Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Altair Engineering Inc before investing.

In this article, we go over a few key elements for understanding Altair Engineering Inc’s stock price such as:

• Altair Engineering Inc’s current stock price and volume
• Why Altair Engineering Inc’s stock price changed recently
• Upgrades and downgrades for ALTR from analysts
• ALTR’s stock price momentum as measured by its relative strength

About Altair Engineering Inc (ALTR)

Before we jump into Altair Engineering Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Altair Engineering Inc. is a computational science and artificial intelligence company. The Company provides software and cloud solutions in simulation, high-performance computing (HPC), data analytics and artificial intelligence (AI). The Company operates through two segments: Software and Client Engineering Services. The Software segment includes software, software services, and software-related services. The software component of this segment includes its portfolio of software products, including its solvers and optimization technology products, HPC software applications and hardware products, modeling and visualization tools, data analytics and analysis products. The Client Engineering Services segment provides client engineering services to support its customers with long-term, ongoing expertise. The Company’s solution FlightStream, provides computational fluid dynamics (CFD) software with a footprint in the aerospace and defense sector.

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Altair Engineering Inc’s Stock Price as of Market Close

As of August 21, 2024, 4:00 PM, CST, Altair Engineering Inc’s stock price was $89.83.

Altair Engineering Inc is up 4.65% from its previous closing price of $85.84.

During the last market session, Altair Engineering Inc’s stock traded between $84.53 and $92.25. Currently, there are 83.61 million shares of Altair Engineering Inc stock available for purchase.

Altair Engineering Inc’s price-earnings (P/E) ratio is currently at 267.5, which is high compared to the IT Services & Consulting industry median of 27.9. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Altair Engineering Inc Stock Price History

Altair Engineering Inc’s (ALTR) price is currently up 1.66% so far this month.

During the month of August, Altair Engineering Inc’s stock price has reached a high of $92.25 and a low of $75.71.

Over the last year, Altair Engineering Inc has hit prices as high as $101.39 and as low as $57.59. Year to date, Altair Engineering Inc’s stock is up 97.56%.

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What Caused Altair Engineering Inc Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of August 20, 2024, there were 6 analysts who downgraded Altair Engineering Inc’s stock and 2 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Altair Engineering Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Altair Engineering Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Altair Engineering Inc’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Altair Engineering Inc (ALTR) by visiting AAII Stock Evaluator.

Relative Price Strength of Altair Engineering Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of August 20, 2024, Altair Engineering Inc has a weighted four-quarter relative price strength of 0.35%, which translates to a Momentum Score of 71 and is considered to be Strong.

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Altair Engineering Inc Stock Price: Bottom Line

As of August 21, 2024, Altair Engineering Inc’s stock price is $89.83, which is up 4.65% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Altair Engineering Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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