AlTi Global Inc (NASDAQ: ALTI)’s stock price has plunge by 6.48relation to previous closing price of 4.63. Nevertheless, the company has seen a -3.90% plunge in its stock price over the last five trading sessions. Business Wire reported 2024-03-05 that NEW YORK–(BUSINESS WIRE)–AlTi Global, Inc. (NASDAQ: ALTI) (“AlTi”), a leading independent global wealth and asset manager, today announced it will release its financial results for the fourth quarter and full year 2023 after the market close on Friday, March 15, 2024. Management will host a conference call and webcast the same day at 5:00 pm Eastern Time to provide a business update and discuss the financial results for the quarter and full year. Conference Call Information Participants are i.
Is It Worth Investing in AlTi Global Inc (NASDAQ: ALTI) Right Now?
The 36-month beta value for ALTI is at 0.59. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for ALTI is 33.13M, and currently, shorts hold a 2.04% of that float. The average trading volume for ALTI on April 12, 2024 was 132.70K shares.
ALTI’s Market Performance
The stock of AlTi Global Inc (ALTI) has seen a -3.90% decrease in the past week, with a -17.83% drop in the past month, and a -25.42% fall in the past quarter. The volatility ratio for the week is 13.02%, and the volatility levels for the past 30 days are at 9.41% for ALTI. The simple moving average for the last 20 days is -10.82% for ALTI stock, with a simple moving average of -29.28% for the last 200 days.
Analysts’ Opinion of ALTI
Many brokerage firms have already submitted their reports for ALTI stocks, with Raymond James repeating the rating for ALTI by listing it as a “Strong Buy.” The predicted price for ALTI in the upcoming period, according to Raymond James is $9 based on the research report published on January 25, 2024 of the current year 2024.
Raymond James gave a rating of “Strong Buy” to ALTI, setting the target price at $8 in the report published on May 02nd of the previous year.
ALTI Trading at -14.71% from the 50-Day Moving Average
After a stumble in the market that brought ALTI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -60.02% of loss for the given period.
Volatility was left at 9.41%, however, over the last 30 days, the volatility rate increased by 13.02%, as shares sank -19.05% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -25.42% lower at present.
During the last 5 trading sessions, ALTI fell by -3.90%, which changed the moving average for the period of 200-days by -24.85% in comparison to the 20-day moving average, which settled at $5.47. In addition, AlTi Global Inc saw -43.72% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ALTI starting from ilWaddi Cayman Holdings, who purchase 20,000 shares at the price of $4.99 back on Apr 03 ’24. After this action, ilWaddi Cayman Holdings now owns 17,933,265 shares of AlTi Global Inc, valued at $99,800 using the latest closing price.
Moran Kevin P., the Chief Operating Officer of AlTi Global Inc, sale 20,000 shares at $4.93 during a trade that took place back on Apr 03 ’24, which means that Moran Kevin P. is holding 175,775 shares at $98,600 based on the most recent closing price.
Stock Fundamentals for ALTI
Current profitability levels for the company are sitting at:
- -0.49 for the present operating margin
- 0.19 for the gross margin
The net margin for AlTi Global Inc stands at -0.73. The total capital return value is set at -0.1. Equity return is now at value -48.90, with -20.12 for asset returns.
Based on AlTi Global Inc (ALTI), the company’s capital structure generated 0.41 points at debt to capital in total, while cash flow to debt ratio is standing at -0.34. The debt to equity ratio resting at 0.71. The interest coverage ratio of the stock is -8.52.
Currently, EBITDA for the company is -81.05 million with net debt to EBITDA at -2.88. When we switch over and look at the enterprise to sales, we see a ratio of 3.25. The receivables turnover for the company is 2.38for trailing twelve months and the total asset turnover is 0.2.
Conclusion
In conclusion, AlTi Global Inc (ALTI) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
