Is Alta Equipment Stock a Good Investment?
Alta Equipment Investment Advice | ALTG |
- Examine Alta Equipment's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Alta Equipment's leadership team and their track record. Good management can help Alta Equipment navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Trading Companies & Distributors space and any emerging trends that could impact Alta Equipment's business and its evolving consumer preferences.
- Compare Alta Equipment's performance and market position to its competitors. Analyze how Alta Equipment is positioned in terms of product offerings, innovation, and market share.
- Check if Alta Equipment pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Alta Equipment's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Alta Equipment Group stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Alta Equipment Group is a good investment.
Sell | Buy |
Strong Sell
Market Performance | Very Weak | Details | |
Volatility | Somewhat reliable | Details | |
Hype Condition | Over hyped | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Below Average | Details | |
Economic Sensitivity | Actively responds to the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Possible Manipulator | Details |
Examine Alta Equipment Stock
Researching Alta Equipment's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 19.0% of the company shares are held by company insiders. The book value of Alta Equipment was presently reported as 4.17. The company has Price/Earnings (P/E) ratio of 211.67. Alta Equipment Group recorded a loss per share of 0.21. The entity last dividend was issued on the 14th of May 2024.
To determine if Alta Equipment is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Alta Equipment's research are outlined below:
| Alta Equipment Group generated a negative expected return over the last 90 days | |
| Alta Equipment Group has high historical volatility and very poor performance | |
| Alta Equipment Group currently holds about 500 K in cash with (58.7 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.02. | |
| Over 77.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from finance.yahoo.com: Alta Equipment Group Announces Pricing of Private Offering of 500 Million of Senior Secured Second Lien Notes due 2029 |
Alta Equipment Quarterly Good Will |
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Alta Equipment uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Alta Equipment Group. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Alta Equipment's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 14th of March 2024 Upcoming Quarterly Report | View | |
| 8th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 14th of March 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact Alta Equipment's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Alta Equipment's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2022-05-10 | 2022-03-31 | -0.08 | -0.06 | 0.02 | 25 | ||
2021-03-18 | 2020-12-31 | -0.07 | -0.09 | -0.02 | 28 | ||
2020-11-12 | 2020-09-30 | -0.01 | 0.01 | 0.02 | 200 | ||
2024-03-14 | 2023-12-31 | -0.05 | -0.08 | -0.03 | 60 | ||
2022-11-09 | 2022-09-30 | 0.11 | 0.14 | 0.03 | 27 | ||
2021-05-13 | 2021-03-31 | -0.15 | -0.19 | -0.04 | 26 | ||
2023-08-09 | 2023-06-30 | 0.1 | 0.05 | -0.05 | 50 | ||
2021-11-11 | 2021-09-30 | 0.03 | -0.02 | -0.05 | 166 |
Alta Equipment Target Price Consensus
We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Alta target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Alta Equipment's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
| 4 | Strong Buy |
Most Alta analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand Alta stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of Alta Equipment Group, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice Exposure ValuationAlta Equipment Target Price Projection
Alta Equipment's current and average target prices are 8.51 and 24.75, respectively. The current price of Alta Equipment is the price at which Alta Equipment Group is currently trading. On the other hand, Alta Equipment's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.Target Price
Analyst Consensus On Alta Equipment Target Price
Alta Equipment Analyst Ratings
Alta Equipment's analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about Alta Equipment stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of Alta Equipment's financials, market performance, and future outlook by experienced professionals. Alta Equipment's historical ratings below, therefore, can serve as a valuable tool for investors.Know Alta Equipment's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Alta Equipment is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Alta Equipment Group backward and forwards among themselves. Alta Equipment's institutional investor refers to the entity that pools money to purchase Alta Equipment's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | State Street Corporation | 2023-12-31 | 459.1 K | Atlantic Trust Group, Llc | 2024-03-31 | 436.9 K | Morgan Stanley - Brokerage Accounts | 2023-12-31 | 404.5 K | Nantahala Capital Management, Llc | 2024-03-31 | 402.5 K | Foundry Partners, Llc | 2024-03-31 | 293.9 K | Nuveen Asset Management, Llc | 2023-12-31 | 268.4 K | Bank Of New York Mellon Corp | 2023-12-31 | 223.3 K | Abs Direct Equity Fund Llc | 2024-03-31 | 220 K | Northern Trust Corp | 2023-12-31 | 215.3 K | Voss Capital Llc | 2024-03-31 | 3.3 M | Mill Road Capital Management Llc | 2024-03-31 | 3.1 M |
Alta Equipment's market capitalization trends
The company currently falls under 'Small-Cap' category with a current market capitalization of 278.44 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Alta Equipment's market, we take the total number of its shares issued and multiply it by Alta Equipment's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.Market Cap |
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Alta Equipment's profitablity analysis
Alta Equipment's profitability indicators refer to fundamental financial ratios that showcase Alta Equipment's ability to generate income relative to its revenue or operating costs. If, let's say, Alta Equipment is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Alta Equipment's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Alta Equipment's profitability requires more research than a typical breakdown of Alta Equipment's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.01 | 0.01 | |
| Return On Capital Employed | 0.06 | 0.06 | |
| Return On Assets | 0.01 | 0.01 | |
| Return On Equity | 0.06 | 0.06 |
Determining Alta Equipment's profitability involves analyzing its financial statements and using various financial metrics to determine if Alta Equipment is a good buy. For example, gross profit margin measures Alta Equipment's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Alta Equipment's profitability and make more informed investment decisions.
