Alta Equipment Group Stock Performance
| ALTG Stock | USD 7.29 0.08 1.11% |
On a scale of 0 to 100, Alta Equipment holds a performance score of 8. The firm shows a Beta (market volatility) of 0.82, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Alta Equipment's returns are expected to increase less than the market. However, during the bear market, the loss of holding Alta Equipment is expected to be smaller as well. Please check Alta Equipment's semi variance, and the relationship between the maximum drawdown and accumulation distribution , to make a quick decision on whether Alta Equipment's price patterns will revert.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Alta Equipment Group are ranked lower than 8 (%) of all global equities and portfolios over the last 90 days. Despite nearly fragile basic indicators, Alta Equipment reported solid returns over the last few months and may actually be approaching a breakup point. ...more
Actual Historical Performance (%)
One Day Return 1.11 | Five Day Return 17.01 | Year To Date Return 11.3 | Ten Year Return (24.85) | All Time Return (24.85) |
Forward Dividend Yield 0.0313 | Payout Ratio | Forward Dividend Rate 0.23 | Dividend Date 2024-11-29 | Ex Dividend Date 2024-11-15 |
1 | Alta Equipment Moves 15.8 percent Higher Will This Strength Last | 11/07/2024 |
2 | Alta Equipment Groups Dividend Will Be 0.057 | 11/08/2024 |
3 | Alta Equipment Group Inc Q3 2024 Earnings Call Highlights Strategic Deleveraging and ... | 11/13/2024 |
4 | Alta Equipment Group Third Quarter 2024 Earnings Misses Expectations | 11/14/2024 |
5 | Alta Equipment Moves 15.8 percent Higher Will This Strength Last - MSN | 11/19/2024 |
| Alta Equipment dividend paid on 29th of November 2024 | 11/29/2024 |
6 | Specialty Equipment Distributors Stocks Q3 Results Benchmarking SiteOne | 12/05/2024 |
7 | Acquisition by Zachary Savas of 5000 shares of Alta Equipment at 14.1782 subject to Rule 16b-3 | 12/06/2024 |
8 | Disposition of 350 shares by Mill Road Capital Iii, L.p. of Alta Equipment at 10.0 subject to Rule 16b-3 | 12/16/2024 |
9 | Disposition of tradable shares by Mill Road Capital Iii, L.p. of Alta Equipment at 10.0 subject to Rule 16b-3 | 12/17/2024 |
10 | Disposition of 206 shares by Mill Road Capital Iii, L.p. of Alta Equipment at 10.0 subject to Rule 16b-3 | 12/19/2024 |
11 | Is Billion Dollar Hedge Fund Voss Capital Crazy About Alta Equipment Group | 12/24/2024 |
12 | Shareholders May Not Overlook Alta Equipment Group Insiders Selling US681k In Stock | 01/16/2025 |
| Begin Period Cash Flow | 2.7 M |
Alta |
Alta Equipment Relative Risk vs. Return Landscape
If you would invest 586.00 in Alta Equipment Group on October 20, 2024 and sell it today you would earn a total of 143.00 from holding Alta Equipment Group or generate 24.4% return on investment over 90 days. Alta Equipment Group is currently generating 0.4361% in daily expected returns and assumes 4.0132% risk (volatility on return distribution) over the 90 days horizon. In different words, 35% of stocks are less volatile than Alta, and 92% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Alta Equipment Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alta Equipment's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Alta Equipment Group, and traders can use it to determine the average amount a Alta Equipment's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1087
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Estimated Market Risk
| 4.01 actual daily | 35 65% of assets are more volatile |
Expected Return
| 0.44 actual daily | 8 92% of assets have higher returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average Alta Equipment is performing at about 8% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Alta Equipment by adding it to a well-diversified portfolio.
Alta Equipment Fundamentals Growth
Alta Stock prices reflect investors' perceptions of the future prospects and financial health of Alta Equipment, and Alta Equipment fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Alta Stock performance.
| Return On Equity | -0.44 | ||||
| Return On Asset | 0.0117 | ||||
| Profit Margin | (0.03) % | ||||
| Operating Margin | 0.02 % | ||||
| Current Valuation | 1.46 B | ||||
| Shares Outstanding | 33.26 M | ||||
| Price To Earning | 211.67 X | ||||
| Price To Book | 2.51 X | ||||
| Price To Sales | 0.13 X | ||||
| Revenue | 1.88 B | ||||
| Gross Profit | 510.2 M | ||||
| EBITDA | 192.1 M | ||||
| Net Income | 8.9 M | ||||
| Cash And Equivalents | 500 K | ||||
| Cash Per Share | 0.02 X | ||||
| Total Debt | 1.18 B | ||||
| Debt To Equity | 5.38 % | ||||
| Current Ratio | 1.06 X | ||||
| Book Value Per Share | 2.89 X | ||||
| Cash Flow From Operations | 63.8 M | ||||
| Earnings Per Share | (1.71) X | ||||
| Market Capitalization | 242.44 M | ||||
| Total Asset | 1.57 B | ||||
| Retained Earnings | (76.4 M) | ||||
| Working Capital | 202.9 M | ||||
| Current Asset | 44.43 K | ||||
| Current Liabilities | 273.94 K | ||||
About Alta Equipment Performance
By analyzing Alta Equipment's fundamental ratios, stakeholders can gain valuable insights into Alta Equipment's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Alta Equipment has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Alta Equipment has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 162.65 | 154.51 | |
| Return On Tangible Assets | 0.01 | 0.01 | |
| Return On Capital Employed | 0.05 | 0.05 | |
| Return On Assets | 0.01 | 0.01 | |
| Return On Equity | 0.07 | 0.07 |
Things to note about Alta Equipment Group performance evaluation
Checking the ongoing alerts about Alta Equipment for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Alta Equipment Group help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Alta Equipment Group had very high historical volatility over the last 90 days | |
| About 69.0% of the company shares are held by institutions such as insurance companies | |
| On 29th of November 2024 Alta Equipment paid $ 0.057 per share dividend to its current shareholders | |
| Latest headline from simplywall.st: Shareholders May Not Overlook Alta Equipment Group Insiders Selling US681k In Stock |
- Analyzing Alta Equipment's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Alta Equipment's stock is overvalued or undervalued compared to its peers.
- Examining Alta Equipment's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Alta Equipment's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Alta Equipment's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Alta Equipment's stock. These opinions can provide insight into Alta Equipment's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for Alta Stock analysis
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.
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