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 $11.69, up 2.19% from the previous day, and has decreased 15.17% in one year. It has underperformed other stocks in the Rental & Leasing Services industry by 0.5 percentage points. Alta Equipment Group stock is currently +33.45% from its 52-week low of $8.76, and -34.98% from its 52-week high of $17.98.
At the moment, there are 32.37M ALTG shares outstanding. The market value of ALTG is $378.38M. In the past 24 hours, 152,840 ALTG shares were traded.
How to Buy Alta Equipment Group Stock
Wondering how to invest in Alta Equipment Group stock? Here's how.
- Figure out where to buy Alta Equipment Group stock: You need to decide on an online brokerage, but don't worry - we've tried dozens of 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 identified.
- 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 tools can help you decide 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 shares at a given price.
- Get key alerts regarding your ALTG position: Create a watchlist to key updates about your investment in Alta Equipment Group shares.
Step 1: Figure out where to buy Alta Equipment Group stock
You will need an online brokerage account to access the NYSE market and buy ALTG shares.
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Open eToro AccountStep 2: Create a brokerage account
Now that you've selected your brokerage, you need to fill out some personal info so you can buy ALTG today.
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Step 3: Deposit funds into your investment account
Now that you have created your account on app for stock market, you can securely and quickly fund your account:
Check out the walkthrough below to see the process of transferring money into your new investment account.
Step 4: Evaluate Alta Equipment Group stock
Once you have figured out the best place to buy Alta Equipment Group stock, it's very important to research their stock prior to buying, so you can comprehend the risk as well as the opportunity.
Alta Equipment Group shares data
Alta Equipment Group Due Diligence Checks
WallStreetZen was designed to help everyday investors do better fundamental analysis.
You can see all of the due diligence checks on ALTG's stock page.
Is ALTG stock overvalued?
You can use many financial metrics, analyses, models, and charts to gauge ALTG's intrinsic value.
Using relative valuations ratios:
- ALTG could be overvalued based on its P/E ratio of 64.94x, relative to Rental & Leasing Services industry P/E ratio of 15.67x
- ALTG could be overvalued based on its P/B ratio of 2.53x, relative to Rental & Leasing Services industry P/B ratio of 2.31x
You can access additional valuation research on ALTG's stock here.
A quick look at ALTG Financials
Pros:
- Total ALTG debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than short-term liabilities on the ALTG balance sheet.
- There are more short-term assets than long-term liabilities on the ALTG balance sheet.
- ALTG has cash burn of 10300000. It has enough cash and short-term investments to cover this for at least one year.
- ALTG has $31.00M in cash and short term investments. This is enough to cover its annual cash burn of $10.30M.
Cons:
- ALTG has a relatively high debt to equity ratio of 9.49.
- ALTG profit margin has gone down from 0.4% to 0.3% in the past year.
Is it a good time to buy ALTG stock, according to analysts?
Out of 2 Equities analysts who research ALTG, the consensus analyst rating on ALTG is a Strong Buy
Please note that analyst ratings are not recommendations, nor are they financial advice.
You can dig deeper into what analysts are forecasting on the Alta Equipment Group stock forecast page.
Metrics for Advanced ALTG Traders
ALTG Growth Numbers
Last year, ALTG earnings were $5.90M. Over the past 1 years, ALTG's earnings have grown by -10% per year. This was slower than the Rental & Leasing Services industry average of 25.22%.
Last year, ALTG revenue was $2.01B. During the last five year, ALTG's revenue has grown by 34.69% per year. This was faster than the Rental & Leasing Services industry average of 12.49%.
Dive into ALTG's earnings and revenue performance here.
Latest Insiders Trades at ALTG
In the last 12 months, executives and large shareholders at ALTG have sold more shares than they have bought.
Craig Brubaker, Chief Operating Officer of ALTG, was the latest ALTG insider to sell. They sold $87,179.07 worth of ALTG shares on Feb 29, 2024.
Get more info about who owns ALTG shares here.
Does ALTG provide a stable income stream?
Alta Equipment Group pays a dividend of 1.95%, compared to the Rental & Leasing Services industry's average dividend yield of 2.53%. If you owned $1,000 of ALTG stock, you would have been paid $19.50 in the past 12 months.
Get more analysis about Alta Equipment Group dividend yield and history here.
What others are saying about ALTG
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Step 5: Make your ALTG buy order
You have two main options:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are generally sufficient. - 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 given price, use a limit order.
Hit the Open button and your broker will place the order.
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Step 6: Get key alerts regarding your ALTG position
Now that you own some ALTG stock, you'll want to keep up with your new company.
Add ALTG to a watchlist to get notified of the latest news about your ALTG stock.
ALTG Feed
How to Buy Stock in Alta Equipment Group
To summarize, here are the 6 steps for buying Alta Equipment Group stock:
- 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 need a brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you want to watch your investment in Alta Equipment Group, add ALTG to your watchlist by clicking the button below.
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