Altimmune Stock Price Down 5.1 percent Heres What Happened

ALT Stock  USD 8.25  0.07  0.86%   
Slightly above 51% of Altimmune's private investors are presently thinking to get in. The analysis of the overall investor sentiment regarding Altimmune suggests that some traders are interested. Altimmune's investing sentiment can be driven by a variety of factors including economic data, Altimmune's earnings reports, geopolitical events, and overall market trends.
  
Shares of Altimmune, Inc. were down 5.1 percent during trading on Tuesday . The company traded as low as 8.52 and last traded at 8.54. Approximately 316,980 shares traded hands during trading, a decline of 92 percent from the average daily volume of 3,820,236 shares. The stock had previously closed at 9.00.

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Altimmune Investor Sentiment by Other News Outlets

Investor sentiment, mood or attitude towards Altimmune can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.

Altimmune Fundamental Analysis

We analyze Altimmune's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Altimmune using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Altimmune based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Revenue

Revenue Comparative Analysis

Altimmune is currently under evaluation in revenue category among its peers. Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.

Altimmune Potential Pair-trading

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Altimmune stock to make a market-neutral strategy. Peer analysis of Altimmune could also be used in its relative valuation, which is a method of valuing Altimmune by comparing valuation metrics with similar companies.

Peers

Altimmune Related Equities

CGTXCognition Therapeutics   8.62   
0%
80.0%
INZYInozyme Pharma   6.41   
0%
60.0%
ATHAAthira Pharma   5.45   
0%
51.0%
MDGLMadrigal Pharmaceuticals   5.12   
0%
47.0%
AKROAkero Therapeutics   3.31   
0%
31.0%
CABACabaletta Bio   3.03   
0%
28.0%
ARDXArdelyx   2.77   
0%
25.0%
DAWNDay One   2.65   
0%
24.0%
SAVACassava Sciences   2.62   
0%
24.0%
AVXLAnavex Life   1.89   
0%
17.0%
VKTXViking Therapeutics   1.83   
0%
17.0%
ACADACADIA Pharmaceuticals   0.84   
0%
7.0%
INMBINmune Bio   0.45   
4.0%
0%
FBIOFortress Biotech   1.15   
10.0%
0%
ZURAZura Bio   2.56   
23.0%
0%
TERNTerns Pharmaceuticals   3.14   
29.0%
0%
XFORX4 Pharmaceuticals   4.69   
43.0%
0%
HOOKHookipa Pharma   5.61   
52.0%
0%
VSTMVerastem   5.63   
52.0%
0%
HEPAHepion Pharmaceuticals   7.55   
70.0%
0%
BIVIBiovie   8.65   
81.0%
0%
RVPHReviva Pharmaceuticals   10.67   
100.0%
0%

Additional Tools for Altimmune Stock Analysis

When running Altimmune's price analysis, check to measure Altimmune's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Altimmune is operating at the current time. Most of Altimmune's value examination focuses on studying past and present price action to predict the probability of Altimmune's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Altimmune's price. Additionally, you may evaluate how the addition of Altimmune to your portfolios can decrease your overall portfolio volatility.