Altair Engineering Stock Price on May 5, 2022
ALTR Stock | USD 80.77 0.21 0.26% |
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 80.77, as last reported on the 19th of April, with the highest price reaching 82.80 and the lowest price hitting 80.00 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 secures Sharpe Ratio (or Efficiency) of -0.0602, which signifies that the company had a -0.0602% return per unit of risk over the last 3 months. Altair Engineering exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Altair Engineering's Risk Adjusted Performance of (0.01), mean deviation of 1.47, and Standard Deviation of 1.97 to double-check the risk estimate we provide.
At this time, Altair Engineering's Total Stockholder Equity is relatively stable compared to the past year. As of 04/19/2024, 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 74.4173 | 50 Day MA 84.9071 | Beta 1.422 |
Altair |
Sharpe Ratio = -0.0602
Best Portfolio | Best Equity | |||
Good Returns | ||||
Average Returns | ||||
Small Returns | ||||
Cash | Small Risk | Average Risk | High Risk | Huge Risk |
Negative Returns | ALTR |
Estimated Market Risk
1.97 actual daily | 17 83% of assets are more volatile |
Expected Return
-0.12 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.06 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Altair Engineering is not performing at its full potential. However, 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 Altair Engineering to a well-diversified portfolio.
Price Book 9.5866 | Enterprise Value Ebitda 115.6367 | Price Sales 11.1258 | Shares Float 26.4 M | Wall Street Target Price 94 |
Altair Engineering Valuation on May 5, 2022
It is possible to determine the worth of Altair Engineering on a given historical date. On May 5, 2022 Altair was worth 54.96 at the beginning of the trading date compared to the closed value of 53.74. 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 | |
55.31 | 56.44 | 53.56 | 56.01 | 222,500 | |
05/05/2022 | 54.96 | 55.44 | 52.62 | 53.74 | 378,500 |
53.74 | 53.74 | 50.72 | 51.57 | 337,800 |
Backtest Altair Engineering | | | Altair Engineering History | | | Altair Engineering Valuation | Previous | Next |
Altair Engineering Trading Date Momentum on May 5, 2022
On May 06 2022 Altair Engineering was traded for 51.57 at the closing time. The top price for the day was 53.74 and the lowest listed price was 50.72 . The trading volume for the day was 337.8 K. The trading history from May 6, 2022 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 4.04% . The overall trading delta against the current closing price is 2.47% . |
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 |
|
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 | May 5, 2022
| High |
54.96 | 53.74 |
Altair Engineering April 19, 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
Accumulation Distribution | 19252.71 | |||
Daily Balance Of Power | (0.43) | |||
Rate Of Daily Change | 0.98 | |||
Day Median Price | 54.03 | |||
Day Typical Price | 53.93 | |||
Price Action Indicator | (0.90) | |||
Period Momentum Indicator | 27.03 |
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 | (0.01) | |||
Jensen Alpha | (0.17) | |||
Total Risk Alpha | (0.24) | |||
Treynor Ratio | (0.03) |
Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Altair Engineering. 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. To learn how to invest in Altair Stock, please use our How to Invest in Altair Engineering guide.You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary 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.
Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins | |
Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios |
Is Altair Engineering'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 Altair Engineering. If investors know Altair 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 Altair Engineering 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 0.633 | Earnings Share (0.11) | Revenue Per Share 7.602 | Quarterly Revenue Growth 0.069 | Return On Assets 0.0029 |
The market value of Altair Engineering is measured differently than its book value, which is the value of Altair that is recorded on the company's balance sheet. Investors also form their own opinion of Altair Engineering's value that differs from its market value or its book value, called intrinsic value, which is Altair Engineering'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 Altair Engineering's market value can be influenced by many factors that don't directly affect Altair Engineering's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Altair Engineering's value and its price as these two are different measures arrived at by different means. Investors typically determine if Altair Engineering is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Altair Engineering'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.