Altus Midstream Company (NASDAQ:ALTM) went down by -2.45% during the previous trading session, and it is maintaining the win ahead of Thursday’s trading session. The share price of the Oil & Gas Midstream giant went up by $0.60 to trade ended Thursday trading at $0.62. This is down from the $0.6151 price recorded on Wednesday’s trading session. Its performance from the start of the year has also been negative, with ALTM down by -79.02% year-to-date.
Altus Midstream Company (ALTM) started the day trading at $0.6119 and recorded an intraday high of $0.6301. It also recorded an intraday low of $0.6 during Thursday’s trading session. Altus Midstream Company is a very active stock that recorded a trading volume that is more than 18.72% of the average daily trading volume on Thursday. The stock’s trading volume on Thursday was 696500, which is more than 18.72 of the total average daily trading volume of 566.14K.
Altus Midstream Company (NASDAQ:ALTM) 2020 Performance Impressive
The increase in ALTM’s stock price on Thursday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of ALTM currently stands at $4.07, which is higher than the current trading price of the stock by 85.26%. However, ALTM’s current trading price is -27.66% lower than the 52-week low price of $0.47. In terms of trading volume, Altus Midstream Company currently experienced healthy participation during the last trading session. 696500 shares of Altus Midstream Company were traded on the stock exchange on Thursday, which is more than 18.72% of the 566.14K average trading volume of the stock.
The performance of the stock has been positive over the past year. ALTM’s performance over the past one year has seen it plunge by -83.91%, while the stock has gone down by -77.94% in the last six months. The quarterly performance of ALTM currently stands at -23.08%, and it is down by -7.83% in the last month. The only negative figure was from the weekly performance, which currently reads -15.12%. At the time of writing ALTM’s report, the company has a total market cap of $196.88M, making it one of the largest publicly-traded companies in the world.
ALTM Insider Activities
For Altus Midstream Company, insiders hold 84.30% of all company shares. The insider transactions over the past six months are up by 2.20%. During that period, insiders bought 300,000 shares in 5 transactions. In that same period, insiders sold 0 of their shares in 0 transactions. After these transactions, insiders at Altus Midstream Company now hold 9.43M shares, which is over 81.31% of the total company stocks. Institutional investors currently hold a large chunk of the ALTM shares, as they control 12.58% of the company’s total stock.
ALTM Fundamental Analysis
For Altus Midstream Company, the stock’s diluted earnings per share (EPS) stands at -5.08. In the coming year, analysts expect the EPS to be 0.10.
The gross margin of the company is 64.90%.
ALTM Analysts Prediction
Barclays reiterate their Equal Weight position on the stock ($10 and $7)
At the moment, Altus Midstream Company’s Total Debt to Equity ratio stands at 6.64, and they have a long-term Debt to Equity ratio of 6.64.
ALTM Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of ALTM currently stands at -20.03%, while the SMA50 is -11.88%. The biggest one is the SMA200, which is currently reading -64.99% ahead of Thursday’s trading session. The Relative Strength Index of this stock is 41.08.