Better Times Ahead For Altamira Therapeutics Ltd (NASDAQ: CYTO)?

Altamira Therapeutics Ltd (CYTO) concluded trading on 11/15/23 at a closing price of $0.10, with 6.65 million shares of worth about $0.67 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -88.62% during that period and on Wednesday the price saw a loss of about -1.00%. Currently the company’s common shares owned by public are about 8.83M shares, out of which, 8.78M shares are available for trading.

A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 1 analysts are covering the CYTO stock and their offered price forecasts bring an average price target of $286.10. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $286.10 and could fall to a lowest price of $286.10. The stock’s current price level is 99.97% above of average price target set by the analysts, while a rise to estimated low would result in gain of 99.97% for the stock. However, touching the estimated high of $286.10 would mean a gain of 99.97% for the stock.

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Altamira Therapeutics Ltd (NASDAQ: CYTO) started trading at $0.11, above $0.01 from concluding price of the previous day. However, the stock later moved at a day high price of 0.1114, or with a loss of -1.00%. Stock saw a price change of -15.09% in past 5 days and over the past one month there was a price change of -47.56%. Year-to-date (YTD), CYTO shares are showing a performance of -97.96% which decreased to -98.16% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.09 but also hit the highest price of $6.31 during that period. The average intraday trading volume for Altamira Therapeutics Ltd shares is 969.70K. The stock is currently trading -31.70% below its 20-day simple moving average (SMA20), while that difference is down -53.23% for SMA50 and it goes to -88.89% lower than SMA200.

Altamira Therapeutics Ltd (NASDAQ: CYTO) currently have 8.83M outstanding shares and institutions hold larger chunk of about 10.07% of that.

The stock has a current market capitalization of $0.87M and its 3Y-monthly beta is at 1.64. It has Quick Ratio of 0.27. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CYTO, volatility over the week remained 15.57% while standing at 14.74% over the month.

Analysts are in expectations that Altamira Therapeutics Ltd (CYTO) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is $0 and it is $0 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same.

Analysts at 1 brokerage firms have issued recommendations for the Altamira Therapeutics Ltd (CYTO)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.00. Out of those 1 Wall Street analysts, 1 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.

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