In the last trading session, 2.8 million shares of the Altimmune Inc (NASDAQ:ALT) were traded, and its beta was 0.15. Most recently the company’s share price was $9.01, and it changed around -$0.63 or -6.54% from the last close, which brings the market valuation of the company to $640.83M. ALT currently trades at a discount to its 52-week high of $14.84, offering almost -64.71% off that amount. The share price’s 52-week low was $4.71, which indicates that the current value has risen by an impressive 47.72% since then. We note from Altimmune Inc’s average daily trading volume that its 10-day average is 3.56 million shares, with the 3-month average coming to 3.04 million.
Altimmune Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.44. If we narrow it down even further, the data shows that 0 out of 9 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 2 recommended ALT as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight. Altimmune Inc is expected to report earnings per share of -0.34 for the current quarter.
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Altimmune Inc (NASDAQ:ALT) trade information
Instantly ALT has showed a red trend with a performance of -6.54% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 10.88 on recent trading dayincreased the stock’s daily price by 17.19%. The company’s shares are currently down -19.91% year-to-date, but still up 2.50% over the last five days. On the other hand, Altimmune Inc (NASDAQ:ALT) is 17.32% up in the 30-day period. We can see from the shorts that 23.43 million shares have been sold at a short interest cover period of 5.81 day(s).
The consensus price target as assigned by Wall Street analysts is $25, which translates to bulls needing to increase their stock price by 63.96% from its current value. Analyst projections state that ALT is forecast to be at a low of $12 and a high of $35.
Altimmune Inc (ALT) estimates and forecasts
Altimmune Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 39.04 percent over the past six months and at a 4.90% annual growth rate that is well below the industry average of 16.70%. The year-over-year growth rate is expected to be -98.68%, down from the previous year.
Consensus estimates provided by 8 financial analysts predict the company will bring in an average of 620 in revenue for the current quarter. 5 analysts expect Altimmune Inc to make 1k in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 37k and 5k respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -98.32%. Forecasts for the next quarter put sales growth at -80.00%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 35.74%.
ALT Dividends
Altimmune Inc’s next quarterly earnings report is expected to be released in January.
Altimmune Inc (NASDAQ:ALT)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.79% of Altimmune Inc shares, and 56.74% of them are in the hands of institutional investors. The stock currently has a share float of 57.19%. Altimmune Inc stock is held by 236.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 7.5155% of the shares, which is about 5.32 million shares worth $35.39 million.
VANGUARD GROUP INC, with 6.9301% or 4.91 million shares worth $32.63 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
