Altimmune Inc (NASDAQ: ALT): Do Not Miss The Gain Train

Altimmune Inc (ALT) concluded trading on Wednesday at a closing price of $9.85, with 10.94 million shares of worth about $107.75 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 34.93% during that period and on December 04, 2024 the price saw a gain of about 12.06%. Currently the company’s common shares owned by public are about 71.12M shares, out of which, 70.53M shares are available for trading.

Stock saw a price change of 16.84% in past 5 days and over the past one month there was a price change of 45.07%. Year-to-date (YTD), ALT shares are showing a performance of -12.44% which increased to 112.74% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $4.06 but also hit the highest price of $14.84 during that period. The average intraday trading volume for Altimmune Inc shares is 2.79 million. The stock is currently trading 18.38% above its 20-day simple moving average (SMA20), while that difference is up 34.99% for SMA50 and it goes to 30.20% higher than SMA200.

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Altimmune Inc (NASDAQ: ALT) currently have 71.12M outstanding shares and institutions hold larger chunk of about 56.20% of that.

The stock has a current market capitalization of $700.58M and its 3Y-monthly beta is at 0.15. It has posted earnings per share of -$1.55 in the same period. It has Quick Ratio of 16.87 while making debt-to-equity ratio of 0.01. 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 9.15% while standing at 11.20% over the month.

Stock’s fiscal year EPS is expected to rise by 17.37% while it is estimated to increase by 9.34% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by UBS on November 12, 2024 offering a Buy rating for the stock and assigned a target price of $26 to it. On January 24, 2024, Goldman Initiated their recommendations, while on March 22, 2023, Goldman Downgrade their ratings for the stock with a price target of $6. Stock get a Buy rating from Goldman on December 01, 2022.

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