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


Altair Engineering Inc. - (ALTR)

Today's Latest Price: $60.00 USD

0.25 (0.42%)

Updated Jan 25 9:34am

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Overall POWR Rating


POWR Components:

 Trade Grade  Buy & Hold Grade  Peer Grade  Industry Rank


Industry Rank:

Ranked of 60 in Software - Business

See all "A" rated Strong Buy stocks

ALTR Stock Summary

  • ALTR's one year PEG ratio, measuring expected growth in earnings next year relative to current common stock price is 1,370.72 -- higher than 97.1% of US-listed equities with positive expected earnings growth.
  • Altair Engineering Inc's stock had its IPO on November 1, 2017, making it an older stock than just 10.12% of US equities in our set.
  • Price to trailing twelve month operating cash flow for ALTR is currently 152.99, higher than 96.49% of US stocks with positive operating cash flow.
  • If you're looking for stocks that are quantitatively similar to Altair Engineering Inc, a group of peers worth examining would be IDN, LQDT, APPN, CRNT, and PING.
  • Visit ALTR's SEC page to see the company's official filings. To visit the company's web site, go to www.altair.com.

ALTR Stock Price Chart Interactive Chart >

Price chart for ALTR

ALTR Price/Volume Stats

Current price $60.00 52-week high $63.14
Prev. close $61.58 52-week low $23.04
Day low $59.61 Volume 4,783
Day high $60.46 Avg. volume 292,329
50-day MA $55.93 Dividend yield N/A
200-day MA $43.34 Market Cap 4.42B

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:
$60.00$4.19 -93%

Below please find a table outlining a discounted cash flow forecast for ALTR, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that Altair Engineering Inc ranked in the 10th percentile in terms of potential gain offered. Our DCF analysis suggests the stock is overvalued by about 93%. In terms of the factors that were most noteworthy in this DCF analysis for ALTR, they are:

  • The business' balance sheet reveals debt to be 5% of the company's capital (with equity being the remaining amount). Approximately just 17.8% 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 56% over the past twelve months; relative to its sector (Technology), this tax rate is higher than 94.32% of stocks generating free cash flow.


Terminal Growth Rate in Free Cash FlowReturn Relative to Current Share Price
0%-93%
1%-93%
2%-93%
3%-93%
4%-93%
5%-93%

For other companies in the Technology that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as ALTR, try ON, WK, CASA, GWRE, and PLT.


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 Engineering Inc (ALTR) CEO James Ralph Scapa Sold $3.3 million of Shares

CEO of Altair Engineering Inc (30-Year Financial, Insider Trades) James Ralph Scapa (insider trades) sold 55,365 shares of ALTR on 01/19/2021 at an average price of $60.5 a share.

Yahoo Finance | January 20, 2021

Altair and Rolls-Royce Germany Join Forces to Converge Artificial Intelligence and Engineering

First-of-its-kind collaboration will drive transformative business value by reducing development time and costs, improving product performance and qualityTROY, Mich., Jan.

Yahoo | January 19, 2021

Global Automotive Engineering Services Outsourcing Market (2020 to 2026) - Players Include Alten, P3 Automotive and Altair Engineering Among Others - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Automotive Engineering Services Outsourcing Market Analysis 2020" report has been added to ResearchAndMarkets.com's offering. The Global Automotive Engineering Services Outsourcing market is expected to reach $324.78 billion by 2026 growing at a CAGR of 25.7% during 2019 to 2026. The automotive engineering is also known as automobile engineering, it's a combination of mechanical, electrical and material science. Automotive engineering services outsourcing co

Business Wire | January 18, 2021

Altair Engineering Inc. (NASDAQ:ALTR) Major Shareholder Sells $3,002,500.00 in Stock

Altair Engineering Inc. (NASDAQ:ALTR) major shareholder George J. Christ sold 50,000 shares of Altair Engineering stock in a transaction on Monday, January 11th. The shares were sold at an average price of $60.05, for a total transaction of $3,002,500.00. Following the completion of the sale, the insider now directly owns 50,000 shares in the company, […]

Watchlist News | January 13, 2021

IoT Solutions for Energy Market Next Big Thing | Major Giants IBM, Cisco Systems, Altair Engineering

Latest released the research study on Global IoT Solutions for Energy Market, offers a detailed overview of the factors influencing the global business scope. IoT Solutions for Energy Market research report shows the latest market insights, current situation analysis with

OpenPR | January 5, 2021

Read More 'ALTR' Stories Here

ALTR Price Returns

1-mo N/A
3-mo 31.06%
6-mo 48.29%
1-year 64.93%
3-year 128.40%
5-year N/A
YTD 3.13%
2020 62.02%
2019 30.20%
2018 15.30%
2017 N/A
2016 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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