The data published in Alta Equipment's official financial statements usually reflect Alta Equipment's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Alta Equipment Group. For example, before you start analyzing numbers published by Alta accountants, it's critical to develop an understanding of what Alta Equipment's liquidity, profitability, and earnings quality are in the context of the Trading Companies & Distributors space in which it operates.
Please note, the presentation of Alta Equipment's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Alta Equipment's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Alta Equipment's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Alta Equipment Group. Please utilize our Beneish M Score to check the likelihood of Alta Equipment's management manipulating its earnings.
Evaluate Alta Equipment's management efficiency
Alta Equipment Group has return on total asset (ROA) of 0.0176 % which means that it generated a profit of $0.0176 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.0291) %, meaning that it created substantial loss on money invested by shareholders. Alta Equipment's management efficiency ratios could be used to measure how well Alta Equipment manages its routine affairs as well as how well it operates its assets and liabilities. The Alta Equipment's current Return On Tangible Assets is estimated to increase to 0.01. The Alta Equipment's current Return On Capital Employed is estimated to increase to 0.06. At this time, Alta Equipment's Non Currrent Assets Other are most likely to decrease significantly in the upcoming years. The Alta Equipment's current Total Current Assets is estimated to increase to about 879.9 M, while Other Assets are projected to decrease to roughly 6.6 M.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 4.61 | 3.90 | |
| Net Current Asset Value | 0.00 | 0.00 | |
| Tangible Asset Value | 0.00 | 0.00 | |
| Tangible Book Value Per Share | 0.21 | 0.20 | |
| Enterprise Value Over EBITDA | 8.30 | 8.72 | |
| Price Book Value Ratio | 2.68 | 2.82 | |
| Enterprise Value Multiple | 8.30 | 8.72 | |
| Price Fair Value | 2.68 | 2.82 | |
| Enterprise Value | 1.6 B | 951.8 M |
The analysis of Alta Equipment's management efficiency is an essential part of evaluating and assessing the financial and operational performance of the entity. It is also vital to analyze Alta Equipment's future growth prospects and the overall market conditions to determine the value and potential of its stock. The analysis involves studying a range of financial metrics such as revenue, earnings, profit margins, cash flow, debt, market share, and external factors such as economic trends, industry outlook, competition, and government regulations. The goal of Alta Stock analysis is to determine whether it is undervalued, fairly valued, or overvalued and to make informed investment decisions.
Dividend Yield 0.0271 | Forward Dividend Yield 0.0271 | Forward Dividend Rate 0.23 | Beta 1.671 |
Basic technical analysis of Alta Stock
As of the 31st of May, Alta Equipment shows the Standard Deviation of 3.76, risk adjusted performance of (0.05), and Mean Deviation of 2.66. Alta Equipment Group technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to interpolate and analyze data for thirteen technical drivers for Alta Equipment Group, which can be compared to its peers. Please confirm Alta Equipment Group market risk adjusted performance, variance, as well as the relationship between the Variance and value at risk to decide if Alta Equipment Group is priced correctly, providing market reflects its regular price of 8.51 per share. Given that Alta Equipment has information ratio of (0.11), we suggest you to validate Alta Equipment Group's prevailing market performance to make sure the company can sustain itself at a future point.Alta Equipment's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Alta Equipment insiders, such as employees or executives, is commonly permitted as long as it does not rely on Alta Equipment's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Alta Equipment insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Alta Equipment's Outstanding Corporate Bonds
Alta Equipment issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Alta Equipment Group uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Alta bonds can be classified according to their maturity, which is the date when Alta Equipment Group has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
Understand Alta Equipment's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Alta Equipment's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | (0.05) | |||
| Market Risk Adjusted Performance | (0.22) | |||
| Mean Deviation | 2.66 | |||
| Coefficient Of Variation | (994.94) | |||
| Standard Deviation | 3.76 | |||
| Variance | 14.13 | |||
| Information Ratio | (0.11) | |||
| Jensen Alpha | (0.41) | |||
| Total Risk Alpha | (0.47) | |||
| Treynor Ratio | (0.23) | |||
| Maximum Drawdown | 22.73 | |||
| Value At Risk | (6.16) | |||
| Potential Upside | 5.17 | |||
| Skewness | (0.99) | |||
| Kurtosis | 3.29 |
| Risk Adjusted Performance | (0.05) | |||
| Market Risk Adjusted Performance | (0.22) | |||
| Mean Deviation | 2.66 | |||
| Coefficient Of Variation | (994.94) | |||
| Standard Deviation | 3.76 | |||
| Variance | 14.13 | |||
| Information Ratio | (0.11) | |||
| Jensen Alpha | (0.41) | |||
| Total Risk Alpha | (0.47) | |||
| Treynor Ratio | (0.23) | |||
| Maximum Drawdown | 22.73 | |||
| Value At Risk | (6.16) | |||
| Potential Upside | 5.17 | |||
| Skewness | (0.99) | |||
| Kurtosis | 3.29 |
Consider Alta Equipment's intraday indicators
