In the last trading session, 3.01 million Altimmune Inc (NASDAQ:ALT) shares changed hands as the company’s beta touched -0.00. With the company’s per share price at $4.05 changed hands at -$0.03 or -0.74% during last session, the market valuation stood at $328.48M. ALT’s last price was a discount, traded about -175.56% off its 52-week high of $11.16. The share price had its 52-week low at $2.90, which suggests the last value was 28.4% up since then. When we look at Altimmune Inc’s average trading volume, we note the 10-day average is 4.4 million shares, with the 3-month average coming to 5.56 million.
Analysts gave the Altimmune Inc (ALT) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.60. 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 (NASDAQ:ALT) trade information
Instantly ALT was in red as seen at the end of in last trading. With action -4.93%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -45.93%, with the 5-day performance at -4.93% in the red. However, in the 30-day time frame, Altimmune Inc (NASDAQ:ALT) is -40.27% down. Looking at the short shares, we see there were 24.4 million shares sold at short interest cover period of 8.05 days.
The consensus price target for the stock as assigned by Wall Street analysts is 25, meaning bulls need an upside of 83.8% from its current 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 -764.2% plunge from its current level, while the stock would need to soar -196.3% for it to hit the projected low.
Altimmune Inc (ALT) estimates and forecasts
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 3.48%. The 2025 estimates are for Altimmune Inc earnings to increase by 7.66%, but the outlook for the next 5-year period is at 2.73% per year.
Altimmune Inc (NASDAQ:ALT)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.76% of Altimmune Inc shares while 47.85% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 48.22%. There are 47.85% institutions holding the Altimmune Inc stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 7.5025% 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 6.9181% or 4.91 million shares worth $32.63 million as of 2024-06-30.
