Altair Stock Today

ALTR -  USA Stock  

USD 58.44  0.79  1.37%

Market Performance
0 of 100
Odds Of Distress
Less than 1
Altair Engineering is selling at 58.44 as of the 26th of January 2022; that is 1.37 percent up since the beginning of the trading day. The stock's lowest day price was 57.6. Altair Engineering has a very small chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Altair Engineering are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 31st of January 2021 and ending today, the 26th of January 2022. Click here to learn more.
Altair Engineering Inc., together with its subsidiaries, provides software and cloud solutions in the areas of simulation, high-performance computing, data analytics, and artificial intelligence worldwide. Altair Engineering Inc. was founded in 1985 and is headquartered in Troy, Michigan. The company has 50.79 M outstanding shares of which 2.65 M shares are presently shorted by private and institutional investors with about 11.99 trading days to cover. More on Altair Engineering

Altair Engineering Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. If you consider yourself one of those investors, make sure you clearly understand your entering position. Altair Engineering's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Altair Engineering or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Altair Engineering generated a negative expected return over the last 90 days
Altair Engineering is unlikely to experience financial distress in the next 2 years
The company reported the previous year's revenue of 524.82 M. Net Loss for the year was (5.2 M) with profit before overhead, payroll, taxes, and interest of 348.62 M.
Altair Engineering has a poor financial position based on the latest SEC disclosures
Over 99.0% of the company shares are held by institutions such as insurance companies
Latest headline from simplywall.st: Altair Engineering Has A Rock Solid Balance Sheet - Simply Wall St
Altair Engineering Fama & French Business Services
Business Services
Fama & French Classification
Altair Engineering SEC Filings
Altair Engineering SEC Filings Security & Exchange Commission EDGAR Reports
Legal NameAltair Engineering
New SymbolALTR1
CEOJoao Oliveira  (View All)
Average Analyst Recommendation
Analysts covering Altair Engineering report their recommendations after researching Altair Engineering's financial statements, talking to executives and customers, or listening in on Altair Engineering's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Altair Engineering. The Altair consensus assessment is calculated by taking the average forecast from all of the analysts covering Altair Engineering.
Piotroski F Score
Piotroski F-Score is a popular financial indicator that puts together nine criteria to evaluate the financial strength of Altair Engineering based on its profitability, leverage, liquidity, source of funds, and operating efficiency. It is an academic score (developed by Joseph Piotroski in 2002) to determine the current strength of Altair Engineering financial position. Scores of 8 and 9 are usually classified as strong value stocks, whereas scores of 2 or below are considered weak value stocks.
 4 - PoorDetails
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares79.1 M84.2 M
Notably Down
Increasing
Slightly volatile
Weighted Average Shares Diluted81.8 M84.2 M
Fairly Down
Increasing
Slightly volatile
Net Cash Flow from Operations34.3 M37.8 M
Moderately Down
Increasing
Slightly volatile
Total Assets774.5 M954.4 M
Significantly Down
Increasing
Slightly volatile
Total Liabilities446.6 M518.1 M
Fairly Down
Increasing
Slightly volatile
Current Assets353.7 M445 M
Significantly Down
Increasing
Slightly volatile
Current Liabilities216.8 M230.9 M
Notably Down
Increasing
Slightly volatile
Total Debt313.8 M290.9 M
Significantly Up
Increasing
Slightly volatile
Return on Average Assets(0.0174)(0.0161)
Significantly Down
Decreasing
Stable
Gross Margin0.850.85
Steady
Increasing
Slightly volatile
Asset Turnover0.690.55
Significantly Up
Decreasing
Slightly volatile
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Altair Engineering's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Financial Strength
Altair Engineering's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Altair Engineering's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Altair Engineering's bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of Altair Engineering's outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest.
A- ( Average Bond Rating ) Very Good
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Altair Engineering's financial leverage. It provides some insight into what part of Altair Engineering's total assets is financed by creditors.
Share Download
Share Download
By using current balance sheet information, investors can analyze the liability, assets, and equity on Altair Engineering's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Altair Engineering deploys its capital and how much of that capital is borrowed.
Liquidity
Altair Engineering cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company currently holds 228.75 M in liabilities with Debt to Equity (D/E) ratio of 0.38, which is about average as compared to similar companies. Altair Engineering has a current ratio of 1.64, which is within standard range for the sector.

