Altair Stock Price Prediction
| ALTR Stock | USD 62.27 0.63 1.02% |
Altair Engineering stock price prediction is an act of determining the future value of Altair Engineering shares using few different conventional methods such as EPS estimation, analyst consensus, or fundamental intrinsic valuation. The successful prediction of Altair Engineering's future price could yield a significant profit. Please, note that this module is not intended to be used solely to calculate an intrinsic value of Altair Engineering and does not consider all of the tangible or intangible factors available from Altair Engineering's fundamental data. We analyze noise-free headlines and recent hype associated with Altair Engineering, which may create opportunities for some arbitrage if properly timed.
Quarterly Earnings Growth (0.28) | EPS Estimate Next Quarter 0.12 | EPS Estimate Current Year 1.05 | EPS Estimate Next Year 1.15 | Wall Street Target Price 77.38 |
It is a matter of debate whether stock price prediction based on information in financial news can generate a strong buy or sell signal. We use our internally-built news screening methodology to estimate the value of Altair Engineering based on different types of headlines from major news networks to social media. The Altair stock price prediction module provides an analysis of price elasticity to changes in media outlook on Altair Engineering over a specific investment horizon. Using Altair Engineering hype-based prediction, you can estimate the value of Altair Engineering from the perspective of Altair Engineering response to recently generated media hype and the effects of current headlines on its competitors. We also analyze overall investor sentiment towards Altair Engineering using Altair Engineering's stock options and short interest. It helps to benchmark the overall future attitude of investors towards Altair using crowd psychology based on the activity and movement of Altair Engineering's stock price.
Altair Engineering Short Interest
A significant increase or decrease in Altair Engineering's short interest from the previous month could be a good indicator of investor sentiment towards Altair. Short interest can provide insight into the potential direction of Altair Engineering stock and how bullish or bearish investors feel about the market overall. An investor who is long Altair Engineering may also wish to track short interest. As short interest increases, investors should be becoming more worried about Altair Engineering and may potentially protect profits, hedge Altair Engineering with its derivative instruments, or be ready for some potential downside.
200 Day MA 64.2036 | Short Percent 0.065 | Short Ratio 10.39 | Shares Short Prior Month 2.8 M | 50 Day MA 66.9991 |
Altair Engineering Hype to Price Pattern
Investor biases related to Altair Engineering's public news can be used to forecast risks associated with an investment in Altair. The trend in average sentiment can be used to explain how an investor holding Altair can time the market purely based on public headlines and social activities around Altair Engineering. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Some investors profit by finding stocks that are overvalued or undervalued based on market sentiment. The correlation of Altair Engineering's market sentiment to its price can help taders to make decisions based on the overall investors consensus about Altair Engineering.
Altair Engineering Implied Volatility | 0.0 |
Altair Engineering's implied volatility exposes the market's sentiment of Altair Engineering stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Altair Engineering's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Altair Engineering stock will not fluctuate a lot when Altair Engineering's options are near their expiration.
This module is based on analyzing investor sentiment around taking a position in Altair Engineering. This speculative approach is based exclusively on the idea that markets are driven by emotions such as investor fear and greed. The fear of missing out, i.e., FOMO, can cause potential investors in Altair Engineering to buy its stock at a price that has no basis in reality. In that case, they are not buying Altair because the equity is a good investment, but because they need to do something to avoid the feeling of missing out. On the other hand, investors will often sell stocks at prices well below their value during bear markets because they need to stop feeling the pain of losing money.
Altair Engineering after-hype prediction price | USD 62.54 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Prediction based on Rule 16 of the current Altair contract
Based on the Rule 16, the options market is currently suggesting that Altair Engineering will have an average daily up or down price movement of about 0.0% per day over the life of the 2023-10-20 option contract. With Altair Engineering trading at USD62.27, that is roughly USD0.0. If you think that the market is fully incorporating Altair Engineering's daily price movement you should consider acquiring Altair Engineering options at the current volatility level of 0.0%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Altair |
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Altair Engineering's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Altair Engineering in the context of predictive analytics.
Altair Engineering After-Hype Price Prediction Density Analysis
As far as predicting the price of Altair Engineering at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Altair Engineering or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Altair Engineering, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Altair Engineering Estimiated After-Hype Price Volatility
In the context of predicting Altair Engineering's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Altair Engineering's historical news coverage. Altair Engineering's after-hype downside and upside margins for the prediction period are 60.60 and 64.48, respectively. We have considered Altair Engineering's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Altair Engineering is very steady asset. Analysis and calculation of next after-hype price of Altair Engineering is based on 3 months time horizon.
