In the last trading session, 1,537,008 shares of the Aileron Therapeutics, Inc.(NASDAQ:ALRN) were traded, and its beta was 2.87. Most recently the company’s share price was $1.84, and it changed around $0.03 or 0.02% from the last close, which brings the market valuation of the company to $153.84 Million. ALRN currently trades at a discount to its 52-week high of $2.47, offering almost -34.24% off that amount. The share price’s 52-week low was $0.25, which indicates that the current value has risen by an impressive 86.41% since then. We note from Aileron Therapeutics, Inc.’s average daily trading volume that its 10-day average is 3.25 Million shares, with the 3-month average coming to 4.09 Million.
Aileron Therapeutics, Inc. stock received a consensus recommendation rating of Buy, based on a mean score of 1.5. If we narrow it down even further, the data shows that none out of 4 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, no body recommended ALRN as a Hold, whereas 4 deemed it a Buy, and no one rated it as Underweight. Aileron Therapeutics, Inc. is expected to report earnings per share of -$0.12 for the current quarter.
Aileron Therapeutics, Inc. (NASDAQ:ALRN): Trading Information
Instantly ALRN has showed a green trend with a performance of 1.66% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of $2.13 on Tuesday, Feb 16 increased the stock’s daily price by 13.62%. The company’s shares are currently up 0.77% year-to-date, but still down -0.0707 over the last five days. On the other hand, Aileron Therapeutics, Inc. (NASDAQ:ALRN) is -0.06% down in the 30-day period. We can see from the shorts that 1.27 Million shares have been sold at a short interest cover period of 0.31 day(s).
The consensus price target as assigned by Wall Street analysts is $4, which translates to bears needing to increase their stock price by 117.39% from its current value. Analyst projections state that ALRN is forecast to be at a low of $2 and a high of $5. In order for the stock price to hit the forecast high, the stock would need to surge +171.74% from its current level, while the stock would need to crash 8.7% from its current level to reach the projected low.
Aileron Therapeutics, Inc. (ALRN) projections and forecasts
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -1.8%. Aileron Therapeutics, Inc. earnings are expected to increase by 44.1% in 2021, but the outlook is positive 2.1% per year for the next five years.
Aileron Therapeutics, Inc. (NASDAQ:ALRN)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 31.56% of Aileron Therapeutics, Inc. shares, and 14.43% of them are in the hands of institutional investors. The stock currently has a share float of 21.08%. Aileron Therapeutics, Inc. stock is held by 33 institutions, with Renaissance Technologies, LLC being the largest institutional investor. By Dec 30, 2020, it held 0.76% of the shares, which is about 634.38 Thousand shares worth $659.76 Thousand.
Blair (William) & Company, L.L.C., with 0.32% or 267.99 Thousand shares worth $278.71 Thousand as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
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