The stock price of Altimmune Inc (NASDAQ: ALT) has dropped by -7.78 compared to previous close of 7.26. Despite this, the company has seen a fall of -10.37% in its stock price over the last five trading days. InvestorPlace reported 2024-04-24 that Investors continue to search for the next big weight loss drug stocks following the success of Eli Lilly (NYSE: LLY ) and Novo Nordisk (NYSE: NVO ). So-called GLP-1 receptor agonists represent a fundamental change in weight loss treatment.
Is It Worth Investing in Altimmune Inc (NASDAQ: ALT) Right Now?
Moreover, the 36-month beta value for ALT is 0.15. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for ALT is 70.17M and currently, short sellers hold a 29.03% of that float. On April 29, 2024, ALT’s average trading volume was 4.64M shares.
ALT’s Market Performance
The stock of Altimmune Inc (ALT) has seen a -10.37% decrease in the past week, with a -34.23% drop in the past month, and a -33.91% fall in the past quarter. The volatility ratio for the week is 9.18%, and the volatility levels for the past 30 days are at 8.31% for ALT. The simple moving average for the past 20 days is -16.71% for ALT’s stock, with a 11.46% simple moving average for the past 200 days.
Analysts’ Opinion of ALT
Goldman, on the other hand, stated in their research note that they expect to see ALT reach a price target of $13. The rating they have provided for ALT stocks is “Neutral” according to the report published on January 24th, 2024.
Goldman gave a rating of “Neutral” to ALT, setting the target price at $6 in the report published on March 22nd of the previous year.
ALT Trading at -27.70% from the 50-Day Moving Average
After a stumble in the market that brought ALT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -54.89% of loss for the given period.
Volatility was left at 8.31%, however, over the last 30 days, the volatility rate increased by 9.18%, as shares sank -33.04% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -23.46% lower at present.
During the last 5 trading sessions, ALT fell by -8.30%, which changed the moving average for the period of 200-days by +102.06% in comparison to the 20-day moving average, which settled at $7.87. In addition, Altimmune Inc saw -40.49% 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 ALT starting from Drutz David, who purchase 300 shares at the price of $2.88 back on Aug 15 ’23. After this action, Drutz David now owns 29,785 shares of Altimmune Inc, valued at $862 using the latest closing price.
Stock Fundamentals for ALT
Current profitability levels for the company are sitting at:
- -196.03 for the present operating margin
- -76.88 for the gross margin
The net margin for Altimmune Inc stands at -203.67. The total capital return value is set at -0.42. Equity return is now at value -46.63, with -42.36 for asset returns.
Based on Altimmune Inc (ALT), the company’s capital structure generated 0.0 points at debt to capital in total, while cash flow to debt ratio is standing at -112.98. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is 3630.87.
Currently, EBITDA for the company is -83.03 million with net debt to EBITDA at 1.72. When we switch over and look at the enterprise to sales, we see a ratio of 799.24. The receivables turnover for the company is 0.09for trailing twelve months and the total asset turnover is 0.0. The liquidity ratio also appears to be rather interesting for investors as it stands at 17.25.
Conclusion
To wrap up, the performance of Altimmune Inc (ALT) has been bad in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. 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.
