Alta Equipment Group Stock Analysis

Alta Stock Analysis Notes

About 22.0% of the company shares are held by company insiders. The book value of Alta Equipment was presently reported as 4.63. The company has Price/Earnings (P/E) ratio of 211.67. Alta Equipment Group last dividend was issued on the 14th of February 2024. Alta Equipment Group Inc. owns and operates integrated equipment dealership platforms in the United States. Alta Equipment Group Inc. was founded in 1984 and is headquartered in Livonia, Michigan. Alta Equipment operates under Rental Leasing Services classification in the United States and is traded on New York Stock Exchange. It employs 2250 people. For more info on Alta Equipment Group please contact Ryan Greenawalt at 248 449 6700 or go to https://www.altg.com.

Alta Equipment Group Investment Alerts

Alta Equipment Group Upcoming and Recent Events

Alta Largest EPS Surprises

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Alta Equipment Thematic Classifications

Alta Stock Institutional Investors

Note, although Alta Equipment's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Alta Market Capitalization

The company currently falls under 'Small-Cap' category with a current market capitalization of 374.97 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.

Alta Profitablity

Management Efficiency

Alta Equipment Group has return on total asset (ROA) of 0.0238 % which means that it generated a profit of $0.0238 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.0615 %, meaning that it created $0.0615 on every $100 dollars invested by stockholders. 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.

Technical Drivers

As of the 24th of April, Alta Equipment shows the Mean Deviation of 2.05, downside deviation of 2.38, and Risk Adjusted Performance of 0.0398. 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 nineteen technical drivers for Alta Equipment Group, which can be compared to its peers. Please confirm Alta Equipment Group variance, maximum drawdown, as well as the relationship between the Maximum Drawdown and semi variance to decide if Alta Equipment Group is priced correctly, providing market reflects its regular price of 11.75 per share. Given that Alta Equipment has jensen alpha of (0.07), 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 Group Price Movement Analysis

Alta Equipment Group Insider Trading Activities

Alta Equipment Outstanding Bonds

Alta Equipment Predictive Daily Indicators

Alta Equipment Corporate Filings

Alta Equipment Forecast Models

Alta Equipment's time-series forecasting models are one of many Alta Equipment's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Alta Equipment's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

Stock analysis is the technique used by a trader or investor to examine and evaluate how Alta Equipment prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Alta shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Alta Equipment. By using and applying Alta Stock analysis, traders can create a robust methodology for identifying Alta entry and exit points for their positions.

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Alta analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Alta analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.

Alta Equipment Group stock analysis indicators help investors evaluate how Alta Equipment stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading Alta Equipment shares will generate the highest return on investment. By understating and applying Alta Equipment stock analysis, traders can identify Alta Equipment position entry and exit signals to maximize returns.

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 ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.

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.

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.

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.

Please note, there is a significant difference between Alta Equipment's value and its price as these two are different measures arrived at by different 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.