Is Alta Equipment Stock a Good Investment?
Alta Equipment Investment Advice | ALTG |
- Examine Alta Equipment's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Alta Equipment's leadership team and their track record. Good management can help Alta Equipment navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Trading Companies & Distributors space and any emerging trends that could impact Alta Equipment's business and its evolving consumer preferences.
- Compare Alta Equipment's performance and market position to its competitors. Analyze how Alta Equipment is positioned in terms of product offerings, innovation, and market share.
- Check if Alta Equipment pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Alta Equipment's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Alta Equipment Group stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Alta Equipment Group is a good investment.
Sell | Buy |
Strong Sell
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 |
Examine Alta Equipment Stock
Researching Alta Equipment's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 27.0% of the company shares are held by company insiders. The book value of Alta Equipment was presently reported as 2.89. The company has Price/Earnings (P/E) ratio of 211.67. Alta Equipment Group recorded a loss per share of 1.71. The entity last dividend was issued on the 15th of November 2024.
To determine if Alta Equipment is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Alta Equipment's research are outlined below:
| 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 Quarterly Good Will |
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Alta Equipment uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Alta Equipment Group. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Alta Equipment's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 14th of March 2024 Upcoming Quarterly Report | View | |
| 8th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 14th of March 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact Alta Equipment's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Alta Equipment's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2022-05-10 | 2022-03-31 | -0.08 | -0.06 | 0.02 | 25 | ||
2021-03-18 | 2020-12-31 | -0.07 | -0.09 | -0.02 | 28 | ||
2020-11-12 | 2020-09-30 | -0.01 | 0.01 | 0.02 | 200 | ||
2024-03-14 | 2023-12-31 | -0.05 | -0.08 | -0.03 | 60 | ||
2022-11-09 | 2022-09-30 | 0.11 | 0.14 | 0.03 | 27 | ||
2021-05-13 | 2021-03-31 | -0.15 | -0.19 | -0.04 | 26 | ||
2023-08-09 | 2023-06-30 | 0.1 | 0.05 | -0.05 | 50 | ||
2021-11-11 | 2021-09-30 | 0.03 | -0.02 | -0.05 | 166 |
Know Alta Equipment's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Alta Equipment is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Alta Equipment Group backward and forwards among themselves. Alta Equipment's institutional investor refers to the entity that pools money to purchase Alta Equipment's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| 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's market capitalization trends
The company currently falls under 'Small-Cap' category with a current market capitalization of 263.06 M.Market Cap |
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Alta Equipment's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.01 | 0.01 | |
| Return On Capital Employed | 0.06 | 0.06 | |
| Return On Assets | 0.01 | 0.01 | |
| Return On Equity | 0.06 | 0.06 |
Determining Alta Equipment's profitability involves analyzing its financial statements and using various financial metrics to determine if Alta Equipment is a good buy. For example, gross profit margin measures Alta Equipment's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Alta Equipment's profitability and make more informed investment decisions.
Evaluate Alta Equipment's management efficiency
Alta Equipment Group has return on total asset (ROA) of 0.0117 % which means that it generated a profit of $0.0117 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.4391) %, meaning that it created substantial loss on money invested by shareholders. 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.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 4.61 | 7.33 | |
| Tangible Book Value Per Share | 0.21 | 0.20 | |
| Enterprise Value Over EBITDA | 8.30 | 7.89 | |
| Price Book Value Ratio | 2.68 | 2.82 | |
| Enterprise Value Multiple | 8.30 | 7.89 | |
| Price Fair Value | 2.68 | 2.82 | |
| Enterprise Value | 1.6 B | 951.8 M |
Understanding the operational decisions made by Alta Equipment management offers insights into its financial robustness. This evaluation is crucial for assessing the stock's investment potential.
