Altair Stock Today

ALTR
 Stock
  

USD 51.25  0.16  0.31%   

Market Performance
0 of 100
Odds Of Distress
Less than 1
Altair Engineering is selling at 51.25 as of the 28th of June 2022; that is -0.31 percent decrease since the beginning of the trading day. The stock's lowest day price was 50.48. Altair Engineering has a very small chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Altair Engineering are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 30th of December 2021 and ending today, the 28th of June 2022. Click here to learn more.
CUSIP
021369103
Fiscal Year End
December
Business Domain
Software & Services
IPO Date
1st of November 2017
Category
Technology
Classification
Information Technology
ISIN
US0213691035
Altair Engineering Inc., together with its subsidiaries, provides software and cloud solutions in the areas of simulation, high-performance computing, data analytics, and artificial intelligence worldwide. Altair Engineering Inc. was incorporated in 1985 and is headquartered in Troy, Michigan. The company has 50.79 M outstanding shares of which 2.67 M shares are presently shorted by private and institutional investors with about 14.9 trading days to cover. More on Altair Engineering

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Follow Valuation Options Odds of Bankruptcy
Check how we calculate scores

Altair Engineering Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. If you consider yourself one of those investors, make sure you clearly understand your entering position. Altair Engineering's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Altair Engineering or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Altair Engineering generated a negative expected return over the last 90 days
Altair Engineering is unlikely to experience financial distress in the next 2 years
The company reported the previous year's revenue of 532.18 M. Net Loss for the year was (8.79 M) with profit before overhead, payroll, taxes, and interest of 403.54 M.
Over 98.0% of the company shares are held by institutions such as insurance companies
Latest headline from www.nasdaq.com: Zacks Investment Ideas feature highlights FTI Consulting - Nasdaq
New SymbolALTR1
CEOJoao Oliveira
Thematic IdeaESG Investing (view all)
Fama & French Classification
Average Analyst Recommendation
Analysts covering Altair Engineering report their recommendations after researching Altair Engineering's financial statements, talking to executives and customers, or listening in on Altair Engineering's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Altair Engineering. The Altair consensus assessment is calculated by taking the average forecast from all of the analysts covering Altair Engineering.
Piotroski F Score
Piotroski F-Score is a popular financial indicator that puts together nine criteria to evaluate the financial strength of Altair Engineering based on its profitability, leverage, liquidity, source of funds, and operating efficiency. It is an academic score (developed by Joseph Piotroski in 2002) to determine the current strength of Altair Engineering financial position. Scores of 8 and 9 are usually classified as strong value stocks, whereas scores of 2 or below are considered weak value stocks.
 6 - HealthyDetails
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares76.2 M76.2 M
Slightly Up
Increasing
Slightly volatile
Weighted Average Shares Diluted78.5 M76.2 M
Sufficiently Up
Increasing
Slightly volatile
Net Cash Flow from Operations49.8 M61.6 M
Significantly Down
Increasing
Slightly volatile
Total Assets941.8 M1.2 B
Significantly Down
Increasing
Slightly volatile
Total Liabilities483.6 M549.3 M
Fairly Down
Increasing
Slightly volatile
Current Assets634.7 M588.2 M
Significantly Up
Increasing
Slightly volatile
Current Liabilities511.4 M474 M
Significantly Up
Increasing
Slightly volatile
Total Debt194.3 M229.2 M
Fairly Down
Increasing
Slightly volatile
Return on Average Assets(0.0097)(0.009)
Significantly Down
Decreasing
Stable
Gross Margin0.80.756
Notably Up
Increasing
Slightly volatile
Asset Turnover0.670.558
Fairly Up
Decreasing
Slightly volatile
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Altair Engineering's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong HoldUndervalued
Financial Strength
Altair Engineering's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Altair Engineering's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Altair Engineering's financial leverage. It provides some insight into what part of Altair Engineering's total assets is financed by creditors.
Share Download
Share Download
By using current balance sheet information, investors can analyze the liability, assets, and equity on Altair Engineering's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Altair Engineering deploys its capital and how much of that capital is borrowed.
Liquidity
Altair Engineering cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company currently holds 229.53 M in liabilities with Debt to Equity (D/E) ratio of 0.37, which is about average as compared to similar companies. Altair Engineering has a current ratio of 1.22, suggesting that it is in a questionable position to pay out its financial obligations when due. Debt can assist Altair Engineering until it has trouble settling it off, either with new capital or with free cash flow. So, Altair Engineering's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Altair Engineering sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Altair to invest in growth at high rates of return. When we think about Altair Engineering's use of debt, we should always consider it together with cash and equity.

