| Average Equity | Earnings before Tax | ||
| 2012 | 0.00 | 0.00 | |
| 2013 | 0.00 | 0.00 | |
| 2014 | 0.00 | 0.00 | |
| 2018 | 0.00 | 0.00 | |
| 2019 (projected) | 0.00 | 0.00 |
Altair Engineering latest price is confusing
 | By Ellen Johnson | Macroaxis Story |
The company current daily volatility is 3.25 percent, with beta of -0.28 and alpha of -0.07 over S&P 500. What is Altair Engineering Target Price Odds to finish over Current Price? In regard to normal probability distribution, the odds of Altair Engineering to move above current price in 30 days from now is about 27.27%. The Altair Engineering probability density function shows the probability of Altair Engineering Stock to fall within a particular range of prices over 30 days . Given the investment horizon of 30 days, Altair Engineering has beta of -0.2845 . This suggests as returns on benchmark increase, returns on holding Altair Engineering are expected to decrease at a much smaller rate. During bear market, however, Altair Engineering is likely to outperform the market. Additionally, the company has a negative alpha implying that the risk taken by holding this equity is not justified. Altair Engineering is significantly underperforming S&P 500.
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Reviewed by Vlad Skutelnik
Altair Engineering currently holds 1.07M in liabilities with Debt to Equity (D/E) ratio of 0.5 which is about average as compared to similar companies. This firm dividends can provide a clue to current valuation of the stock. Altair Engineering is not expected to issue dividends this year as it trying to preserve or re-invest any of the funds available for distribution to stakeholders. Let me now go over Altair Engineering Debt to Equity. According to company disclosure Altair Engineering has Debt to Equity of 0.5%. This is 20.63% lower than that of the Technology sector, and significantly higher than that of Software - Infrastructure industry, The Debt to Equity for all stocks is 30.56% higher than Altair Engineering. Altair Engineering financial leverage ratio helps determine the effect of debt on the overall profitability of the company. It measures the total debt position of Altair Engineering, including all of Altair Engineering's outstanding debt obligations, and compares it with the equity. In simple terms, the high financial leverage means the cost of production, together with running the business day-to-day, is high, whereas, lower financial leverage implies lower fixed cost investment in the business and generally considered by investors to be a good sign. So if creditors own a majority of Altair Engineering assets, the company is considered highly leveraged. Understanding the composition and structure of overall Altair Engineering debt and outstanding corporate bonds gives a good idea of how risky the capital structure of a business is and if it is worth investing in it. Please read more on our technical analysis page.
Understanding Altair Total Liabilities
Altair Engineering liabilities are broken down into two parts on the balance sheet. These are short-term (or current) obligations and long-term debt. Altair Engineering has to fulfill its short-term liabilities in this reporting year and should be no more than 12 months old. Long-term debt, on the other hand, is anything beyond the 12-month payment timeframe. Common short-term liabilities found on Altair Engineering balance sheet include debt obligations and money owed to different Altair Engineering vendors, workers, and loan providers. Below is the chart of Altair short long-term liabilities accounts currently reported on its balance sheet. You can use Altair Engineering financial leverage analysis tool to get a better grip on understanding its financial positionHow important is Altair Engineering's Liquidity
Altair Engineering financial leverage refers to using borrowed capital as a funding source to finance Altair Engineering ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Altair Engineering financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Financial leverage can amplify the potential profits to Altair Engineering's owners, but it also increases the potential losses and risk of financial distress, including bankruptcy, if the firm cannot cover its debt costs. The degree of Altair Engineering's financial leverage can be measured in several ways, including by ratios such as the debt-to-equity ratio (total debt / total equity), equity multiplier (total assets / total equity), or the debt ratio (total debt / total assets). Please check the breakdown between Altair Engineering's total debt and its cash.
Detailed Perspective On Altair Engineering
The modest gains experienced by current holders of Altair Engineering could raise concerns from investors as the firm closed today at a share price of 30.19 on 194745.000 in volume. The company executives have been quite successful with maneuvering the stock at opportune times to take advantage of all market conditions in December. The stock standard deviation of daily returns for 30 days (very short) investing horizon is currently 3.2543. The above-average volatility is mostly attributed to market volatility and speculations regarding some of the upcoming earning calls from Altair Engineering partners. Altair Engineering preserves 226.74m of gross profit. Altair Engineering is selling for under 31.10. That is 0.01 percent increase. Opened at 31.10. Altair Engineering Tangible Asset Value is relatively stable at the moment.
The bottom line, our actual 'Buy vs. Hold vs. Sell' recommendation on the enterprise is Strong Sell. We believe Altair Engineering is undervalued with close to average probability of distress for the next two years.
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