ALTG Stock Analysis: Buy, Sell, or Hold?
ALTG - Alta Equipment Group Inc.
$7.16
-0.36 (-4.79%)
▼
5d:
+0.56%
30d:
+42.06%
90d:
+29.24%
BUY
MODERATE Confidence
Analysis Updated: Jun 23, 2026 12:00 AM ET
Earnings: Aug 06, 2026
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Interactive Price Chart (1 Month)
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Bottom Line:
💡 BUY OPPORTUNITY: ALTG shows positive signals but monitor for confirmation. Market pricing in 0% annual growth which appears achievable. Moderate conviction.
💡 BUY OPPORTUNITY: ALTG shows positive signals but monitor for confirmation. Market pricing in 0% annual growth which appears achievable. Moderate conviction.
In-depth Analysis How we analyze
Valuation Analysis: ALTG is currently trading at $7.16, which is considered extended relative to its 30-day fair value range of $5.85 to $7.15. From a valuation perspective, the stock is trading at a discount (Forward PE: -13.1) 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 showing sideways momentum. Immediate support is located at $6.17, while resistance sits at $7.85. Short-term momentum is weak, with the stock down 4.8% recently.
Market Sentiment: ALTG has a strong technical setup (60/100), with favorable trendlines, momentum, and price action for short-term traders. Wall Street analysts see significant upside, with an average price target of $10.60 (+48.0%). Combining these factors, the current setup offers a favorable risk/reward ratio for buyers.
Technical Outlook: Technically, ALTG is showing sideways momentum. Immediate support is located at $6.17, while resistance sits at $7.85. Short-term momentum is weak, with the stock down 4.8% recently.
Market Sentiment: ALTG has a strong technical setup (60/100), with favorable trendlines, momentum, and price action for short-term traders. Wall Street analysts see significant upside, with an average price target of $10.60 (+48.0%). Combining these factors, the current setup offers a favorable risk/reward ratio for buyers.
Quick Decision Summary
Current Position
EXTENDED
Historical Trading Range
$5.85 -
$7.15
Company Quality Score
56/100
(HOLD)
Volume Confirmation
HIGH
Confidence Score
61.9%
All Signals
- BEARISH: Price extended above range
- BULLISH: Strong technical setup (60/100)
- BULLISH: High volume confirmation
- BEARISH: Downward momentum (-4.8%)
- BULLISH: Trading 48.0% below Wall St target ($10.60)
- BULLISH: Market expects only 0% annual growth - appears undervalued
Trading Range Analysis
30-Day Trading Range
$5.85 -
$7.15
Current vs Trading Range
EXTENDED
Support & Resistance Levels
Support Level
$6.17
Resistance Level
$7.85
Current Trend
Sideways
Technical data as of
Jun 23, 2026
Fundamental Context
Forward P/E (Next Year Est.)
-13.10
Wall Street Target
$10.60
(+48.0%)
Revenue Growth (YoY)
-3.0%
Earnings Growth (YoY)
45.4%
Profit Margin
-4.3%
PE vs Historical
-13.1 vs 15.2
CHEAP
Share & Embed Analysis
Last updated: June 24, 2026 3:07 AM ET
Data refreshes hourly during market hours. Next update: 4:07 AM
Data refreshes hourly during market hours. Next update: 4:07 AM
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Technical Signals Check
Is ALTG showing a specific setup today?
Insider Activity (6 Months)
7
Buys
2
Sells
+
Net
INSIDERS BUYING
Recent Transactions
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58162 shares
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BUY
18040 shares
2026-03-11
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