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A Stock You Ought To Watch Is Altimmune Inc. (NASDAQ: ALT)

During the last session, Altimmune Inc. (NASDAQ:ALT)’s traded shares were 1.3 million, with the beta value of the company hitting -0.05. At the end of the trading day, the stock’s price was $4.21, reflecting an intraday loss of -1.86% or -$0.08. The 52-week high for the ALT share is $23.49, that puts it down -457.96 from that peak though still a striking 9.26% gain since the share price plummeted to a 52-week low of $3.82. The company’s market capitalization is $205.70M, and the average intraday trading volume over the past 10 days was 1.45 million shares, and the average trade volume was 2.13 million shares over the past three months.

Altimmune Inc. (ALT) received a consensus recommendation of a Buy from analysts. That translates to a mean rating of 1.90. ALT has a Sell rating from 0 analyst(s) out of 8 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 7 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.46.

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Altimmune Inc. (NASDAQ:ALT) trade information

Altimmune Inc. (ALT) registered a -1.86% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -1.86% in intraday trading to $4.21 this Thursday, 05/25/23, hitting a weekly high. The stock’s 5-day price performance is -5.39%, and it has moved by -19.35% in 30 days. Based on these gigs, the overall price performance for the year is -10.81%. The short interest in Altimmune Inc. (NASDAQ:ALT) is 9.04 million shares and it means that shorts have 4.38 day(s) to cover.

The consensus price target of analysts on Wall Street is $25.13, which implies an increase of 83.25% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $6.00 and $50.00 respectively. As a result, ALT is trading at a discount of -1087.65% off the target high and -42.52% off the low.

Altimmune Inc. (ALT) estimates and forecasts

Statistics show that Altimmune Inc. has underperformed its competitors in share price, compared to the industry in which it operates. Altimmune Inc. (ALT) shares have gone down -54.78% during the last six months, with a year-to-date growth rate less than the industry average at 2.21% against 13.90. Yet analysts are ramping up their growth forecast for the fiscal year 2023. Revenue is predicted to shrink -9.50% this quarter and then drop -4.20% in the quarter after that.

As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $8k and $2k respectively.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 56.60%. While earnings are projected to return 23.20% in 2023.

ALT Dividends

Altimmune Inc. is due to release its next quarterly earnings between May 10 and May 15. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Altimmune Inc. (NASDAQ:ALT)’s Major holders

Altimmune Inc. insiders own 0.83% of total outstanding shares while institutional holders control 92.85%, with the float percentage being 93.63%. State Street Corporation is the largest shareholder of the company, while 177 institutions own stock in it. As of Mar 30, 2023, the company held over 4.96 million shares (or 10.06% of all shares), a total value of $20.93 million in shares.

The next largest institutional holding, with 3.5 million shares, is of Laurion Capital Management, LP’s that is approximately 7.10% of outstanding shares. At the market price on Mar 30, 2023, these shares were valued at $14.78 million.

Also, the Mutual Funds coming in first place with the largest holdings of Altimmune Inc. (ALT) shares are SPDR (R) Ser Tr-SPDR (R) S&P (R) Biotech ETF and College Retirement Equities Fund-Stock Account. Data provided on Feb 27, 2023 indicates that SPDR (R) Ser Tr-SPDR (R) S&P (R) Biotech ETF owns about 5.08 million shares. This amounts to just over 10.32 percent of the company’s overall shares, with a $64.01 million market value. The same data shows that the other fund manager holds slightly less at 1.98 million, or about 4.02% of the stock, which is worth about $32.63 million.

On Key

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