With 1.64 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.61 million shares. The 52-week range on ALT shows that it touched its highest point at $14.84 and its lowest point at $5.28 during that stretch. It currently has a 1-year price target of $21.71. Beta for the stock currently stands at 0.84.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ALT was up-trending over the past week, with a rise of 3.21%, but this was down by -7.35% over a month. Three-month performance dropped to -10.07% while six-month performance fell -9.82%. The stock lost -23.45% in the past year, while it has lost -10.82% so far this year. A look at the trailing 12-month EPS for ALT yields -1.55 with Next year EPS estimates of -1.52. For the next quarter, that number is -0.33. This implies an EPS growth rate of 18.75% for this year and -12.38% for next year. EPS is expected to decline by -0.36% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 35.74%.
Float and Shares Shorts:
At present, 71.12 million ALT shares are outstanding with a float of 70.38 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ALT since 6 analysts follow the stock currently. There are 6 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$1.27881 being high and -$1.3987 being low. For ALT, this leads to a yearly average estimate of -$1.34875. Based on analyst estimates, the high estimate for the next quarter is -$0.33 and the low estimate is -$0.42. The average estimate for the next quarter is thus -$0.38.