Operating Cash Flow

49.84 MillionShare
Altair Engineering (ALTR) is traded on NASDAQ Exchange in USA. It is located in 1820 East Big Beaver Road, Troy, MI 48083, United States and employs 3,050 people. Altair Engineering is listed under Business Services category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with current market capitalization of 4.39 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Altair Engineering's market, we take the total number of its shares issued and multiply it by Altair Engineering's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities. Altair Engineering conducts business under Technology sector and is part of Software—Infrastructure industry. The entity has 50.79 M outstanding shares of which 2.67 M shares are presently shorted by private and institutional investors with about 14.9 trading days to cover. Altair Engineering currently holds about 413.74 M in cash with 61.62 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 5.22.
Check Altair Engineering Probability Of Bankruptcy
Ownership
Altair Engineering retains a total of 50.79 Million outstanding shares. The majority of Altair Engineering outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in Altair Engineering to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Altair Engineering. Please pay attention to any change in the institutional holdings of Altair Engineering as this could imply that something significant has changed or about to change at the company. Remember, it does not matter who owns the company or if the company is currently losing money. If the true value of the company is more than the market pays for it currently, you can still have a good investment opportunity.

Ownership Allocation (%)

Check Altair Ownership Details

Altair Stock Price Odds Analysis

What are Altair Engineering's target price odds to finish over the current price? In regard to a normal probability distribution, the odds of Altair Engineering jumping above the current price in 90 days from now is about 83.53%. The Altair Engineering probability density function shows the probability of Altair Engineering stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.0912. This suggests Altair Engineering market returns are sensible to returns on the market. As the market goes up or down, Altair Engineering is expected to follow. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Altair Engineering is significantly underperforming DOW.
  Odds Below 51.25HorizonTargetOdds Above 51.25
16.36%90 days
 51.25 
83.53%
Based on a normal probability distribution, the odds of Altair Engineering to move above the current price in 90 days from now is about 83.53 (This Altair Engineering probability density function shows the probability of Altair Stock to fall within a particular range of prices over 90 days) .

Altair Engineering Historical Income Statement

Altair Engineering Income Statement is one of the three primary financial statements used for reporting Altair's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Altair Engineering revenue and expense. Altair Engineering Income Statement primarily focuses on the company's revenues and expenses during a particular period.
Altair Engineering Cost of Revenue is relatively stable at the moment as compared to the past year. Altair Engineering reported last year Cost of Revenue of 129.67 Million. As of 06/28/2022, Interest Expense is likely to grow to about 13 M, while Consolidated Income is likely to drop (9.5 M). View More Fundamentals

Altair Stock Against Markets

Picking the right benchmark for Altair Engineering stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Altair Engineering stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Altair Engineering is critical whether you are bullish or bearish towards Altair Engineering at a given time.

Similar Equity Warning - ALTR

Altair Engineering was forked

The entity Altair Engineering with a symbol ALTR was recently forked. You can potentially use ALTERA CORP with a symbol ALTR1 from now on.

Altair Engineering Corporate Directors

Altair Engineering corporate directors refer to members of an Altair Engineering board of directors. The board of directors generally takes responsibility for the Altair Engineering's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Altair Engineering's board members must vote for the resolution. The Altair Engineering board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Jan Kowal - DirectorProfile
Jose Archer - DirectorProfile
Mary Boyce - Independent DirectorProfile
Pedro Oliveira - DirectorProfile

Investing Altair Engineering

You need to understand the risk of investing before taking a position in Altair Engineering. The danger of trading Altair Engineering is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Altair Engineering is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Altair Engineering. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Altair Engineering is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Please continue to Trending Equities. Note that the Altair Engineering information on this page should be used as a complementary analysis to other Altair Engineering's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.

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When running Altair Engineering price analysis, check to measure Altair Engineering'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 Altair Engineering is operating at the current time. Most of Altair Engineering's value examination focuses on studying past and present price action to predict the probability of Altair Engineering's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Altair Engineering's price. Additionally, you may evaluate how the addition of Altair Engineering to your portfolios can decrease your overall portfolio volatility.
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Is Altair Engineering's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Altair Engineering. If investors know Altair will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Altair Engineering listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
-0.28
Market Capitalization
4.1 B
Quarterly Revenue Growth YOY
0.064
Return On Assets
0.0106
Return On Equity
-0.0229
The market value of Altair Engineering is measured differently than its book value, which is the value of Altair that is recorded on the company's balance sheet. Investors also form their own opinion of Altair Engineering's value that differs from its market value or its book value, called intrinsic value, which is Altair Engineering's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Altair Engineering's market value can be influenced by many factors that don't directly affect Altair Engineering's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Altair Engineering's value and its price as these two are different measures arrived at by different means. Investors typically determine Altair Engineering value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Altair Engineering's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.