Alta Equipment intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Alta Equipment stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
| Daily Balance Of Power | (9,223,372,036,855) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 8.51 | |||
| Day Typical Price | 8.51 | |||
| Price Action Indicator | (0.06) | |||
| Period Momentum Indicator | (0.12) |
Alta Equipment Corporate Filings
F4 | 28th of May 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
F3 | 24th of May 2024 The report used by insiders such as officers, directors, and major shareholders (beneficial owners holding more than 10% of any class of the company's equity securities) to declare their ownership of a company's stock | ViewVerify |
8K | 22nd of May 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
F3 | 14th of May 2024 An amendment to the original Schedule 13D filing | ViewVerify |
Alta Stock media impact
Far too much social signal, news, headlines, and media speculation about Alta Equipment that are available to investors today. That information is available publicly through Alta media outlets and privately through word of mouth or via Alta internal channels. However, regardless of the origin, that massive amount of Alta data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Alta Equipment news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Alta Equipment relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Alta Equipment's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Alta Equipment alpha.
Alta Equipment Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Alta Equipment can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Be your own money manager
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Alta Equipment Corporate Management
Elected by the shareholders, the Alta Equipment's board of directors comprises two types of representatives: Alta Equipment inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Alta. The board's role is to monitor Alta Equipment's management team and ensure that shareholders' interests are well served. Alta Equipment's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Alta Equipment's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Daniel Shribman | Director | Profile | |
| Andrew Studdert | Independent Director | Profile | |
| Jeff Hoover | Chief Counsel | Profile | |
| Sinem McDonald | Director Reporting | Profile | |
| Craig Brubaker | Chief Officer | Profile |
How to buy Alta Stock?
To provide specific investment advice or recommendations on Alta Equipment Group stock, we recommend investors consider the following general factors when evaluating Alta Equipment Group. This will help you to make an informed decision on whether to include Alta Equipment in one of your diversified portfolios:- Examine Alta Equipment's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Alta Equipment's leadership team and their track record. Good management can help Alta Equipment navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Trading Companies & Distributors space and any emerging trends that could impact Alta Equipment's business and its evolving consumer preferences.
- Compare Alta Equipment's performance and market position to its competitors. Analyze how Alta Equipment is positioned in terms of product offerings, innovation, and market share.
- Check if Alta Equipment pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Alta Equipment's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Alta Equipment Group stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Alta Equipment Group is a good investment.
Already Invested in Alta Equipment Group?
The danger of trading Alta Equipment Group is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Alta Equipment is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Alta Equipment. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Alta Equipment Group is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Alta Equipment Group is a strong investment it is important to analyze Alta Equipment's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Alta Equipment's future performance. For an informed investment choice regarding Alta Stock, refer to the following important reports: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alta Equipment Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
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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Is Alta Equipment's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Alta Equipment. If investors know Alta will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Alta Equipment listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.454 | Dividend Share 0.228 | Earnings Share (0.21) | Revenue Per Share 58.088 | Quarterly Revenue Growth 0.05 |
The market value of Alta Equipment Group is measured differently than its book value, which is the value of Alta that is recorded on the company's balance sheet. Investors also form their own opinion of Alta Equipment's value that differs from its market value or its book value, called intrinsic value, which is Alta Equipment's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Alta Equipment's market value can be influenced by many factors that don't directly affect Alta Equipment's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
In summary, please note that there is a difference between Alta Equipment's value and its price, as these two are different measures arrived at by various means. Investors typically determine if Alta Equipment is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alta Equipment's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.