Altair Engineering Inc. - (ALTR): Price and Financial Metrics


Altair Engineering Inc. - (ALTR)

Today's Latest Price: $36.29 USD

0.39 (1.09%)

Updated May 22 6:55pm

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Overall POWR Rating


POWR Components:

 Trade Grade  Buy & Hold Grade  Peer Grade  Industry Rank


Industry Rank:

Ranked of 47 in Software - Business

See all "A" rated Strong Buy stocks

ALTR Stock Summary

  • ALTR's went public 2.56 years ago, making it older than only 7.66% of listed US stocks we're tracking.
  • Price to trailing twelve month operating cash flow for ALTR is currently 77.51, higher than 96.74% of US stocks with positive operating cash flow.
  • With a year-over-year growth in debt of 338.55%, Altair Engineering Inc's debt growth rate surpasses 94.76% of about US stocks.
  • If you're looking for stocks that are quantitatively similar to Altair Engineering Inc, a group of peers worth examining would be IDN, APPS, HMI, MJCO, and LPTH.
  • ALTR's SEC filings can be seen here. And to visit Altair Engineering Inc's official web site, go to www.altair.com.
ALTR Daily Price Range
ALTR 52-Week Price Range

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ALTR Price/Volume Stats

Current price $36.29 52-week high $43.28
Prev. close $35.90 52-week low $23.04
Day low $35.77 Volume 178,900
Day high $36.54 Avg. volume 341,891
50-day MA $29.56 Dividend yield N/A
200-day MA $33.40 Market Cap 2.64B

Altair Engineering Inc. - (ALTR) Company Bio


Altair Engineering Inc., together with its subsidiaries, provides enterprise-class engineering software worldwide. Its integrated suite of multi-disciplinary computer aided engineering software optimizes design performance across various disciplines, including structures, motion, fluids, thermal management, electro-magnetics, system modeling and embedded systems, as well as provides data analytics and true-to-life visualization and rendering. The company also offers client engineering services to support customers with long-term ongoing product design and development services, as well as consulting, training, and support services. Altair Engineering Inc. was founded in 1985 and is based in Troy, Michigan.

ALTR Price Forecast Based on DCF Valuation

Current PriceDCF Fair Value Target:Forecasted Gain:
$36.29$42.1116%

We started the process of determining a valid price forecast for Altair Engineering Inc with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Altair Engineering Inc ranked in the 49th percentile in terms of potential gain offered. More precisely, our analysis suggests the stock is undervalued by approximately 16.5% on a DCF basis. As for the metrics that stood out in our discounted cash flow analysis of Altair Engineering Inc, consider:

  • The business' balance sheet reveals debt to be 7% of the company's capital (with equity being the remaining amount). Approximately merely 16.31% of US stocks with free cash flow have a lower reliance on debt in their capital structure.
  • As a business, Altair Engineering Inc experienced a tax rate of about 66% over the past twelve months; relative to its sector (Technology), this tax rate is higher than 93.05% of stocks generating free cash flow.


Terminal Growth Rate in Free Cash FlowReturn Relative to Current Share Price
0%14%
1%15%
2%16%
3%17%
4%18%
5%19%

CDK, MIXT, NTWK, FIVN, and PRFT can be thought of as valuation peers to ALTR, in the sense that they are in the Technology sector and have a similar price forecast based on DCF valuation.


ALTR Latest News Stream


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Latest ALTR News From Around the Web

Below are the latest news stories about Altair Engineering Inc that investors may wish to consider to help them evaluate ALTR as an investment opportunity.

Altair Accelerates Simulation-Driven Design in Latest Release of Altair Inspire™

TROY, Mich., April 21, 2020 -- Altair, (Nasdaq: ALTR) a global technology company providing solutions in product development, high-performance computing (HPC), and data.

Yahoo | April 21, 2020

Altair Announces Major Update to Panopticon Real-time Data Monitoring and Analysis

TROY, Mich., April 16, 2020 -- Altair, (Nasdaq: ALTR), a global technology company providing solutions in product development, high-performance computing (HPC), and data.

Yahoo | April 16, 2020

Is Altair Engineering Inc. (ALTR) A Good Stock To Buy?

Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]

Yahoo | April 8, 2020

Does Altair Engineering (NASDAQ:ALTR) Have A Healthy Balance Sheet?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Yahoo | April 4, 2020

Altair to Virtually Present at the Berenberg Design Software Conference

TROY, Mich., March 09, 2020 -- Altair (NASDAQ:ALTR), a global technology company providing solutions in product development, high-performance computing and data analytics,.

Yahoo | March 9, 2020

Read More 'ALTR' Stories Here

ALTR Price Returns

1-mo 20.36%
3-mo 4.28%
6-mo 7.62%
1-year -2.76%
3-year N/A
5-year N/A
YTD 1.06%
2019 30.20%
2018 15.30%
2017 N/A
2016 N/A
2015 N/A

Continue Researching ALTR

Here are a few links from around the web to help you further your research on Altair Engineering Inc's stock as an investment opportunity:

Altair Engineering Inc (ALTR) Stock Price | Nasdaq
Altair Engineering Inc (ALTR) Stock Quote, History and News - Yahoo Finance
Altair Engineering Inc (ALTR) Stock Price and Basic Information | MarketWatch


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