Altair Engineering Stock Buy Hold or Sell Recommendation
| ALTR Stock | USD 105.20 0.85 0.81% |
Given the investment horizon of 90 days and your highly speculative risk level, our recommendation regarding Altair Engineering is 'Strong Buy'. A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Altair Engineering given historical horizon and risk tolerance towards Altair Engineering. When Macroaxis issues a 'buy' or 'sell' recommendation for Altair Engineering, the advice is generated through an automated system that utilizes algorithms and statistical models.
Check out Altair Engineering 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. To learn how to invest in Altair Stock, please use our How to Invest in Altair Engineering guide. Note, we conduct extensive research on individual companies such as Altair and provide practical buy, sell, or hold advice based on investors' constraints. Altair Engineering. 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.
Altair |
Execute Altair Engineering Buy or Sell Advice
The Altair recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Altair Engineering. Macroaxis does not own or have any residual interests in Altair Engineering or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Altair Engineering's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Buy
Market Performance | OK | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Follows the market closely | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Hold | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Altair Engineering Trading Alerts and Improvement Suggestions
| The company reported the previous year's revenue of 612.7 M. Net Loss for the year was (8.93 M) with profit before overhead, payroll, taxes, and interest of 449.33 M. | |
| Over 98.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from finance.yahoo.com: Altair Technology Powers Cleveland Golfs New HiBore XL Driver |
Altair Engineering Returns Distribution Density
The distribution of Altair Engineering's historical returns is an attempt to chart the uncertainty of Altair Engineering's future price movements. The chart of the probability distribution of Altair Engineering daily returns describes the distribution of returns around its average expected value. We use Altair Engineering price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Altair Engineering returns is essential to provide solid investment advice for Altair Engineering.
| Mean Return | 0.28 | Value At Risk | -2.03 | Potential Upside | 3.32 | Standard Deviation | 2.04 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Altair Engineering 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.
Altair Stock Institutional Investors
The Altair Engineering's institutional investors refer to entities that pool money to purchase Altair Engineering's securities or originate loans. These institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds.
| Shares | Alliancebernstein L.p. | 2024-06-30 | 1.3 M | Bamco Inc | 2024-09-30 | 1.3 M | Hhg Plc | 2024-06-30 | 1.1 M | T. Rowe Price Investment Management,inc. | 2024-09-30 | 982 K | Ameriprise Financial Inc | 2024-06-30 | 830 K | Wellington Management Company Llp | 2024-06-30 | 729 K | Axa Sa | 2024-06-30 | 715.5 K | Northern Trust Corp | 2024-09-30 | 687.8 K | Dimensional Fund Advisors, Inc. | 2024-09-30 | 579 K | Matrix Capital Management Company, Llc | 2024-06-30 | 12.4 M | Blackrock Inc | 2024-06-30 | 7.9 M |
Altair Engineering Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change To Inventory | (4.5M) | (887K) | (9.3M) | 8.9M | 10.2M | 10.7M | |
| Change In Cash | 187.8M | 18.1M | 172.5M | (97.1M) | 150.6M | 158.1M | |
| Net Borrowings | 190.9M | 30M | (30M) | 30.3M | 34.9M | 22.7M | |
| Free Cash Flow | 21.3M | 24.7M | 53.4M | 29.9M | 117.1M | 123.0M | |
| Depreciation | 21.5M | 23.8M | 25.6M | 35.5M | 39.1M | 23.3M | |
| Other Non Cash Items | 6.3M | 12.2M | 12.7M | 11.6M | 7.6M | 6.1M | |
| Capital Expenditures | 10.1M | 8.2M | 8.2M | 9.6M | 10.2M | 9.8M | |
| Net Income | (7.5M) | (10.5M) | (8.8M) | (43.4M) | (8.9M) | (9.4M) | |
| End Period Cash Flow | 223.5M | 241.5M | 414.0M | 317.0M | 467.6M | 491.0M | |
| Change To Netincome | 8.3M | 12.4M | 44.3M | 81.0M | 93.2M | 97.8M | |
| Investments | (35.8M) | (49.1M) | (62.5M) | (154.5M) | (16.9M) | (17.8M) | |
| Change Receivables | (7.9M) | (11.0M) | (15.6M) | (34.2M) | (30.8M) | (29.2M) |
Altair Engineering 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 Altair Engineering or Software 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 Altair Engineering'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 Altair 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 | 0.20 | |
β | Beta against Dow Jones | 0.55 | |
σ | Overall volatility | 2.07 | |
Ir | Information ratio | 0.07 |
Altair Engineering Volatility Alert
Altair Engineering has relatively low volatility with skewness of 1.67 and kurtosis of 6.45. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Altair Engineering'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 Altair Engineering'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.Altair Engineering Fundamentals Vs Peers
Comparing Altair Engineering'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 Altair Engineering's direct or indirect competition across all of the common fundamentals between Altair Engineering and the related equities. This way, we can detect undervalued stocks with similar characteristics as Altair Engineering or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Altair Engineering's fundamental indicators could also be used in its relative valuation, which is a method of valuing Altair Engineering by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Altair Engineering to competition |
| Fundamentals | Altair Engineering | Peer Average |
| Return On Equity | 0.0447 | -0.31 |
| Return On Asset | 0.0146 | -0.14 |
| Profit Margin | 0.05 % | (1.27) % |
| Operating Margin | (0.03) % | (5.51) % |
| Current Valuation | 8.71 B | 16.62 B |
| Shares Outstanding | 59.78 M | 571.82 M |
| Shares Owned By Insiders | 2.29 % | 10.09 % |
| Shares Owned By Institutions | 97.71 % | 39.21 % |
| Number Of Shares Shorted | 4.48 M | 4.71 M |
| Price To Earning | 29.59 X | 28.72 X |
| Price To Book | 10.71 X | 9.51 X |
| Price To Sales | 13.90 X | 11.42 X |
| Revenue | 612.7 M | 9.43 B |
| Gross Profit | 449.33 M | 27.38 B |
| EBITDA | 57.86 M | 3.9 B |
| Net Income | (8.93 M) | 570.98 M |
| Cash And Equivalents | 416.14 M | 2.7 B |
| Cash Per Share | 5.20 X | 5.01 X |
| Total Debt | 338.83 M | 5.32 B |
| Debt To Equity | 0.59 % | 48.70 % |
| Current Ratio | 2.96 X | 2.16 X |
| Book Value Per Share | 9.85 X | 1.93 K |
| Cash Flow From Operations | 127.31 M | 971.22 M |
| Short Ratio | 5.70 X | 4.00 X |
| Earnings Per Share | 0.40 X | 3.12 X |
| Price To Earnings To Growth | 6.26 X | 4.89 X |
| Target Price | 105.98 | |
| Number Of Employees | 3.4 K | 18.84 K |
| Beta | 1.44 | -0.15 |
| Market Capitalization | 8.96 B | 19.03 B |
| Total Asset | 1.36 B | 29.47 B |
| Retained Earnings | (130.5 M) | 9.33 B |
| Working Capital | 376.51 M | 1.48 B |
Note: Disposition of 360 shares by Ravi Kunju of Altair Engineering at 103.65 subject to Rule 16b-3 [view details]
Altair Engineering Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Altair . 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 Altair Engineering Buy or Sell Advice
When is the right time to buy or sell Altair Engineering? Buying financial instruments such as Altair 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.
Please read more on our stock advisor page.
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Additional 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.