Is Alta Equipment Group, Inc. technically bullish or bearish?
2025-09-20 20:06:06As of 9 September 2025, the technical trend for Alta Equipment Group, Inc. has changed from bullish to mildly bullish. The weekly MACD is bullish, while the monthly MACD is mildly bullish, indicating some positive momentum. The daily moving averages also reflect a mildly bullish stance. However, the weekly Dow Theory shows a mildly bearish signal, and the On-Balance Volume (OBV) is mildly bearish for both weekly and monthly periods, suggesting some selling pressure. In terms of returns, the stock has underperformed the S&P 500 over the 1-week and 1-month periods, with returns of -2.91% and -5.17% compared to the S&P 500's 1.05% and 2.33%, respectively. However, year-to-date, the stock has slightly outperformed the benchmark with a return of 12.23% versus 12.22%. Over the longer term, the stock has significantly underperformed the S&P 500 over the 1-year, 3-year, and 5-year periods. Overall, the current te...
Read MoreIs Alta Equipment Group, Inc. overvalued or undervalued?
2025-09-20 18:38:49As of 8 May 2024, the valuation grade for Alta Equipment Group, Inc. has moved from expensive to risky, indicating a deterioration in its perceived value. The company appears to be overvalued, particularly given its current Price to Book Value of 3.53 and an EV to EBITDA ratio of 7.83, which suggests that investors are paying a premium relative to its earnings potential. Additionally, the ROE stands at a concerning -115.00%, highlighting significant inefficiencies in generating returns for shareholders. In comparison to its peers, Alta Equipment Group's metrics are less favorable; for instance, CrossAmerica Partners LP has a P/E ratio of 8.77, while Hudson Technologies, Inc. boasts a fair valuation with a P/E of 24.38. Furthermore, over the past year, Alta Equipment Group has returned 11.89%, which lags behind the S&P 500's return of 17.14%, reinforcing the notion that the stock may not be a compelling inv...
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