ASPS Stock Summary and Trading Ideas (Altisource Portfolio Solutions S.A. | NASDAQ:ASPS)

Altisource Portfolio Solutions SA is an integrated service provider and marketplace for the real estate and mortgage industries. It operates via two reportable segments namely Servicer and Real Estate and Origination. The Servicer and Real Estate segment provides loan servicers and real estate investors with solutions and technologies that span the mortgage and real estate lifecycle. The Origination segment provides originators with solutions and technologies that span the mortgage origination lifecycle. Altisource primarily serves financial institutions, government-sponsored enterprises, and originators in the United States, with the majority of revenue flowing from field services and mortgage and real estate solutions.

Altisource Portfolio Solutions S.A. trades on the NASDAQ stock market under the symbol ASPS.

As of April 17, 2024, ASPS stock price declined to $1.50 with 66,109 million shares trading.

ASPS has a beta of 1.55, meaning it tends to be more sensitive to market movements. ASPS has a correlation of 0.06 to the broad based SPY ETF.

ASPS has a market cap of $39.85 million. This is considered a Sub-Micro Cap stock.

Last quarter Altisource Portfolio Solutions S.A. reported $32 million in Revenue and -$.37 earnings per share. This fell short of revenue expectation by $-4 million and exceeded earnings estimates by $.05.

In the last 3 years, ASPS stock traded as high as $17.67 and as low as $1.38.

The top ETF exchange traded funds that ASPS belongs to (by Net Assets): VTI, VXF, DFAC.

ASPS has underperformed the market in the last year with a price return of -60.9% while the SPY ETF gained +23.0%. ASPS has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -41.2% and -19.4%, respectively, while the SPY returned +5.7% and -3.5%, respectively.

ASPS support price is $1.43 and resistance is $1.63 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ASPS stock will trade within this expected range on the day.