It Seems Altimmune, Inc. (ALT) Will Go Down. Just Reaches 1 Year Low

April 23, 2018 - By Ellis Scott

The stock of Altimmune, Inc. (NASDAQ:ALT) hit a new 52-week low and has $0.60 target or 9.00 % below today’s $0.66 share price. The 6 months bearish chart indicates high risk for the $11.95 million company. The 1-year low was reported on Apr, 23 by Barchart.com. If the $0.60 price target is reached, the company will be worth $1.08 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 6.77% or $0.0479 during the last trading session, reaching $0.6601. About 236,210 shares traded. Altimmune, Inc. (NASDAQ:ALT) has declined 84.57% since April 23, 2017 and is downtrending. It has underperformed by 96.12% the S&P500.

Analysts await Altimmune, Inc. (NASDAQ:ALT) to report earnings on May, 2. They expect $-0.50 EPS, down 66.67 % or $0.20 from last year’s $-0.3 per share. After $-0.12 actual EPS reported by Altimmune, Inc. for the previous quarter, Wall Street now forecasts 316.67 % negative EPS growth.

Altimmune, Inc., a clinical stage immunotherapeutic biotechnology company, creates and develops immunotherapeutic products for treating acute respiratory infections, chronic viral infections, and cancer. The company has market cap of $11.95 million. The firm develops NasoVAX, an intranasally administered recombinant influenza vaccine that has completed Phase I clinical trials; and HepTcell, an immunotherapy for patients chronically infected with the hepatitis B virus, which is in Phase I clinical trials. It currently has negative earnings. The Company’s preclinical stage products include NasoShield, a vaccine for the prevention of anthrax disease following inhalation of pathogen spores; and Oncosyn, an immunotherapeutic for treating solid cancer indications, such as lung, colorectal, melanoma, breast, ovarian, and others.

Altimmune, Inc. (NASDAQ:ALT) Ratings Chart

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