.7 M. | |
| About 70.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from thelincolnianonline.com: FY2029 Earnings Forecast for ALTG Issued By Northland Capmk |
- Analyzing Alta Equipment's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Alta Equipment's stock is overvalued or undervalued compared to its peers.
- Examining Alta Equipment's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Alta Equipment's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Alta Equipment's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Alta Equipment's stock. These opinions can provide insight into Alta Equipment's potential for growth and whether the stock is currently undervalued or overvalued.
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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