AlTi Global Inc (NASDAQ:ALTI)’s traded shares stood at 0.34 million during the last session, with the company’s beta value hitting 0.62. At the close of trading, the stock’s price was $4.25, to imply an increase of 3.91% or $0.16 in intraday trading. The ALTI share’s 52-week high remains $9.22, putting it -116.94% down since that peak but still an impressive 16.71% since price per share fell to its 52-week low of $3.54. The company has a valuation of $304.89M, with an average of 0.17 million shares in intraday trading volume over the past 10 days and average of 171.96K shares over the past 3 months.
Analysts have given a consensus recommendation of Strong Buy for AlTi Global Inc (ALTI), translating to a mean rating of 1.00. Of 1 analyst(s) looking at the stock, 0 analyst(s) give ALTI a Sell rating. 1 of those analysts rate the stock as Overweight while 0 advise Hold as 0 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 0.01.
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AlTi Global Inc (NASDAQ:ALTI) trade information
After registering a 3.91% upside in the last session, AlTi Global Inc (ALTI) has traded red over the past five days. The 5-day price performance for the stock is 19.38%, and 8.70% over 30 days. With these gigs, the year-to-date price performance is -51.48%. Short interest in AlTi Global Inc (NASDAQ:ALTI) saw shorts transact 0.84 million shares and set a 6.06 days time to cover.
The extremes give us $9 and $9 for target low and target high price respectively. As such, ALTI has been trading -111.76% off suggested target high and -111.76% from its likely low.
AlTi Global Inc (ALTI) estimates and forecasts
Looking at statistics comparing AlTi Global Inc share performance against respective industry, we note that the company has outperformed competitors. AlTi Global Inc (ALTI) shares are -33.18% down over the last 6 months, with its year-to-date growth rate higher than industry average at 138.46% against 8.70%. Revenue is forecast to grow 108.30% this quarter before jumping 300.00% for the next one. The rating firms project that company’s revenue will shrink -8.80% compared to the previous financial year.
Revenue forecast for the current quarter as set by 1 analysts is 55.6M. Meanwhile, for the current quarter, a total of 1 analyst(s) estimate revenue growth to 70.6M.Earnings reports from the last fiscal year show that sales brought in 49.24M and 91.71M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 12.90% before dropping -23.00% in the following quarter.
ALTI Dividends
AlTi Global Inc has its next earnings report out on 2024-Nov-12. 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.
AlTi Global Inc (NASDAQ:ALTI)’s Major holders
AlTi Global Inc insiders hold 63.45% of total outstanding shares, with institutional holders owning 7.95% of the shares at 21.74% float percentage. In total, 7.95% institutions holds shares in the company.
We also have Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF as the top two Mutual Funds with the largest holdings of the AlTi Global Inc (ALTI) shares. Going by data provided on Jun 30, 2024 , Vanguard Total Stock Market Index Fund holds roughly 997.3 shares. This is just over 1.09% of the total shares, with a market valuation of $4.24 million. Data from the same date shows that the other fund manager holds a little less at 843.15, or 0.92% of the shares, all valued at about 3.58 million.
