Armistice Capital LLC recently announced the acquisition of new stake in Altamira Therapeutics Ltd (NASDAQ:CYTO). This fresh investment now brings its stake to 9.39% valued currently at $0.12 million. In addition, G1 Execution Services LLC raised its holdings by 10185.0 to 10185.0 shares.
With over 9.49 million Altamira Therapeutics Ltd (CYTO) shares trading Friday and a closing price of $0.41 on the day, the dollar volume was approximately $3.89 million. The shares have shown a negative half year performance of -46.90% and its price on 12/08/23 lost nearly -19.31%. Currently, there are 8.83M common shares owned by the public and among those 8.78M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for CYTO have a consensus price objective of $286.10. The analysts have set the share’s price value over the next 12 months at a high of $286.10 and a low of $286.10. The average price target is 99.86% above its recent price level and an upside to the estimated low will see the stock gain 99.86% over that period. But an upside of 99.86% will see the stock hit the forecast high price target while median target price for the stock is $286.10.
Shares of Altamira Therapeutics Ltd (NASDAQ: CYTO) opened at $0.4888, down -$0.02 from a prior closing price of $0.51. However, the script later moved the day high at 0.5399, down -19.31%. The company’s stock has a 5-day price change of 28.50% and 20.56% over the past three months. CYTO shares are trading -91.55% year to date (YTD), with the 12-month market performance down to -92.32% lower. It has a 12-month low price of $0.09 and touched a high of $5.99 over the same period. CYTO has an average intraday trading volume of 14.32 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 43.42%, 80.75%, and -41.40% respectively.
Institutional ownership of Altamira Therapeutics Ltd (NASDAQ: CYTO) shares accounts for 10.07% of the company’s 8.83M shares outstanding. Mutual fund holders own 0.01%, while other institutional holders and individual stakeholders account for 10.06% and — respectively.
It has a market capitalization of $3.62M and a beta (3y monthly) value of 2.52. Price movements for the stock have been influenced by the stock’s volatility, which stands at 42.14% over the week and 54.41% over the month.
Analysts forecast that Altamira Therapeutics Ltd (CYTO) will achieve an EPS of $Altamira Therapeutics Ltd. for the current quarter, $0.41 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Cytokinetics, Incorporated while analysts give the company a high EPS estimate of $Cytosorbents Corporation. Comparatively, EPS for the current quarter was $CTO Realty Growth, Inc. a year ago.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 1 brokerage firm advisors rate Altamira Therapeutics Ltd (CYTO) as a “Strong Buy” at a consensus score of 1.00. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 0 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”
