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Wednesday, September 27, 2023

What Are The Chances Of Altimmune Inc. (NASDAQ: ALT) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Altimmune Inc. (ALT) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.14, or 5.24%, to $2.81. The Altimmune Inc. has recorded 10,054 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Altimmune Announces Completion of Dosing in the Phase 2 MOMENTUM Trial of Pemvidutide in Subjects with Obesity or Overweight.

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Stocks Info

As a NASDAQ listed company, ALT falls under the Healthcare sector while operating within the Biotechnology industry segment. At the end of the last regular session, the stock closed at $2.67 and fluctuated between $2.8200 as its day high and $2.5850 as its day low. The current market capitalization of Altimmune Inc. is $141.24M. A total of 1.9 million shares were traded on the day, compared to an average of 1.63M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, ALT has seen 5 BUY and 0 SELL insider trades, representing the acquisition of 5,042 and the disposition of 0 shares. Over the last 12 months, there were 21 BUYs and 10 SELLs from insiders. Insiders purchased 135,901 shares during that period but sold 54,227.

In the most recent transaction, Drutz David bought 300 shares of ALT for 2.88 per share on Aug 15. After the transaction, the Director now owns 29,785 company shares. In a previous transaction on Mar 24, Eisenstadt Richard I bought 10,000 shares at 4.31 per share. ALT shares that Chief Financial Officer owns now total 22,010.

Among the insiders who bought shares, Harris Matthew Scott acquired of 10,000 shares on Mar 23 at a per-share price of $4.22. This resulted in the Chief Medical Officer holding 33,311 shares of ALT after the transaction. In another insider transaction, Drutz David bought 9,000 shares at $4.27 per share on Mar 23. Company shares held by the Director now total 29,484.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for ALT in the last 3 months, the mean price target is $21.67 with high estimates of $35.00 and low estimates of $15.00. In terms of 52-week highs and lows, ALT has a high of $21.62 and a low of $2.34.

As of this writing, ALT has an earnings estimate of $iShares 20+ Year Treasury Bond per share for the current quarter. EPS was calculated based on a consensus of Altria Group, Inc. estimates, with a high estimate of $Palo Alto Networks, Inc. per share and a lower estimate of $Albemarle Corporation.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. ALT’s latest balance sheet shows that the firm has $190.30M in Cash & Short Term Investments as of fiscal 2021. There were $1.54M in debt and $18.28M in liabilities at the time. Its Book Value Per Share was $3.31, while its Total Shareholder’s Equity was $199.13M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ALT is Buy with a score of 4.71.

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