Altimmune Inc (NASDAQ: ALT) – Not A Clear Buying Opportunity?

Altimmune Inc (ALT) concluded trading on Thursday at a closing price of $6.55, with 3.87 million shares of worth about $25.35 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -41.36% during that period and on July 18, 2024 the price saw a loss of about -12.55%. Currently the company’s common shares owned by public are about 70.68M shares, out of which, 70.34M shares are available for trading.

Stock saw a price change of -14.71% in past 5 days and over the past one month there was a price change of 10.64%. Year-to-date (YTD), ALT shares are showing a performance of -41.78% which increased to 107.94% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.09 but also hit the highest price of $14.84 during that period. The average intraday trading volume for Altimmune Inc shares is 3.60 million. The stock is currently trading -6.16% below its 20-day simple moving average (SMA20), while that difference is down -8.29% for SMA50 and it goes to -8.93% lower than SMA200.

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Altimmune Inc (NASDAQ: ALT) currently have 70.68M outstanding shares and institutions hold larger chunk of about 56.59% of that.

The stock has a current market capitalization of $464.40M and its 3Y-monthly beta is at 0.12. It has posted earnings per share of -$1.59 in the same period. It has Quick Ratio of 16.55 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ALT, volatility over the week remained 8.90% while standing at 9.80% over the month.

Stock’s fiscal year EPS is expected to rise by 7.32% while it is estimated to decrease by -1.28% in next year.

Coverage by Goldman stated Altimmune Inc (ALT) stock as a Neutral in their note to investors on January 24, 2024, suggesting a price target of $13 for the stock. On March 22, 2023, Goldman Downgrade their recommendations, while on December 01, 2022, Goldman Initiated their ratings for the stock with a price target of $20. Stock get a Buy rating from Jefferies on December 29, 2021.

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