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Altair Engineering Inc is a software-infrastructure business based in the US. Altair Engineering shares (ALTR) are listed on the NASDAQ and all prices are listed in US Dollars. Altair Engineering employs 3,050 staff and has a trailing 12-month revenue of around USD$469.9 million.
|52-week range||USD$23.04 - USD$68.58|
|50-day moving average||USD$61.5649|
|200-day moving average||USD$51.4251|
|Wall St. target price||USD$68|
|Dividend yield||N/A (0%)|
|Earnings per share (TTM)||USD$0.025|
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Valuing Altair Engineering stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Altair Engineering's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Altair Engineering's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 1680x. In other words, Altair Engineering shares trade at around 1680x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
Altair Engineering's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$34.5 million.
The EBITDA is a measure of a Altair Engineering's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||USD$469.9 million|
|Operating margin TTM||2.28%|
|Gross profit TTM||USD$348.6 million|
|Return on assets TTM||0.85%|
|Return on equity TTM||-2.86%|
|Market capitalisation||USD$4.7 billion|
TTM: trailing 12 months
There are currently 4.7 million Altair Engineering shares held short by investors – that's known as Altair Engineering's "short interest". This figure is 2.3% up from 4.6 million last month.
There are a few different ways that this level of interest in shorting Altair Engineering shares can be evaluated.
Altair Engineering's "short interest ratio" (SIR) is the quantity of Altair Engineering shares currently shorted divided by the average quantity of Altair Engineering shares traded daily (recently around 300235.06078055). Altair Engineering's SIR currently stands at 15.63. In other words for every 100,000 Altair Engineering shares traded daily on the market, roughly 15630 shares are currently held short.
However Altair Engineering's short interest can also be evaluated against the total number of Altair Engineering shares, or, against the total number of tradable Altair Engineering shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Altair Engineering's short interest could be expressed as 0.06% of the outstanding shares (for every 100,000 Altair Engineering shares in existence, roughly 60 shares are currently held short) or 0.1091% of the tradable shares (for every 100,000 tradable Altair Engineering shares, roughly 109 shares are currently held short).
A SIR above 10% would generally be considered pretty high, pointing to a potentially pessimistic outlook for the share price and a discouraging interest in betting against Altair Engineering.
Find out more about how you can short Altair Engineering stock.
We're not expecting Altair Engineering to pay a dividend over the next 12 months.
Over the last 12 months, Altair Engineering's shares have ranged in value from as little as $23.04 up to $68.58. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Altair Engineering's is 1.5356. This would suggest that Altair Engineering's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).
Altair Engineering Inc., together with its subsidiaries, provides software and cloud solutions worldwide. The company operates through two segments, Software and Client Engineering Services. Its integrated suite of software optimizes design performance across various disciplines, including structures, motion, fluids, thermal management, electromagnetics, system modeling, and embedded systems. The company offers software products in the areas of design, modeling, and visualization; physics simulation; data analytics; high performance computing; and Internet of Things for decision making in product design and development, manufacturing, energy management and exploration, financial services, health care, and retail operations. It also provides software technologies in the areas of computational fluid dynamics and fatigue, manufacturing process simulation, and cost estimation for the applications in marine, motorcycle, aerospace, chemical, and architecture industries. In addition, the company offers consulting, training, implementation, and other software related services, as well as hardware products; and client engineering services to support customers with ongoing product design and development services. Altair Engineering Inc. was founded in 1985 and is headquartered in Troy, Michigan.
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