Alta Equipment Group (ALTG) Stock: Buy, Sell, or Hold?
ALTG - Alta Equipment Group Inc.
$6.22
-0.14 (-2.20%)
âŧ
5d:
+4.71%
30d:
+6.87%
90d:
-2.51%
WAIT
LOW Confidence
Analysis Updated: Oct 23, 2026 12:00 AM ET
Earnings: Nov 05, 2026
11d
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Interactive Price Chart (1 Month)
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Bottom Line:
âšī¸ NEUTRAL: ALTG is fairly priced but lacks strong directional signals. At 0% expected growth, valuation appears cheap. Wait for clearer setup or better entry on dips.
âšī¸ NEUTRAL: ALTG is fairly priced but lacks strong directional signals. At 0% expected growth, valuation appears cheap. Wait for clearer setup or better entry on dips.
In-depth Analysis How we analyze
Valuation Analysis: ALTG is currently trading at $6.22, which is considered fair relative to its 30-day fair value range of $5.93 to $6.41. From a valuation perspective, the stock is trading at a discount (Forward PE: -10.1) compared to its historical average (15.2). At these levels, the market is pricing in 0% annual earnings growth. This growth rate appears achievable given the company's track record, suggesting the valuation is rational.
Technical Outlook: Technically, ALTG is in a downtrend. Immediate support is located at $5.84, while resistance sits at $6.62.
Market Sentiment: ALTG scores 70/100 on our bottoming-setup gauge — the chart has corrected and is stabilizing (RSI reset, momentum turning up), historically a favorable entry zone. Wall Street analysts see significant upside, with an average price target of $9.82 (+57.9%). Current signals suggest waiting for a better entry point before initiating new positions.
Technical Outlook: Technically, ALTG is in a downtrend. Immediate support is located at $5.84, while resistance sits at $6.62.
Market Sentiment: ALTG scores 70/100 on our bottoming-setup gauge — the chart has corrected and is stabilizing (RSI reset, momentum turning up), historically a favorable entry zone. Wall Street analysts see significant upside, with an average price target of $9.82 (+57.9%). Current signals suggest waiting for a better entry point before initiating new positions.
Quick Decision Summary
Current Position
FAIR
Historical Trading Range
$5.93 -
$6.41
Company Quality Score
51/100
(HOLD)
Volume Confirmation
HIGH
Confidence Score
88.1%
All Signals
- NEUTRAL: Price in fair range
- BULLISH: Strong technical setup (70/100)
- BULLISH: High volume confirmation
- BULLISH: Trading 57.9% below Wall St target ($9.82)
- BULLISH: Market expects only 0% annual growth - appears undervalued
- WARNING: Composite score 51/100 in the bottom quintile â this cohort historically lags the market
Trading Range Analysis
30-Day Trading Range
$5.93 -
$6.41
Current vs Trading Range
FAIR
Support & Resistance Levels
Support Level
$5.85
Resistance Level
$6.62
Current Trend
Downtrend
Technical data as of
Oct 23, 2026
Fundamental Context
Forward P/E (Next Year Est.)
-10.07
Wall Street Target
$9.82
(+57.9%)
Revenue Growth (YoY)
-1.2%
Earnings Growth (YoY)
45.4%
Profit Margin
-4.4%
PE vs Historical
-10.1 vs 15.2
CHEAP
Share & Embed Analysis
Last updated: October 23, 2026 7:31 PM ET
Data refreshes hourly during market hours. Next update: 8:31 PM
Data refreshes hourly during market hours. Next update: 8:31 PM
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Technical Signals Check
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Insider Activity (6 Months)
0
Buys
0
Sells
0
Net
NEUTRAL
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