In the latest trading session, 0.41 million Altimmune Inc (NASDAQ:ALT) shares changed hands as the company’s beta touched 0.17. With the company’s most recent per share price at $7.59 changed hands at -$0.17 or -2.23% at last look, the market valuation stands at $539.63M. ALT’s current price is a discount, trading about -95.52% off its 52-week high of $14.84. The share price had its 52-week low at $5.28, which suggests the last value was 30.43% up since then. When we look at Altimmune Inc’s average trading volume, we note the 10-day average is 3.24 million shares, with the 3-month average coming to 3.09 million.
Analysts gave the Altimmune Inc (ALT) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.25. If we narrow down to specifics, the data shows that 0 out of 6 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended ALT as a Hold, 6 felt it is a Buy and 0 rated the stock as Underweight. Altimmune Inc’s EPS for the current quarter is expected to be 0.24.
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Altimmune Inc (NASDAQ:ALT) trade information
Instantly ALT was in red as seen in intraday trades today. With action -9.68%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -32.56%, with the 5-day performance at -9.68% in the red. However, in the 30-day time frame, Altimmune Inc (NASDAQ:ALT) is -12.59% down. Looking at the short shares, we see there were 23.43 million shares sold at short interest cover period of 5.81 days.
The consensus price target for the stock as assigned by Wall Street analysts is 25, meaning bulls need an upside of 69.64% from its recent market value. According to analyst projections, ALT’s forecast low is 12 with 35 as the target high. To hit the forecast high, the stock’s price needs a -361.13% plunge from its current level, while the stock would need to soar -58.1% for it to hit the projected low.
Altimmune Inc (ALT) estimates and forecasts
Data shows that the Altimmune Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 21.29% over the past 6 months, a 4.90% in annual growth rate that is considerably lower than the industry average of 16.40%. Year-over-year growth is forecast to reach -99.16% down from the last financial year.
5 analysts are of the opinion that Altimmune Inc’s revenue for the current quarter will be 1k. The company’s revenue for the corresponding quarters a year ago was 37k and 5k respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -100.00%. The estimates for the next quarter sales put growth at -80.00%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 35.74%. The 2024 estimates are for Altimmune Inc earnings to increase by 18.26%.
ALT Dividends
Altimmune Inc is expected to release its next quarterly earnings report in January.
Altimmune Inc (NASDAQ:ALT)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.79% of Altimmune Inc shares while 56.68% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 57.13%. There are 56.68% institutions holding the Altimmune Inc stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 7.5155% of the shares, roughly 5.32 million ALT shares worth $35.39 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 6.9301% or 4.91 million shares worth $32.63 million as of 2024-06-30.
