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$ALT Q1 '25 Earnings Results & Recap
Altimmune's Q1 '25 EPS of -$0.26 exceeded the -$0.35 estimate, while revenue remained at 0M as expected; the company anticipates positive Phase 2b trial results, but faces financial challenges despite a new $100M credit facility.Since Post
$ALT Altimmune downgraded and new PT assigned followed concerning Q1 Earnings Call.
BioRich Capital has downgraded Altimmune to a "Strong Sell" and 1-year PT of $2.69.
Factors contributing to this target include:
1) Company History and Management Business Practices.
2) Concerns Regarding Company's Financial Position.
3) Company-related Data Integrity Concerns.
4) Discontinuation of Obesity Program.
5) Uncertainty related to pending and future data readouts.
6) Company's approach and engagement with the FDA.
7) Increased and improvement in competition.
8) Long periods of data drought ahead.
9) Current SP inflated.
10) Lack of trust in company (MAJOR RED FLAG).
After thorough technical analysis, a one-year PT of $2.69 appears relevant. As this represents an ~55% decline from today's opening SP, a "Strong Sell" rating has been applied.
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$XBI
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