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ALT’s Stock Dilemma: Altimmune Inc’s Market Performance and Outlook

In terms of market performance, Altimmune Inc had a somewhat regular. The highest value for the stock in the past year was $14.84 on 02/28/24, while the lowest value was $2.41 on 11/22/23.

52-week price history of ALT Stock

A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. Altimmune Inc’s current trading price is -44.88% away from its 52-week high, while its distance from the 52-week low is 239.42%. The stock’s price range during this period has fluctuated between $2.41 and $14.84. Shares of the company, which operates in the Healthcare sector, recorded a trading volume of around 2.22 million for the day, which was evidently lower than the average daily volume of 2.67 million over the last three months.

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Financial Performance and Market Capitalization

Altimmune Inc (ALT) has experienced a quarterly rise of 21.01% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 581.80M and boasts a workforce of 59 employees.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 6.86, with a change in price of +1.04. Similarly, Altimmune Inc recorded 2,678,965 in trading volume during the last 100 days, posting a change of +14.44%.

ALT Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for ALT stands at 0.01. Similarly, the long-term debt-to-equity ratio is also 0.01.

ALT Stock Stochastic Average

The raw stochastic average for Altimmune Inc over the last 50 days is presently at 44.91%. This reflects a surge from the raw stochastic average of the previous 20 days, which was noted at 38.00%. Further, the company’s Stochastic %K and %D values for the last 20 days were 24.84% and 24.19%, respectively.

ALT Stock Price Performance Analysis

The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. Year to date metric has recorded a loss of -27.29%.However, over the last six months, we can see a weaker performance of 3.68%. Over the last 30 days, the price of ALT has fallen by 20.29%. And in the last five days, it has fallen by -14.08%.

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