Altair Engineering Stock Price on October 7, 2024
| ALTR Stock | USD 105.42 0.02 0.02% |
Below is the normalized historical share price chart for Altair Engineering extending back to November 01, 2017. 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 Altair Engineering stands at 105.42, as last reported on the 29th of November, with the highest price reaching 105.79 and the lowest price hitting 105.41 during the day.
If you're considering investing in Altair Stock, it is important to understand the factors that can impact its price. Altair Engineering appears to be very steady, given 3 months investment horizon. Altair Engineering secures Sharpe Ratio (or Efficiency) of 0.16, which signifies that the company had a 0.16% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Altair Engineering, which you can use to evaluate the volatility of the firm. Please makes use of Altair Engineering's Risk Adjusted Performance of 0.1024, mean deviation of 1.26, and Downside Deviation of 1.48 to double-check if our risk estimates are consistent with your expectations.
At this time, Altair Engineering's Total Stockholder Equity is relatively stable compared to the past year. As of 11/29/2024, Stock Based Compensation is likely to grow to about 89.9 M, while Common Stock Shares Outstanding is likely to drop slightly above 74.4 M. . At this time, Altair Engineering's Price Fair Value is relatively stable compared to the past year. Altair Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 1st of November 2017 | 200 Day MA 91.0375 | 50 Day MA 99.8088 | Beta 1.439 |
Altair |
Sharpe Ratio = 0.1589
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Estimated Market Risk
| 2.01 actual daily | 17 83% of assets are more volatile |
Expected Return
| 0.32 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.16 actual daily | 12 88% of assets perform better |
Based on monthly moving average Altair Engineering is performing at about 12% 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 Altair Engineering by adding it to a well-diversified portfolio.
Price Book 10.7302 | Enterprise Value Ebitda 87.6637 | Price Sales 13.93 | Shares Float 29.4 M | Wall Street Target Price 105.975 |
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Altair Engineering Valuation on October 7, 2024
It is possible to determine the worth of Altair Engineering on a given historical date. On October 7, 2024 Altair was worth 94.71 at the beginning of the trading date compared to the closed value of 93.57. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Altair Engineering stock. Still, in general, we apply an absolute valuation method to find Altair Engineering'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 Altair Engineering where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Altair Engineering's related companies.
| Open | High | Low | Close | Volume | |
| 95.70 | 96.32 | 94.31 | 95.43 | 173,102 | |
10/07/2024 | 94.71 | 95.49 | 93.05 | 93.57 | 261,567 |
| 93.72 | 95.57 | 93.72 | 95.32 | 193,995 |
| Backtest Altair Engineering | | | Altair Engineering History | | | Altair Engineering Valuation | Previous | Next |
Altair Engineering Trading Date Momentum on October 7, 2024
| On October 08 2024 Altair Engineering was traded for 95.32 at the closing time. The top price for the day was 95.57 and the lowest listed price was 93.72 . The trading volume for the day was 194 K. The trading history from October 8, 2024 was a factor to the next trading day price gain. The overall trading delta against the next closing price was 1.87% . The overall trading delta against the current closing price is 1.81% . |
Altair Engineering Fundamentals Correlations and Trends
By evaluating Altair Engineering'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 Altair Engineering's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Altair financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Altair Engineering Stock history
Altair Engineering 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 Altair is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Altair Engineering 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 Altair Engineering stock prices may prove useful in developing a viable investing in Altair Engineering
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 80.6 M | 74.4 M | |
| Net Loss | -39.1 M | -37.1 M |
Altair Engineering Quarterly Net Working Capital |
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Altair Engineering Stock Technical Analysis
Altair Engineering 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
Altair Engineering Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Altair Engineering cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ 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.
Altair Engineering November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Altair Engineering stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Altair Engineering shares will generate the highest return on investment. By undertsting and applying Altair Engineering stock market strength indicators, traders can identify Altair Engineering entry and exit signals to maximize returns
Altair Engineering Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Altair Engineering's price direction in advance. Along with the technical and fundamental analysis of Altair Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Altair 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 | 0.1024 | |||
| Jensen Alpha | 0.1858 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.0881 | |||
| Treynor Ratio | 0.4747 |
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Additional Tools for Altair Stock Analysis
When running Altair Engineering's price analysis, check to measure Altair Engineering'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 Altair Engineering is operating at the current time. Most of Altair Engineering's value examination focuses on studying past and present price action to predict the probability of Altair Engineering's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Altair Engineering's price. Additionally, you may evaluate how the addition of Altair Engineering to your portfolios can decrease your overall portfolio volatility.