Altair Engineering Stock Price Prediction Analysis
Have you ever been surprised when a price of a company such as Altair Engineering is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Altair Engineering backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Altair Engineering, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
| 0.25 | 1.89 | 0.37 | 0.01 | 11 Events / Month | 7 Events / Month | In about 11 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | ||
| 62.27 | 62.54 | 0.43 |
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Altair Engineering Hype Timeline
Altair Engineering is presently traded for 62.27. The entity has historical hype elasticity of 0.37 and average elasticity to hype of competition of 0.01. Altair is anticipated to increase in value after the next headline with the price projected to jump to 62.54 or above. The average volatility of media hype impact on the company stock price is about 127.7%. The price gain on the next news is projected to be 0.43% whereas the daily expected return is presently at -0.25%. The volatility of related hype on Altair Engineering is about 4148.78% with expected price after next announcement by competition of 62.28. The company reported the previous year's revenue of 572.22 M. Net Loss for the year was (43.43 M) with profit before overhead, payroll, taxes, and interest of 449.33 M. Given the investment horizon of 90 days the next anticipated press release will be in about 11 days. Check out Altair Engineering Basic Forecasting Models to cross-verify your projections. To learn how to invest in Altair Stock, please use our How to Invest in Altair Engineering guide.Altair Engineering Related Hype Analysis
Having access to credible news sources related to Altair Engineering's direct competition is more important than ever and may enhance your ability to predict Altair Engineering's future price movements. Getting to know how Altair Engineering rivals react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Altair Engineering may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| S | SentinelOne | 0.89 | 7 per month | 2.88 | 0.0379 | 4.41 | (4.43) | 20.03 | |
| BB | BlackBerry | 0.12 | 9 per month | 3.57 | 0.0456 | 6.99 | (5.24) | 33.58 | |
| JG | Aurora Mobile | (0.01) | 9 per month | 0.00 | (0.1) | 6.67 | (6.25) | 22.00 | |
| MQ | Marqeta | 0.06 | 9 per month | 2.18 | 0.11 | 4.37 | (3.56) | 17.05 | |
| NN | Nextnav Acquisition Corp | 0.22 | 7 per month | 3.07 | 0.24 | 12.84 | (6.33) | 28.09 | |
| SQ | Block Inc | (0.14) | 9 per month | 0.00 | (0.17) | 3.53 | (5.28) | 20.63 | |
| ZS | Zscaler | 0.15 | 5 per month | 3.21 | 0.0405 | 4.82 | (4.58) | 15.90 | |
| DOCN | DigitalOcean Holdings | (0.83) | 10 per month | 0.00 | (0.16) | 4.10 | (4.88) | 38.16 | |
| VERI | Veritone | (0.05) | 9 per month | 0.00 | (0.12) | 8.08 | (7.76) | 51.07 |
Altair Engineering Additional Predictive Modules
Most predictive techniques to examine Altair price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Altair using various technical indicators. When you analyze Altair charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
About Altair Engineering Predictive Indicators
The successful prediction of Altair Engineering stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as Altair Engineering, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of Altair Engineering based on analysis of Altair Engineering hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to Altair Engineering's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Altair Engineering's related companies. | 2021 | 2022 | 2023 (projected) | Long Term Debt to Equity | 0.54 | 0.48 | 0.39 | Interest Coverage | 1.02 | 1.18 | 1.21 |
Story Coverage note for Altair Engineering
The number of cover stories for Altair Engineering depends on current market conditions and Altair Engineering's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Altair Engineering is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Altair Engineering's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Altair Engineering Short Properties
Altair Engineering's future price predictability will typically decrease when Altair Engineering's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Altair Engineering often depends not only on the future outlook of the potential Altair Engineering's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Altair Engineering's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 79.5 M | |
| Cash And Short Term Investments | 316.1 M |
Check out Altair Engineering Basic Forecasting Models to cross-verify your projections. To learn how to invest in Altair Stock, please use our How to Invest in Altair Engineering guide. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme 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.
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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 (0.28) | Earnings Share (0.55) | Revenue Per Share 7.345 | Quarterly Revenue Growth 0.064 | Return On Assets (0.0165) |
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.