How to Buy Altair Engineering Stock
Altair Engineering Inc
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 stock last closed at $80.56, down 0.71% from the previous day, and has increased 14.56% in one year. It has overperformed other stocks in the Software - Infrastructure industry by 0.03 percentage points. Altair Engineering stock is currently +39.89% from its 52-week low of $57.59, and -13.3% from its 52-week high of $92.92.
At the moment, there are 82.49M shares of ALTR outstanding. The market capitalization of ALTR is $6.65B. In the last 24 hours, 201,754 ALTR shares were traded.
How to Buy Altair Engineering Stock
Not sure how to invest in Altair Engineering stock? Here's how.
- Figure out where to buy Altair Engineering stock: You need to choose an online brokerage, but don't worry - we've tested dozens of online brokerages and apps to help you choose where to buy Altair Engineering stock.
- Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Deposit money your investment account: Choose your method of payment and add your info.
- Evaluate Altair Engineering stock: The Altair Engineering ticker symbol is ALTR. Is Altair Engineering stock a good investment? Should you buy shares of ALTR? How do ALTR's underlying business fundamentals look? Do top analysts think Altair Engineering is a good buy? Why has ALTR's stock price moved recently? (Hint: Our stock research website can help you understand if ALTR is a good stock to buy).
- Place your ALTR buy order: Decide if you will purchase ALTR shares at the current market price or use a limit order to purchase ALTR shares at a specific price.
- Keep an eye on your ALTR investment: Create a watchlist to keep tabs on your position in Altair Engineering shares.
Step 1: Figure out where to buy Altair Engineering stock
You will need a brokerage account to access the NASDAQ market and buy ALTR shares.
Our preferred brokerage: eToro
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Open eToro AccountStep 2: Open your brokerage account
Now that you've picked the right brokerage, you'll need to fill out some personal info so you are able to buy ALTR stock today.
How to Set Up a New Brokerage 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.
- Input your personal info to open your new trading account.
- Send your data by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit money your investment account
Now that you've created your account on app for investing, you need to deposit funds:
Check out the walkthrough below to see the process of transferring money into your brokerage account.
Step 4: Evaluate Altair Engineering stock
After you have decided on the best place to buy Altair Engineering stock, it's important to evaluate their stock prior to investing, so you can wrap your head around the risk and upside.
Altair Engineering stock quick numbers
Fundamentals of Altair Engineering
WallStreetZen was created to help everyday investors do more accurate fundamental analysis quickly.
You can view all of the due diligence checks on ALTR's stock page.
Is ALTR stock undervalued?
You can use many financial metrics, analyses, models, and charts to gauge ALTR's intrinsic value.
Using relative valuations ratios:
- ALTR could be undervalued based on its P/B ratio of 9.34x, relative to Software - Infrastructure industry P/B ratio of 11.81x
You can do more valuation research on ALTR's stock here.
ALTR Financials at a glance
Signs that ALTR is financially healthy:
- ALTR profit margin has gone up from -7.6% to -1.5% in the past year.
- There are more short-term assets than short-term liabilities on the ALTR balance sheet.
- There are more short-term assets than long-term liabilities on the ALTR balance sheet.
- ALTR's operating cash flow of $127.31M allows it to safely service it's debt of $338.83M.
Signs that ALTR is not financially healthy:
- Total ALTR debt is higher than 5 years ago, relative to shareholder equity.
- ALTR has a relatively high debt to equity ratio of 0.92.
- ALTR earnings of $18.74M is not enough to cover its interest payments.
Do analysts think it's a good time to buy Altair Engineering stock
Out of 5 Wall Street analysts who give forecasts on ALTR, the consensus analyst rating on Altair Engineering is a Buy
Please keep in mind that analyst forecasts are not recommendations, nor are they financial advice.
You can dive deeper into what analysts are projecting on the Altair Engineering stock forecast page.
Metrics for Advanced ALTR Traders
ALTR Revenue
Last year, ALTR revenue was $612.70M. In the last 5 year, ALTR's revenue has increased by 9.1% per year. This was slower than the Software - Infrastructure industry average of 16.98%.
You can research ALTR's earnings and revenue performance here.
Who is buying/selling ALTR?
Over the last 12 months, executives and large shareholders at ALTR have sold more shares than they have bought.
George J. Christ, 10% Owner of ALTR, was the latest ALTR insider to sell. They sold $55,233.57 worth of ALTR shares on Apr 9, 2024.
Dig into more about who owns ALTR shares here.
Can I get consistent income from ALTR stock?
No, Altair Engineering doesn't provide an income stream by paying out dividends.
What others are saying about ALTR
One of the primary reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other community members have to say.
Step 5: Place your ALTR buy order
There are two primary order types:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are usually fine. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at a particular dollar amount limit, place a limit order.
Click the Open Trade button and eToro will execute your order.
If you want more assistance investing in stocks on eToro, watch the how to video below:
Step 6: Keep an eye on your ALTR investment
Now that you own some ALTR stock, you'll want to stay up-to-date on your company.
Start a watchlist to track the latest developments regarding your ALTR stock.
ALTR Feed
How to Buy Stock in Altair Engineering
To reiterate, here are the 6 steps to buy Altair Engineering stock:
- Figure out where to buy Altair Engineering stock
- Open your brokerage account
- Deposit money your investment account
- Evaluate Altair Engineering stock
- Place your ALTR buy order
- Keep an eye on your ALTR investment
If you need a place to buy stocks, eToro is our recommended option.
Get Started with eToro TodayIf you would like to get the latest news on your investment in Altair Engineering, get started below.
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