With 2.49 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.53 million shares. The 52-week range on ALT shows that it touched its highest point at $11.16 and its lowest point at $3.55 during that stretch. It currently has a 1-year price target of $22.38. Beta for the stock currently stands at 0.58.
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 down-trending over the past week, with a drop of -7.18%, but this was up by 2.51% over a month. Three-month performance dropped to -11.52% while six-month performance fell -37.13%. The stock lost -22.63% in the past year, while it has lost -26.49% so far this year. A look at the trailing 12-month EPS for ALT yields -1.25 with Next year EPS estimates of -1.48. For the next quarter, that number is -0.32. This implies an EPS growth rate of 6.95% for this year and -18.43% for next year. EPS is expected to grow by 2.31% 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, 81.11 million ALT shares are outstanding with a float of 80.26 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.
