Altimmune Inc [ALT] stock prices are down -8.11% to $10.02 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ALT shares have lost -0.05% over the last week, with a monthly amount glided 18.50%, and seem to be holding up well over a long-time horizon.
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On 2, January 2024, Altimmune Announces Presentation of Pemvidutide Clinical Data at Upcoming NASH-TAG Conference on January 6, 2024. In a post published today on Yahoo Finance, Altimmune, Inc. (Nasdaq: ALT), a clinical-stage biopharmaceutical company, today announced an abstract on pemvidutide in subjects with Metabolic Dysfunction-Associated Steatotic Liver Disease1 will be presented at the NASH-TAG Conference, which will be held in Park City, UT on January 4-6, 2024. Pemvidutide is a novel, investigational, peptide-based GLP-1/glucagon dual receptor agonist in development for the treatment of obesity and MASH2. Details for the presentation are as follows:.
From an analyst’s perspective:
Altimmune Inc [NASDAQ: ALT] stock has seen the most recent analyst activity on January 24, 2024, when Goldman initiated its Neutral rating and assigned the stock a price target of $13. Previously, Goldman downgraded its rating to Neutral on March 22, 2023, and dropped its price target to $6. On December 01, 2022, Goldman initiated with a Buy rating and assigned a price target of $20 on the stock. H.C. Wainwright initiated its recommendation with a Buy and recommended $35 as its price target on June 02, 2021. Guggenheim started tracking with a Buy rating for this stock on February 11, 2021, and assigned it a price target of $36. In a note dated December 14, 2020, Jefferies initiated an Buy rating and provided a target price of $25 on this stock.
The stock price of Altimmune Inc [ALT] has been fluctuating between $2.09 and $14.84 over the past year. Currently, Wall Street analysts expect the stock to reach $31.2 within the next 12 months. Altimmune Inc [NASDAQ: ALT] shares were valued at $10.02 at the most recent close of the market. An investor can expect a potential return of 211.38% based on the average ALT price forecast.
Analyzing the ALT fundamentals
The Altimmune Inc [NASDAQ:ALT] reported sales of 0.28M for trailing twelve months, representing a surge of 18000.00%. Gross Profit Margin for this corporation currently stands at -111.53% with Operating Profit Margin at -306.09%, Pretax Profit Margin comes in at -281.24%, and Net Profit Margin reading is -270.07%. To continue investigating profitability, this company’s Return on Assets is posted at -0.45, Equity is -0.45 and Total Capital is -0.55. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.01.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 9.51 points at the first support level, and at 9.00 for the second support level. However, for the 1st resistance point, the stock is sitting at 10.80, and for the 2nd resistance point, it is at 11.58.
Altimmune Inc [ALT] reported earnings per share of -$0.39 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.42/share, meaning a difference of $0.03 and a surprise factor of 7.10%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were -$0.32 per share as compared to estimates of -$0.46 per share, a difference of $0.14 representing a surprise of 30.40%.
Ratios To Look Out For
It’s worth pointing out that Altimmune Inc [NASDAQ:ALT]’s Current Ratio is 12.89. Also, the Quick Ratio is 12.89, while the Cash Ratio stands at 7.32. Considering the valuation of this stock, the price to sales ratio is 1923.73, the price to book ratio is 3.52.
Transactions by insiders
Recent insider trading involved Drutz David, Director, that happened on Aug 15 ’23 when 300.0 shares were purchased. Chief Financial Officer, Eisenstadt Richard I completed a deal on Mar 24 ’23 to buy 10000.0 shares. Meanwhile, Chief Medical Officer Harris Matthew Scott bought 10000.0 shares on Mar 23 ’23.
