Stock of the Day

July 3, 2020

Altimmune (ALT)

$3.11
$0.00 (0.0%)
Market Cap: $604.95M

About Altimmune

Altimmune, Inc., a clinical stage biopharmaceutical company, focuses on developing treatments for obesity and liver diseases. The company's lead product candidate, pemvidutide, a GLP-1/glucagon dual receptor agonist that is in Phase 2 trial for the treatment of obesity and metabolic dysfunction-associated steatohepatitis. It is also developing HepTcell, an immunotherapeutic product candidate, which is in Phase 2 clinical trial for patients chronically infected with the hepatitis B virus. The company was formerly known as Vaxin Inc. and changed its name to Altimmune, Inc. in September 2015. Altimmune, Inc. was founded in 1997 is headquartered in Gaithersburg, Maryland.

Today's Trend

Altimmune, Inc. (NASDAQ: ALT) shares remain under pressure and near their 52-week low as investors weigh improved financial forecasts against a lengthy, cash-intensive clinical development path.

  • HC Wainwright raised its “Buy” outlook and earnings estimates. The firm improved its EPS forecasts across 2026-2030, including narrowing projected losses for 2026 to $0.56 per share from $0.63 and for 2030 to $0.15 from $0.32. The revisions suggest better anticipated cost control and operating performance, although Altimmune is still expected to remain unprofitable. MarketBeat analyst estimates
  • Altimmune has advanced pemvidutide into Phase III testing for MASH. Supportive mid-stage results and regulatory guidance provide a clearer development path for the company’s lead candidate, with pivotal data expected in 2029. Success could create significant value in the metabolic-disease market. Altimmune's Phase III MASH Study Puts 2029 Data in Investor Focus
  • A stronger cash position supports ongoing programs. Altimmune can fund development of pemvidutide in MASH, alcohol-associated liver disease and alcohol use disorder for longer, reducing near-term liquidity concerns. Is Altimmune Worth Buying as Cash Rises but Execution Risks Linger?
  • The key catalyst is several years away. The 2029 MASH readout gives investors a potentially important milestone, but it also leaves substantial time for clinical, regulatory and financing developments to affect the investment case.
  • Execution and funding risks remain substantial. Altimmune continues to post large losses, faces competition in obesity and liver-disease therapies, and may need additional capital before reaching commercialization. These concerns may be outweighing the more favorable analyst estimates and pipeline progress in the near term.

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