Why Did Alta Equipment Soar 24.38%? Earnings Improve, Dividend Announced

On April 4, 2025, Alta Equipment's stock surged by 24.38% in pre-market trading, marking a significant rise that has caught the attention of investors and analysts alike.

Alta Equipment Group Inc. has recently entered oversold territory, with its Relative Strength Index (RSI) falling below 30. This technical indicator suggests that the stock may be undervalued and could be poised for a rebound.

The company's earnings are projected to improve from a loss of $1.92 per share to a loss of $1.25 per share in the coming year. This positive trend in earnings expectations could be a driving factor behind the recent stock price increase.

Additionally, Alta Equipment Group has announced a preferred stock dividend, which may attract income-focused investors and contribute to the stock's upward momentum.