The Case for and Against Altice USA, Inc. (ATUS)

Altice USA, Inc. (ATUS) is an interesting player in the Technology space, with a focus on Telecom Services – Domestic. The stock has been active on the tape, currently trading at $19.03, up from yesterday’s close by 1.93%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Altice USA, Inc. (ATUS) currently trades with a market capitalization of $14.19 Billion. That value represents a market adjusting for revenues that have been growing by 2.58 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $1.01 Billion over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of -$0.12 on a per share basis this quarter. Perhaps, that suggests something about why 0.42% of the outstanding share supply is held by institutional investors.



Technical Analysis

No analysis is ever complete without a thorough survey of a stock’s technical behavior. Looking at the stock’s movement on the chart, Altice USA, Inc. recorded a 52-week high of $35.29. It is now trading 16.26% off that level. The stock is trading $19.53 its 50-day moving average by 0.5%. The stock carved out a 52-week low down at $17.58.

In recent action, Altice USA, Inc. (ATUS) has made a move of -6.02% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 14.08, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 11.94% with $183.04 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of ATUS.

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