How to Buy Alta Equipment Group Stock
Alta Equipment Group Inc
Alta Equipment Group Inc. owns and operates integrated equipment dealership platforms in the United States. The company operates through two segments, Industrial Equipment and Construction Equipment.
Alta Equipment Group stock last closed at $7.68, up 0.52% from the previous day, and has decreased 29.15% in one year. It has underperformed other stocks in the Rental & Leasing Services industry by 0.24 percentage points. Alta Equipment Group stock is currently +42.22% from its 52-week low of $5.40, and -43.82% from its 52-week high of $13.67.
As of Dec 11, 2024, there are 33.26M ALTG shares outstanding. The market value of ALTG is $255.41M. In the past 24 hours, 212,766 ALTG shares were traded.
How to Buy Alta Equipment Group Stock
Not sure how to invest in Alta Equipment Group stock? Here's how.
- Figure out where to buy Alta Equipment Group stock: You need to choose an online brokerage, but don't worry - we've tested dozens of online stock brokerages and apps to help you figure out where to buy Alta Equipment Group stock.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Deposit funds into your investment account: Pick your method of payment and add your info.
- Evaluate Alta Equipment Group stock: The Alta Equipment Group ticker symbol is ALTG. Is Alta Equipment Group stock a good investment? Should you buy shares of ALTG? How do ALTG's underlying business fundamentals look? Do top analysts think Alta Equipment Group is a good buy? Why has ALTG's stock price moved recently? (Hint: Our stock market research website can help you figure out if ALTG is a good stock to buy).
- Make your ALTG buy order: Decide if you will purchase ALTG shares at the current market price or use a limit order to purchase ALTG stock at a particular price.
- Get key alerts regarding your ALTG position: Create a watchlist to get live updates on your position in Alta Equipment Group shares.
Step 1: Figure out where to buy Alta Equipment Group stock
You will need an online brokerage account in order to access the NYSE market and buy ALTG stock.
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Open eToro AccountStep 2: Create a brokerage account
Now that you've picked the right brokerage, it's time to fill out some personal info so you are able to buy ALTG today.
How to Create a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal info to open your new trading account.
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Step 3: Deposit funds into your investment account
Now that you have opened your account on mobile trading apps, your next step is to transfer the money for your investment:
Watch the walkthrough below to see the process of depositing funds into your brokerage account.
Step 4: Evaluate Alta Equipment Group stock
After you have figured out the best place to buy Alta Equipment Group stock, it's very important to research their stock before you invest, so you actually understand the risk as well as the opportunity.
Alta Equipment Group stock quick numbers
Alta Equipment Group Due Diligence Score
WallStreetZen was built to help everyday investors do more in-depth fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on ALTG's stock page.
How is ALTG stock valued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge ALTG's fair value.
Using relative valuations ratios:
- ALTG could be undervalued based on its P/B ratio of 2.67x, relative to Rental & Leasing Services industry P/B ratio of 2.8x
You can access additional valuation analysis on ALTG's stock here.
ALTG Financial Overview
Pros:
- There are more short-term assets than short-term liabilities on the ALTG balance sheet.
Cons:
- ALTG earnings of $25.80M is not enough to cover its interest payments.
- ALTG's operating cash flow of $105.30M allows it to safely service it's debt of $1.23B.
- Total ALTG debt is higher than 5 years ago, relative to shareholder equity.
- ALTG has a relatively high debt to equity ratio of 15.19.
- There are more long-term liabilities than short-term assets on the ALTG balance sheet.
- ALTG profit margin has gone down from 0.4% to -2.8% in the past year.
Is it a good time to buy Alta Equipment Group stock, according to Wall Street analysts?
Out of 3 Wall Street analysts who track ALTG, the consensus analyst rating on Alta Equipment Group is a Buy
Please note that analyst forecasts are not stock recommendations, nor are they financial advice.
You can dive deeper into what analysts are saying on the Alta Equipment Group stock forecast page.
ALTG Technical Indicators
ALTG Revenue
Last year, ALTG revenue was $2.03B. Over the last five year, ALTG's revenue has grown by 18.33% per year. This was faster than the Rental & Leasing Services industry average of 11.66%.
Learn more about ALTG's earnings and revenue performance here.
Latest Insiders Trades at ALTG
Over the past 12 months, insiders at ALTG have sold more shares than they have bought.
Voss Capital LP, 10% Owner of ALTG, was the latest ALTG insider to sell. They sold $71,349.79 worth of ALTG stock on Oct 2, 2024.
Research more about who owns ALTG shares here.
Does ALTG provide a stable income stream?
Alta Equipment Group pays a dividend of 2.97%, compared to the Rental & Leasing Services industry's average dividend yield of 1.93%. If you owned $1,000 of ALTG stock, you would have been paid $29.69 in the past year.
Get more data about Alta Equipment Group dividend yield and history here.
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Step 5: Make your ALTG buy order
You have two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are generally fine for most investors. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a particular price limit, use a limit order.
Click the Open Trade button and your broker will place your order.
If you require additional info about buying stocks on eToro, watch the helpful video below:
Step 6: Get key alerts regarding your ALTG position
Now that you own some ALTG shares, you'll want to stay up-to-date on your investment.
Start a watchlist to keep tabs on your ALTG stock.
ALTG Feed
How to Buy Stock in Alta Equipment Group
To summarize, here are the 6 steps to buy stock in Alta Equipment Group:
- Figure out where to buy Alta Equipment Group stock
- Create a brokerage account
- Deposit funds into your investment account
- Evaluate Alta Equipment Group stock
- Make your ALTG buy order
- Get key alerts regarding your ALTG position
If you are looking for a online brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to keep track of your new investment in Alta Equipment Group, create your watchlist below.
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