How to buy Altair Engineering stock - 09 March

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How to buy Altair Engineering stock

Own Altair Engineering stock in just a few minutes.

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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.

How to buy shares in Altair Engineering

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Altair Engineering. Find the stock by name or ticker symbol: ALTR. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Altair Engineering reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Altair Engineering, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of Altair Engineering. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Altair Engineering share price

Use our graph to track the performance of ALTR stocks over time.

Altair Engineering shares at a glance

Information last updated 2021-03-03.
52-week rangeUSD$23.04 - USD$68.58
50-day moving average USD$61.5649
200-day moving average USD$51.4251
Wall St. target priceUSD$68
PE ratio 1679.6001
Dividend yield N/A (0%)
Earnings per share (TTM) USD$0.025

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

Is it a good time to buy Altair Engineering stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Is Altair Engineering under- or over-valued?

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 P/E ratio

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

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.

Altair Engineering financials

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%
Profit margin -2.23%
Book value $5.094
Market capitalisation USD$4.7 billion

TTM: trailing 12 months

Shorting Altair Engineering shares

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)

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.

Altair Engineering share dividends

We're not expecting Altair Engineering to pay a dividend over the next 12 months.

Altair Engineering share price volatility

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".

ALTR.US volatility(beta: 1.54)Avg. volatility(beta: 1.00)LowHigh

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 overview

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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