In yesterday’s Wall Street session, Altimmune Inc (NASDAQ:ALT) shares traded at $6.41, up 7.91% from the previous session.
ALT stock price is now -11.16% away from the 50-day moving average and -5.56% away from the 200-day moving average. The market capitalization of the company currently stands at $454.47M.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
On January 24, 2024, Goldman recently initiated its ‘Neutral’ rating on the stock quoting a target price of $13, while the Goldman previously rated the stock as ‘Neutral’ on March 22, 2023.
In other news, Drutz David, Director bought 300 shares of the company’s stock on Aug 15 ’23. The stock was bought for $862 at an average price of $2.88. Upon completion of the transaction, the Director now directly owns 29,785 shares in the company, valued at $0.19 million. A total of 0.78% of the company’s stock is owned by insiders.
During the past 12 months, Altimmune Inc has had a low of $2.09 and a high of $14.84. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 16.55, and a quick ratio of 16.55. The fifty day moving average price for ALT is $7.1832 and a two-hundred day moving average price translates $6.807125 for the stock.
The latest earnings results from Altimmune Inc (NASDAQ: ALT) was released for 2024-03-31. The net profit margin was -22626.10% and return on equity was -54.46% for ALT. The company reported revenue of $5000.0 for the quarter, compared to $21000.0 a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -76.19 percent.
