Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Altimmune Inc’s current trading price is -43.40% away from its 52-week high, while its distance from the 52-week low is 59.24%. The stock’s price range during this period has varied between $5.28 and $14.84. The company, active in the Healthcare sector, saw a trading volume of around 2.83 million for the day, considerably lower average daily volume of 2.99 million observed over the last three months.
Altimmune Inc’s stock has had a calm market performance. The 1-year high for the company’s stock was $14.84 on 02/28/24, and the lowest price during the same period was recorded at $5.28 on 08/05/24.
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How Financial Performance Impacts Market Capitalization
Altimmune Inc (ALT) has experienced a quarterly rise of 13.06% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 597.45M and boasts a workforce of 59 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 7.20, with a change in price of +1.65. Similarly, Altimmune Inc recorded 2,779,131 in trading volume during the last 100 days, posting a change of +24.44%.
How ALT’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to 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
As of today, the raw stochastic average of Altimmune Inc over the past 50 days is 47.33%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 36.40%. Additionally, the Stochastic %K and %D values for the company were 47.20% and 47.33%, respectively, over the past 20 days.
ALT Stock Price Performance Analysis
The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. Year to date metric has recorded a loss of -25.33%.However, over the last six months, we can see a weaker performance of 42.13%. Over the last 30 days, the price of ALT has fallen by 10.38%. And in the last five days, it has fallen by -6.77%.
