The trading price of Altimmune Inc (NASDAQ:ALT) closed higher on Thursday, March 29, closing at $10.18, 14.51% higher than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $14.84 and a 52-week low of $2.09. Over the past month, the stock has lost -23.34% in value.
Altimmune Inc, whose market valuation is $546.97 million at the time of this writing, is expected to release its quarterly earnings report May 09, 2024 – May 13, 2024. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -$0.37 per share this quarter, however they have predicted annual earnings per share of -$1.22 for 2024 and -$1.6 for 2025. It means analysts are expecting annual earnings per share growth of 14.10% this year and -31.10% next year.
From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2024 is $35.71 million. The company’s revenue is forecast to grow by 8,282.60% over what it did in 2024.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Altimmune Inc 2 upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest ALT has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
A quick review shows that ALT’s price is currently 1.17% off the SMA20 and 2.16% off the SMA50. The RSI metric on the 14-day chart is currently showing 52.85, and weekly volatility stands at 12.13%. When measured over the past 30 days, the indicator reaches 9.97%. Altimmune Inc (NASDAQ:ALT)’s beta value is currently sitting at 0.03, while the Average True Range indicator is currently displaying 1.04.
To see how Altimmune Inc stock has been performing in comparison to its peers in the industry, here are the numbers: ALT stock’s performance was 14.51% in the latest trading, and 130.32% in the past year.
An evaluation of the daily trading volume of Altimmune Inc (NASDAQ:ALT) indicates that the 3-month average is 6.22 million. However, this figure has increased over the past 10 days to an average of 4.36 million.
Currently, records show that 70.68 million of the company’s shares remain outstanding. The insiders hold 1.02% of outstanding shares, whereas institutions hold 67.61%. The stats also highlight that short interest as of Mar 15, 2024, stood at 12.51 million shares, resulting in a short ratio of 2.01 at that time. From this, we can conclude that short interest is 17.70% of the company’s total outstanding shares. It is noteworthy that short shares in March were up slightly from the previous month’s figure, which was 11.55 million. However, since the stock’s price has seen -9.51% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
