During the last session, Altimmune Inc (NASDAQ:ALT)’s traded shares were 4.39 million, with the beta value of the company hitting 0.11. At the end of the trading day, the stock’s price was $8.40, reflecting an intraday gain of 4.41% or $0.35. The 52-week high for the ALT share is $14.84, that puts it down -76.67 from that peak though still a striking 70.48% gain since the share price plummeted to a 52-week low of $2.48. The company’s market capitalization is $597.80M, and the average intraday trading volume over the past 10 days was 6.24 million shares, and the average trade volume was 2.70 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 1.25. 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. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.34.
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Altimmune Inc (NASDAQ:ALT) trade information
Altimmune Inc (ALT) registered a 4.41% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 4.41% in intraday trading to $8.40, hitting a weekly high. The stock’s 5-day price performance is -0.59%, and it has moved by 25.07% in 30 days. Based on these gigs, the overall price performance for the year is 230.91%. The short interest in Altimmune Inc (NASDAQ:ALT) is 22.94 million shares and it means that shorts have 12.57 day(s) to cover.
The consensus price target of analysts on Wall Street is $25, which implies an increase of 66.4% 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 -316.67% off the target high and -42.86% 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 up 13.73% during the last six months, with a year-to-date growth rate less than the industry average at 4.90% against 16.60. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -4.70% this quarter and then drop -11.12% in the quarter after that. In the rating firms’ projections, revenue will decrease -98.83% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 620 as predicted by 8 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to 1k by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 37k and 5k respectively. In this case, analysts expect current quarter sales to shrink by -98.32% and then drop by -80.00% in the coming quarter.
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 16.83% in 2024.
ALT Dividends
Altimmune Inc is due to release its next quarterly earnings in December. 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 0.79% of total outstanding shares while institutional holders control 56.72%, with the float percentage being 57.17%. BLACKROCK INC. is the largest shareholder of the company, while 235.0 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.
