Altaba trades as part of the asset management industry and trades as part of the financial services sector. The company CEO is Thomas J. Mcinerney. Altaba Inc is an independent, non-diversified, closed-end management investment company. The Fund’s objective is to seek to increase the price per share at which it trades relative to then-current values of its principal underlying assets, and others.



Previous Intraday Performance:

The AABA shares had a previous change of -0.51% which opened at 62.67 and closed at 61.91. It moved to an intraday high of 63.23 and a low of 61.73.

SeekingAlpha:  Tracking David Tepper’s Appaloosa Management Portfolio – Q1 2019 Update

Historical Performance:

Over the last five trading days, AABA shares returned -3.91% and in the past 30 trading days it returned -19.26%. Over three months, it changed -10.79%. In one year it has changed -19.62% and within that year its 52 week high was 82.45 and its 52 week low was 54.75. AABA stock is 13.08% above its 52 week low.

Our calculations result in a 200 day moving average of 67.36 and a 50 day moving average of 72.97. Right now, AABA stock is trading -8.10% below its 200 day moving average and may not be a great opportunity to buy as it may continue to trend down.

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Liquidity:

The company has a market cap of $32.2b with 519.5m shares outstanding and a float of 502.9m shares. Trading volume was 5,381,550 shares and has experienced an average volume of 6,074,131 shares. Our calculation, using the current average volume and close price, leads me to believe that the liquidity is good.

Earnings:

The last annual reported EPS for Altaba was -10.7 which ended on 31st of December 2018.

Below was the last reported semi-annual diluted earnings per share:

Dec 2018 -19.31
Jun 2018 2.64
Dec 2017 22.53
Dec 2016 0.34
Jun 2016 -0.57

Base on our calculations, the intrinsic value per share is 37.77, which means it might be overvalued by -63.92%.

The growth of the EPS is critical in understanding the current valuation of Altaba.



Indicators Also to Watch:

Based on the latest filings, there is 81.50% of institutional ownership.

The beta was calculated to be 1.83.

Fundamental Numbers:

Based on last reported financials, the company’s return on assets is -14.40%, price-to-sales is -3.59 and price-to-book is 0.67.

Company Score Card:

Results are out of six:
 2  : Growth Expectations Result
 4  : Financial Safety Result
 0  : Past Performance Result
 1  : Valuation Result
 0  : Dividend Safety Result
 1  : Overall Result

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Jake McWilliams
I am an independent trader, analyst and algorithmic trading expert, having worked both for the sell side (brokerage) and the buy side (fund administration). I have been trading professionally for about 20 years. I trade stocks and forex and I play both long and short positions in underlying asset or through options. I have experience with discretionary and fully automated systems (Metatrader and Quantshare).

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