Alta Equipment Group Stock Price on December 11, 2024

ALTG Stock  USD 7.64  0.38  4.74%   
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 7.64, as last reported on the 11th of December 2024, with the highest price reaching 7.64 and the lowest price hitting 7.64 during the day.
IPO Date
25th of April 2019
200 Day MA
8.7768
50 Day MA
6.9334
Beta
1.67
 
Covid
If you're considering investing in Alta Stock, it is important to understand the factors that can impact its price. Alta Equipment appears to be somewhat reliable, given 3 months investment horizon. Alta Equipment Group secures Sharpe Ratio (or Efficiency) of 0.1, which signifies that the company had a 0.1% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Alta Equipment Group, which you can use to evaluate the volatility of the firm. Please makes use of Alta Equipment's Downside Deviation of 3.66, risk adjusted performance of 0.0929, and Mean Deviation of 3.0 to double-check if our risk estimates are consistent with your expectations.
  
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.

Sharpe Ratio = 0.1046

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Estimated Market Risk

 4.02
  actual daily
35
65% of assets are more volatile

Expected Return

 0.42
  actual daily
8
92% of assets have higher returns

Risk-Adjusted Return

 0.1
  actual daily
8
92% of assets perform better
Based on monthly moving average Alta Equipment is performing at about 8% 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
2.8009
Enterprise Value Ebitda
8.6365
Price Sales
0.1404
Shares Float
18.5 M
Dividend Share
0.228

Alta Equipment Valuation on December 11, 2024

It is possible to determine the worth of Alta Equipment on a given historical date. On December 11, 2024 Alta was worth 8.02 at the beginning of the trading date compared to the closed value of 7.64. 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
  7.89    7.91    7.61    7.64    217,410  
12/11/2024
  8.02    7.64    7.64    7.64    0.00  
Backtest Alta Equipment  |  Alta Equipment History  |  Alta Equipment Valuation   Previous
Open Value
8.02
7.64
Closing Value
20.07
Upside

Alta Equipment Trading Date Momentum on December 11, 2024

On December 11 2024 Alta Equipment Group was traded for  7.64  at the closing time. The top price for the day was 7.64  and the lowest listed price was  7.64 . There was no trading activity during the period 0.0. Lack of trading volume on December 11, 2024 did not affect price variability. The overall trading delta against the current closing price is 4.97% .

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 ReportedProjected for Next Year
Common Stock Shares Outstanding32.9 M25.2 M
Net Income Applicable To Common Shares5.7 MM

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.
A focus of Alta Equipment technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Alta Equipment trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Alta Equipment Period Price Range

Low
December 11, 2024
0.00  NaN%
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 11, 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.

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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