(ALTG) Alta Equipment - Ratings and Ratios

Alta Equipment Group Inc. (NYSE:ALTG) is a leading provider of integrated equipment solutions in the United States, operating through three core segments: Material Handling, Construction Equipment, and Master Distribution. The company manages an extensive network of branches that specialize in the sale, rental, and aftermarket support of industrial and construction equipment. This includes lift trucks, heavy and compact earthmoving machinery, crushing and screening systems, environmental processing equipment, cranes, aerial work platforms, and paving equipment. Additionally, the company offers repair and maintenance services, warehouse design and construction, automated system integration, and distribution of environmental processing equipment. Its customer base spans multiple industries, such as manufacturing, food and beverage, automotive, municipal and government, education, pharmaceuticals, wholesale and retail, construction, agriculture, road building, mining, recycling, and waste management. Founded in 1984 and headquartered in Livonia, Michigan, Alta Equipment Group has established itself as a key player in the equipment distribution and service sector.

Based on the provided and , here is a 3-month forecast: - Price Movement: The stock is currently trading below its 20-day, 50-day, and 200-day moving averages (SMA 20: 6.71, SMA 50: 6.79, SMA 200: 7.31), indicating bearish momentum. Support levels may form near $5.00, while resistance could emerge at $6.50. - Volatility: Average True Range (ATR) of 0.36 suggests moderate price fluctuations. - Valuation: With a forward P/E of 222.22 and a P/S ratio of 0.10, the market expects significant earnings growth despite current challenges. The P/B ratio of 1.88 indicates equity valuation aligned with book value. - Volume: Average 20-day volume of 171,893 shares suggests moderate liquidity, which could impact price stability. - Fundamental Outlook: Negative Return on Equity (RoE: -55.80) raises concerns about profitability, but the company’s diversified revenue streams and market position may support recovery. - Market Sentiment: The stock’s low price ($5.20) and high forward P/E ratio suggest investor expectations for a turnaround, though near-term risks remain elevated.