With 2.81 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.62 million shares. The 52-week range on ALT shows that it touched its highest point at $12.35 and its lowest point at $5.28 during that stretch. It currently has a 1-year price target of $22.38. Beta for the stock currently stands at 0.78.
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 0.85%, but this was down by -10.24% over a month. Three-month performance dropped to -31.73% while six-month performance fell -9.83%. The stock lost -50.74% in the past year, while it has lost -17.34% so far this year. A look at the trailing 12-month EPS for ALT yields -1.34 with Next year EPS estimates of -1.69. For the next quarter, that number is -0.36. This implies an EPS growth rate of -9.53% for this year and -15.34% for next year. EPS is expected to decline by -1.98% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 3.48%.
Float and Shares Shorts:
At present, 77.01 million ALT shares are outstanding with a float of 76.22 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 -$0.27 and the low estimate is -$0.44. The average estimate for the next quarter is thus -$0.34.
Summary of Insider Activity:
Insiders traded ALT stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.