Dividend Yield 0.0288 | Forward Dividend Yield 0.0288 | Forward Dividend Rate 0.23 | Beta 1.67 |
Basic technical analysis of Alta Stock
As of the 25th of November, Alta Equipment shows the Mean Deviation of 3.17, risk adjusted performance of 0.0939, and Downside Deviation of 3.83. 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. 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 7.91 per share. Given that Alta Equipment has jensen alpha of 0.0612, 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's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Alta Equipment insiders, such as employees or executives, is commonly permitted as long as it does not rely on Alta Equipment's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Alta Equipment insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Alta Equipment's Outstanding Corporate Bonds
Alta Equipment issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Alta Equipment Group uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Alta bonds can be classified according to their maturity, which is the date when Alta Equipment Group has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
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Understand Alta Equipment's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Alta Equipment's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.0939 | |||
| Market Risk Adjusted Performance | 0.1491 | |||
| Mean Deviation | 3.17 | |||
| Semi Deviation | 3.64 | |||
| Downside Deviation | 3.83 | |||
| Coefficient Of Variation | 894.37 | |||
| Standard Deviation | 4.24 | |||
| Variance | 18.0 | |||
| Information Ratio | 0.081 | |||
| Jensen Alpha | 0.0612 | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | 0.0898 | |||
| Treynor Ratio | 0.1391 | |||
| Maximum Drawdown | 25.52 | |||
| Value At Risk | (5.48) | |||
| Potential Upside | 6.88 | |||
| Downside Variance | 14.66 | |||
| Semi Variance | 13.26 | |||
| Expected Short fall | (3.56) | |||
| Skewness | 0.4778 | |||
| Kurtosis | 1.97 |
| Risk Adjusted Performance | 0.0939 | |||
| Market Risk Adjusted Performance | 0.1491 | |||
| Mean Deviation | 3.17 | |||
| Semi Deviation | 3.64 | |||
| Downside Deviation | 3.83 | |||
| Coefficient Of Variation | 894.37 | |||
| Standard Deviation | 4.24 | |||
| Variance | 18.0 | |||
| Information Ratio | 0.081 | |||
| Jensen Alpha | 0.0612 | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | 0.0898 | |||
| Treynor Ratio | 0.1391 | |||
| Maximum Drawdown | 25.52 | |||
| Value At Risk | (5.48) | |||
| Potential Upside | 6.88 | |||
| Downside Variance | 14.66 | |||
| Semi Variance | 13.26 | |||
| Expected Short fall | (3.56) | |||
| Skewness | 0.4778 | |||
| Kurtosis | 1.97 |
Consider Alta Equipment's intraday indicators
Alta Equipment intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Alta Equipment stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Alta Equipment Corporate Filings
13A | 13th of November 2024 An amended filing to the original Schedule 13G | ViewVerify |
8K | 12th of November 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
F4 | 1st of November 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
F3 | 9th of September 2024 The report used by insiders such as officers, directors, and major shareholders (beneficial owners holding more than 10% of any class of the company's equity securities) to declare their ownership of a company's stock | ViewVerify |
Alta Stock media impact
Far too much social signal, news, headlines, and media speculation about Alta Equipment that are available to investors today. That information is available publicly through Alta media outlets and privately through word of mouth or via Alta internal channels. However, regardless of the origin, that massive amount of Alta data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Alta Equipment news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Alta Equipment relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Alta Equipment's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Alta Equipment alpha.
Alta Equipment Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Alta Equipment can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Alta Equipment Group Historical Investor Sentiment
Investor biases related to Alta Equipment's public news can be used to forecast risks associated with an investment in Alta. The trend in average sentiment can be used to explain how an investor holding Alta can time the market purely based on public headlines and social activities around Alta Equipment Group. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Alta Equipment's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Alta Equipment and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Alta Equipment news discussions. The higher the estimate score, the more favorable the investor's outlook on Alta Equipment.
Alta Equipment Corporate Management
| Daniel Shribman | Director | Profile | |
| Andrew Studdert | Independent Director | Profile | |
| Jeff Hoover | Chief Counsel | Profile | |
| Sinem McDonald | Director Reporting | Profile | |
| Craig Brubaker | Chief Officer | Profile |
Already Invested in Alta Equipment Group?
The danger of trading Alta Equipment Group is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Alta Equipment is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Alta Equipment. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Alta Equipment Group is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Alta Equipment Group is a strong investment it is important to analyze Alta Equipment's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Alta Equipment's future performance. For an informed investment choice regarding Alta Stock, refer to the following important reports: 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 closely tied with the direction of predictive economic indicators such as signals in estimate. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
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.
In summary, please note that there is a difference between Alta Equipment's value and its price, as these two are different measures arrived at by various 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.