During the last session, Altimmune Inc (NASDAQ:ALT)’s traded shares were 2.29 million, with the beta value of the company hitting 0.07. At the end of the trading day, the stock’s price was $6.76, reflecting an intraday loss of -8.15% or -$0.6. The 52-week high for the ALT share is $14.84, that puts it down -119.53 from that peak though still a striking 65.68% gain since the share price plummeted to a 52-week low of $2.32. The company’s market capitalization is $480.44M, and the average intraday trading volume over the past 10 days was 1.7 million shares, and the average trade volume was 2.19 million shares over the past three months.
Altimmune Inc (ALT) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.50. ALT has a Sell rating from 0 analyst(s) out of 6 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 6 recommend a Buy rating for it.
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Altimmune Inc (NASDAQ:ALT) trade information
Altimmune Inc (ALT) registered a -8.15% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -8.15% in intraday trading to $6.76, hitting a weekly high. The stock’s 5-day price performance is 0.60%, and it has moved by 7.47% in 30 days. Based on these gigs, the overall price performance for the year is 182.85%. The short interest in Altimmune Inc (NASDAQ:ALT) is 22.23 million shares and it means that shorts have 10.72 day(s) to cover.
The consensus price target of analysts on Wall Street is $25, which implies an increase of 72.96% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $12 and $35 respectively. As a result, ALT is trading at a discount of -417.75% off the target high and -77.51% 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 -4.38% during the last six months, with a year-to-date growth rate less than the industry average at 4.20% against 17.50.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 35.74%. While earnings are projected to return 16.61% in 2024.
ALT Dividends
Altimmune Inc is due to release its next quarterly earnings in November. 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 0.80% of total outstanding shares while institutional holders control 60.19%, with the float percentage being 60.67%. BLACKROCK INC. is the largest shareholder of the company, while 238.0 institutions own stock in it. As of 2024-06-30, the company held over 5.32 million shares (or 7.5155% of all shares), a total value of $35.39 million in shares.
The next largest institutional holding, with 4.91 million shares, is of VANGUARD GROUP INC’s that is approximately 6.9301% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $32.63 million.
