Alta Equipment Group Stock Buy Hold or Sell Recommendation
| ALTG Stock | USD 7.91 0.40 5.33% |
Given the investment horizon of 90 days and your complete indifference towards market risk, our recommendation regarding Alta Equipment Group is 'Strong Hold'. Macroaxis provides Alta Equipment buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding ALTG positions.
Check out Alta Equipment Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note, we conduct extensive research on individual companies such as Alta and provide practical buy, sell, or hold advice based on investors' constraints. Alta Equipment Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
Alta |
Execute Alta Equipment Buy or Sell Advice
The Alta recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Alta Equipment Group. Macroaxis does not own or have any residual interests in Alta Equipment Group or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Alta Equipment's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Hold
Market Performance | Modest | Details | |
Volatility | Somewhat reliable | Details | |
Hype Condition | Under hyped | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Below Average | Details | |
Economic Sensitivity | Hyperactively responds to market trends | Details | |
Investor Sentiment | Interested | Details | |
Analyst Consensus | Buy | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Alta Equipment Trading Alerts and Improvement Suggestions
| Alta Equipment Group had very high historical volatility over the last 90 days | |
| About 68.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from finance.yahoo.com: Analysts Have Been Trimming Their Alta Equipment Group Inc. Price Target After Its Latest Report |
Alta Equipment Returns Distribution Density
The distribution of Alta Equipment's historical returns is an attempt to chart the uncertainty of Alta Equipment's future price movements. The chart of the probability distribution of Alta Equipment daily returns describes the distribution of returns around its average expected value. We use Alta Equipment Group price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Alta Equipment returns is essential to provide solid investment advice for Alta Equipment.
| Mean Return | 0.47 | Value At Risk | -5.48 | Potential Upside | 6.88 | Standard Deviation | 4.24 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Alta Equipment historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Alta Stock Institutional Investors
| Shares | Sunrise Partners Llc | 2024-09-30 | 392.6 K | Boothbay Fund Management, Llc | 2024-09-30 | 356.5 K | Register Financial Advisors Llc | 2024-09-30 | 334.8 K | Castleknight Management Lp | 2024-09-30 | 317.9 K | Citadel Advisors Llc | 2024-09-30 | 284.6 K | Punch & Associates Inv Mgmt Inc | 2024-09-30 | 271.6 K | American Century Companies Inc | 2024-09-30 | 270.7 K | Nuveen Asset Management, Llc | 2024-06-30 | 242.7 K | Susquehanna International Group, Llp | 2024-06-30 | 238.3 K | Mill Road Capital Management Llc | 2024-09-30 | 4.2 M | Voss Capital Llc | 2024-09-30 | 3 M |
Alta Equipment Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Capital Expenditures | 22.3M | 45.9M | 50.4M | 76.7M | 74.6M | 45.0M | |
| Net Income | 8.9K | (24M) | (20.8M) | 9.3M | 8.9M | 9.3M | |
| End Period Cash Flow | 654.5K | 1.2M | 2.3M | 2.7M | 31M | 32.6M | |
| Change To Inventory | (72.2M) | (140.8M) | (154.1M) | (272.6M) | (286.3M) | (272.0M) | |
| Change In Cash | 604.8K | 1.2M | 1.1M | 400K | 28.3M | 29.7M | |
| Net Borrowings | 91.9M | 92.8M | 88.1M | 413.2M | 475.2M | 498.9M | |
| Free Cash Flow | (22.8M) | (84.3M) | (19.7M) | (50.7M) | (10.8M) | (11.3M) | |
| Depreciation | 50.1M | 75M | 95.8M | 112M | 132.6M | 83.9M | |
| Other Non Cash Items | (52.3M) | 42.1M | 127.4M | 111.3M | 105M | 55.1M | |
| Change To Netincome | 31.1M | (8M) | 300K | 6.3M | 5.7M | 5.1M |
Alta Equipment Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Alta Equipment or Trading Companies & Distributors sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Alta Equipment's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Alta stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | 0.06 | |
β | Beta against Dow Jones | 3.34 | |
σ | Overall volatility | 4.16 | |
Ir | Information ratio | 0.08 |
Alta Equipment Volatility Alert
Alta Equipment Group shows above-average downside volatility for the selected time horizon. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Alta Equipment's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Alta Equipment's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Alta Equipment Fundamentals Vs Peers
Comparing Alta Equipment's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Alta Equipment's direct or indirect competition across all of the common fundamentals between Alta Equipment and the related equities. This way, we can detect undervalued stocks with similar characteristics as Alta Equipment or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Alta Equipment's fundamental indicators could also be used in its relative valuation, which is a method of valuing Alta Equipment by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Alta Equipment to competition |
| Fundamentals | Alta Equipment | Peer Average |
| Return On Equity | -0.44 | -0.31 |
| Return On Asset | 0.0117 | -0.14 |
| Profit Margin | (0.03) % | (1.27) % |
| Operating Margin | 0.02 % | (5.51) % |
| Current Valuation | 1.48 B | 16.62 B |
| Shares Outstanding | 33.26 M | 571.82 M |
| Shares Owned By Insiders | 26.59 % | 10.09 % |
| Shares Owned By Institutions | 68.00 % | 39.21 % |
| Number Of Shares Shorted | 2.78 M | 4.71 M |
| Price To Earning | 211.67 X | 28.72 X |
| Price To Book | 2.75 X | 9.51 X |
| Price To Sales | 0.14 X | 11.42 X |
| Revenue | 1.88 B | 9.43 B |
| Gross Profit | 419.6 M | 27.38 B |
| EBITDA | 187 M | 3.9 B |
| Net Income | 8.9 M | 570.98 M |
| Cash And Equivalents | 500 K | 2.7 B |
| Cash Per Share | 0.02 X | 5.01 X |
| Total Debt | 1.18 B | 5.32 B |
| Debt To Equity | 5.38 % | 48.70 % |
| Current Ratio | 1.06 X | 2.16 X |
| Book Value Per Share | 2.89 X | 1.93 K |
| Cash Flow From Operations | 63.8 M | 971.22 M |
| Short Ratio | 12.54 X | 4.00 X |
| Earnings Per Share | (1.71) X | 3.12 X |
| Target Price | 12.86 | |
| Number Of Employees | 3 K | 18.84 K |
| Beta | 1.67 | -0.15 |
| Market Capitalization | 263.06 M | 19.03 B |
| Total Asset | 1.57 B | 29.47 B |
| Retained Earnings | (76.4 M) | 9.33 B |
| Working Capital | 202.9 M | 1.48 B |
| Current Asset | 44.43 K | 9.34 B |
Note: Disposition of 412 shares by Mill Road Capital Iii, L.p. of Alta Equipment at 12.5 subject to Rule 16b-3 [view details]
Alta Equipment Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Alta . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Alta Equipment Buy or Sell Advice
When is the right time to buy or sell Alta Equipment Group? Buying financial instruments such as Alta Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
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Check out Alta Equipment Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Is Trading Companies & Distributors space 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 (1.71) | Revenue Per Share 57.408 | Quarterly Revenue Growth (0.04) |
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.