Altimmune Inc (ALT) stock analysis: A simple moving average approach

While Altimmune Inc has overperformed by 3.53%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ALT rose by 156.57%, with highs and lows ranging from $14.84 to $2.32, whereas the simple moving average fell by -8.56% in the last 200 days.

On April 29, 2024, Guggenheim Downgraded Altimmune Inc (NASDAQ: ALT) to Neutral. A report published by Goldman on January 24, 2024, Initiated its previous ‘Neutral’ rating for ALT. Goldman also Downgraded ALT shares as ‘Neutral’, setting a target price of $6 on the company’s shares in a report dated March 22, 2023. Goldman Initiated an Buy rating on December 01, 2022, and assigned a price target of $20. Jefferies initiated its ‘Buy’ rating for ALT, as published in its report on December 29, 2021. H.C. Wainwright’s report from June 02, 2021 suggests a price prediction of $35 for ALT shares, giving the stock a ‘Buy’ rating. Guggenheim also rated the stock as ‘Buy’.

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Analysis of Altimmune Inc (ALT)

Further, the quarter-over-quarter decrease in sales is -16.67%, showing a negative trend in the upcoming months.

To gain a thorough understanding of Altimmune Inc’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of -63.29% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 11.30, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.

It is also very valuable to look at average volume as an indicator of volatility for a stock, and ALT is recording an average volume of 2.18M. On a monthly basis, the volatility of the stock is set at 6.40%, whereas on a weekly basis, it is put at 6.65%, with a loss of -4.48% over the past seven days. Furthermore, long-term investors anticipate a median target price of $20.57, showing growth from the present price of $7.03, which can serve as yet another indication of whether ALT is worth investing in or should be passed over.

How Do You Analyze Altimmune Inc Shares?

The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.83%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 59.53% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.

ALT shares are owned by institutional investors to the tune of 59.53% at present.

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