Operating Cash Flow

34.26 MillionShare
Altair Engineering (ALTR) is traded on NASDAQ Exchange in USA. It is located in 1820 East Big Beaver Road and employs 3,050 people. Altair Engineering is listed under Business Services category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with current market capitalization of 4.82 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Altair Engineering's market, we take the total number of its shares issued and multiply it by Altair Engineering'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 these looking for more risk prefer small-cap and mid-cap equities. Altair Engineering conducts business under Technology sector and is part of Software—Infrastructure industry. The entity has 50.79 M outstanding shares of which 2.65 M shares are presently shorted by private and institutional investors with about 11.99 trading days to cover. Altair Engineering currently holds about 455.86 M in cash with 61.1 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 5.78.
Check Altair Engineering Probability Of Bankruptcy
Ownership
Altair Engineering holds a total of fifty million seven hundred ninety thousand outstanding shares. The majority of Altair Engineering outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in Altair Engineering to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Altair Engineering. Please pay attention to any change in the institutional holdings of Altair Engineering as this could imply that something significant has changed or about to change at the company. Also note that nearly five hundred seven thousand nine hundred invesors are currently shorting Altair Engineering expressing very little confidence in its future performance.

Ownership Allocation (%)

Check Altair Ownership Details

Altair Stock Price Odds Analysis

What are Altair Engineering's target price odds to finish over the current price? In regard to a normal probability distribution, the odds of Altair Engineering jumping above the current price in 90 days from now is close to 99%. The Altair Engineering probability density function shows the probability of Altair Engineering stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.1467. This suggests Altair Engineering market returns are sensible to returns on the market. As the market goes up or down, Altair Engineering is expected to follow. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Altair Engineering is significantly underperforming DOW.
 Odds Down 58.44HorizonTargetOdds Up 58.44 
0.46%90 days
 58.44 
99.54%
Based on a normal probability distribution, the odds of Altair Engineering to move above the current price in 90 days from now is close to 99 (This Altair Engineering probability density function shows the probability of Altair Stock to fall within a particular range of prices over 90 days) .

Altair Engineering Historical Income Statement

Altair Engineering Income Statement is one of the three primary financial statements used for reporting Altair's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Altair Engineering revenue and expense. Altair Engineering Income Statement primarily focuses on the company's revenues and expenses during a particular period.
Altair Engineering Interest Expense is relatively stable at the moment as compared to the past year. Altair Engineering reported last year Interest Expense of 13.34 Million. As of 01/26/2022, Income Tax Expense is likely to grow to about 17.7 M, while Consolidated Income is likely to drop (10.2 M). View More Fundamentals

Altair Stock Against Markets

Picking the right benchmark for Altair Engineering stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Altair Engineering stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Altair Engineering is critical whether you are bullish or bearish towards Altair Engineering at a given time.

Similar Equity Warning - ALTR

Altair Engineering was forked

The entity Altair Engineering with a symbol ALTR was recently forked. You can potentially use Altera Corp with a symbol ALTR1 from now on.

Altair Engineering Corporate Directors

Altair Engineering corporate directors refer to members of an Altair Engineering board of directors. The board of directors generally takes responsibility for the Altair Engineering's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Altair Engineering's board members must vote for the resolution. The Altair Engineering board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Jan Kowal - DirectorProfile
Jose Archer - DirectorProfile
Mary Boyce - Independent DirectorProfile
Pedro Oliveira - DirectorProfile
Please continue to Trending Equities. Note that the Altair Engineering information on this page should be used as a complementary analysis to other Altair Engineering's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.

Complementary Tools for Altair Stock analysis

When running Altair Engineering 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 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.
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 Altair Engineering value 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.