In the past week, ALTI stock has gone down by -23.65%, with a monthly decline of -20.35% and a quarterly plunge of -19.30%. The volatility ratio for the week is 9.63%, and the volatility levels for the last 30 days are 7.25% for AlTi Global Inc The simple moving average for the past 20 days is -22.74% for ALTI’s stock, with a -38.21% simple moving average for the past 200 days.
Is It Worth Investing in AlTi Global Inc (NASDAQ: ALTI) Right Now?
Company’s 36-month beta value is 0.75.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for ALTI is 32.68M, and currently, short sellers hold a 3.29% ratio of that floaft. The average trading volume of ALTI on August 07, 2024 was 167.03K shares.
ALTI) stock’s latest price update
AlTi Global Inc (NASDAQ: ALTI)’s stock price has dropped by -8.91 in relation to previous closing price of 4.04. Nevertheless, the company has seen a loss of -23.65% in its stock price over the last five trading days. businesswire.com reported 2024-05-21 that NEW YORK–(BUSINESS WIRE)–AlTi Global, Inc. (NASDAQ: ALTI) (“AlTi” or the “Company”), a leading independent global wealth and alternatives manager with over $70 billion in combined assets, today announced that Michael Tiedemann, Chief Executive Officer, and Stephen Yarad, Chief Financial Officer, will participate in and host meetings at the Morgan Stanley US Financials, Payments & CRE Conference in New York on Monday, June 10th. About AlTi AlTi is a leading independent global wealth and al.
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 -23.90% 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 -60.09% of loss for the given period.
Volatility was left at 7.25%, however, over the last 30 days, the volatility rate increased by 9.63%, as shares sank -15.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -18.94% lower at present.
During the last 5 trading sessions, ALTI fell by -23.65%, which changed the moving average for the period of 200-days by -45.40% in comparison to the 20-day moving average, which settled at $4.73. In addition, AlTi Global Inc saw -57.99% 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 Maliagros Spiros, who proposed sale 2,000 shares at the price of $4.03 back on Aug 06 ’24. After this action, Maliagros Spiros now owns shares of AlTi Global Inc, valued at $8,060 using the latest closing price.
Maliagros Spiros, the Officer of AlTi Global Inc, proposed sale 700 shares at $5.01 during a trade that took place back on Jul 31 ’24, which means that Maliagros Spiros is holding shares at $3,506 based on the most recent closing price.
Stock Fundamentals for ALTI
Current profitability levels for the company are sitting at:
- -0.39 for the present operating margin
- 0.26 for the gross margin
The net margin for AlTi Global Inc stands at -0.26. The total capital return value is set at -0.08. Equity return is now at value -14.64, with -4.75 for asset returns.
Based on AlTi Global Inc (ALTI), the company’s capital structure generated 0.33 points at debt to capital in total, while cash flow to debt ratio is standing at -0.12. The debt to equity ratio resting at 0.49. The interest coverage ratio of the stock is -5.89.
Currently, EBITDA for the company is -81.05 million with net debt to EBITDA at -16.26. When we switch over and look at the enterprise to sales, we see a ratio of 2.25. The receivables turnover for the company is 3.39for trailing twelve months and the total asset turnover is 0.19.
Conclusion
In a nutshell, AlTi Global Inc (ALTI) has experienced a bad performance in recent times. The stock has received mixed “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.
