Taking a Fresh Look at 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 $19.82, up from yesterday’s close by 2.96%. 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 $14.54 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

We’ve taken a serious look at this stock from a fundamental perspective, but the tale of the tape may offer more hints about what lies under the surface. Looking at the stock’s movement on the chart, Altice USA, Inc. recorded a 52-week high of $35.29. It is now trading 15.47% off that level. The stock is trading $19.40 its 50-day moving average by -0.42%. The stock carved out a 52-week low down at $17.58.

In recent action, Altice USA, Inc. (ATUS) has made a move of -3.32% 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 13.41, 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 13.72% 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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