Altimmune Inc. (NASDAQ:ALT)’s traded shares stood at 2.34 million during the last session, with the company’s beta value hitting 0.05. At the close of trading, the stock’s price was $11.01, to imply an increase of 0.46% or $0.05 in intraday trading. The ALT share’s 52-week high remains $23.49, putting it -113.35% down since that peak but still an impressive 65.21% since price per share fell to its 52-week low of $3.83. The company has a valuation of $594.87M, with an average of 1.27 million shares in intraday trading volume over the past 10 days and average of 1.40 million shares over the past 3 months.
Analysts have given a consensus recommendation of a Buy for Altimmune Inc. (ALT), translating to a mean rating of 1.70. Of 8 analyst(s) looking at the stock, 0 analyst(s) give ALT a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 8 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -$0.52.
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Altimmune Inc. (NASDAQ:ALT) trade information
After registering a 0.46% upside in the last session, Altimmune Inc. (ALT) has traded red over the past five days. The stock hit a weekly high of 11.65 this Friday, 03/17/23, jumping 0.46% in its intraday price action. The 5-day price performance for the stock is 6.17%, and -8.17% over 30 days. With these gigs, the year-to-date price performance is -33.07%. Short interest in Altimmune Inc. (NASDAQ:ALT) saw shorts transact 7.32 million shares and set a 3.86 days time to cover.
Analysts on Wall Street suggest a consensus price target of $29.38, implying an increase of 62.53% to the stock’s current value. The extremes give us $20.00 and $50.00 for target low and target high price respectively. As such, ALT has been trading -354.13% off suggested target high and -81.65% from its likely low.
Altimmune Inc. (ALT) estimates and forecasts
Looking at statistics comparing Altimmune Inc. share performance against respective industry, we note that the company has underperformed competitors. Altimmune Inc. (ALT) shares are -23.49% down over the last 6 months, with its year-to-date growth rate lower than industry average at -7.18% against 10.80%. Revenue is forecast to grow 8.80% this quarter before falling -22.70% for the next one. The rating firms project that company’s revenue will shrink -99.80% compared to the previous financial year.
Revenue forecast for the current quarter as set by 7 analysts is $30k. Earnings reports from the last fiscal year show that sales brought in $3.28 million and $32k respectively in the corresponding quarters.
Altimmune Inc. has its next earnings report out between May 10 and May 15. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Altimmune Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
Altimmune Inc. (NASDAQ:ALT)’s Major holders
Altimmune Inc. insiders hold 0.73% of total outstanding shares, with institutional holders owning 100.28% of the shares at 101.02% float percentage. In total, 100.28% institutions holds shares in the company, led by Janus Henderson Group PLC. As of Sep 29, 2022, the company held over 4.12 million shares (or 8.38% of shares), all amounting to roughly $52.64 million.
The next major institution holding the largest number of shares is Cormorant Asset Management, LP with 3.44 million shares, or about 7.00% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $43.97 million.
We also have SPDR (R) Ser Tr-SPDR (R) S&P (R) Biotech ETF and College Retirement Equities Fund-Stock Account as the top two Mutual Funds with the largest holdings of the Altimmune Inc. (ALT) shares. Going by data provided on Dec 30, 2022, SPDR (R) Ser Tr-SPDR (R) S&P (R) Biotech ETF holds roughly 5.73 million shares. This is just over 11.67% of the total shares, with a market valuation of $94.33 million. Data from the same date shows that the other fund manager holds a little less at 1.91 million, or 3.89% of the shares, all valued at about 24.45 million.