Altimmune Inc (NASDAQ:ALT)’s traded shares stood at 10.04 million during the last session, with the company’s beta value hitting 0.16. At the close of trading, the stock’s price was $9.52, to imply an increase of 0.32% or $0.03 in intraday trading. The ALT share’s 52-week high remains $14.84, putting it -55.88% down since that peak but still an impressive 75.63% since price per share fell to its 52-week low of $2.32. The company has a valuation of $676.59M, with an average of 4.22 million shares in intraday trading volume over the past 10 days and average of 2.43 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Altimmune Inc (ALT), translating to a mean rating of 1.44. Of 6 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 6 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 -0.35.
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Altimmune Inc (NASDAQ:ALT) trade information
After registering a 0.32% upside in the last session, Altimmune Inc (ALT) has traded red over the past five days. The 5-day price performance for the stock is 30.23%, and 35.23% over 30 days. With these gigs, the year-to-date price performance is -15.38%. Short interest in Altimmune Inc (NASDAQ:ALT) saw shorts transact 22.23 million shares and set a 10.72 days time to cover.
The extremes give us $12 and $35 for target low and target high price respectively. As such, ALT has been trading -267.65% off suggested target high and -26.05% 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 7.33% up over the last 6 months, with its year-to-date growth rate lower than industry average at 4.20% against 16.40%. Revenue is forecast to grow 10.30% this quarter before jumping 38.90% for the next one. The rating firms project that company’s revenue will shrink -97.70% compared to the previous financial year.
Earnings reports from the last fiscal year show that sales brought in 362k and 37k respectively in the corresponding quarters.
ALT Dividends
Altimmune Inc has its next earnings report out in December. 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 (NASDAQ:ALT)’s Major holders
Altimmune Inc insiders hold 0.80% of total outstanding shares, with institutional holders owning 59.81% of the shares at 60.29% float percentage. In total, 59.81% institutions holds shares in the company, led by BLACKROCK INC.. As of 2024-06-30, the company held over 5.32 million shares (or 7.5155% of shares), all amounting to roughly $35.39 million.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 4.91 million shares, or about 6.9301% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $32.63 million.
