AlTi Global Inc [ALTI] stock prices are up 2.63% to $3.51 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 ALTI shares have gain 4.46% over the last week, with a monthly amount glided 9.69%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
AlTi Global Inc [NASDAQ: ALTI] stock has seen the most recent analyst activity on January 25, 2024, when Raymond James upgraded its rating to a Strong Buy but kept the price target unchanged to $9 for it. Previously, Raymond James downgraded its rating to Mkt Perform on July 12, 2023. On May 02, 2023, Raymond James initiated with a Strong Buy rating and assigned a price target of $8 on the stock.
The stock price of AlTi Global Inc [ALTI] has been fluctuating between $2.33 and $5.45 over the past year. Currently, Wall Street analysts expect the stock to reach $9 within the next 12 months. AlTi Global Inc [NASDAQ: ALTI] shares were valued at $3.51 at the most recent close of the market. An investor can expect a potential return of 156.41% based on the average ALTI price forecast.
Analyzing the ALTI fundamentals
The AlTi Global Inc [NASDAQ:ALTI] reported sales of 217.23M for trailing twelve months, representing a surge of 19.07%. Gross Profit Margin for this corporation currently stands at 0.4% with Operating Profit Margin at -0.55%, Pretax Profit Margin comes in at -1.42%, and Net Profit Margin reading is -0.89%. To continue investigating profitability, this company’s Return on Assets is posted at -0.11, Equity is -0.22 and Total Capital is -0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.09.
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 3.41 points at the first support level, and at 3.31 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.62, and for the 2nd resistance point, it is at 3.73.
Ratios To Look Out For
It’s worth pointing out that AlTi Global Inc [NASDAQ:ALTI]’s Current Ratio is 1.51. Also, the Quick Ratio is 1.51, while the Cash Ratio stands at 0.84. Considering the valuation of this stock, the price to sales ratio is 2.34, the price to book ratio is 0.96.
Transactions by insiders
Recent insider trading involved Maliagros Spiros, Officer, that happened on Dec 24 ’24 when 5769.0 shares were purchased. Officer, Maliagros Spiros completed a deal on Dec 17 ’24 to buy 5769.0 shares. Meanwhile, 10% Owner TIEDEMANN ADVISORS, LLC bought 0.39 million shares on Jul 01 ’24.
