Equities analysts expect Alpine Immune Sciences Inc (NASDAQ:ALPN) to post sales of $280,000.00 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Alpine Immune Sciences’ earnings. The lowest sales estimate is $250,000.00 and the highest is $300,000.00. The firm is expected to report its next earnings results on Monday, March 16th.
According to Zacks, analysts expect that Alpine Immune Sciences will report full-year sales of $1.03 million for the current year, with estimates ranging from $860,000.00 to $1.16 million. For the next fiscal year, analysts forecast that the firm will post sales of $1.10 million, with estimates ranging from $1.00 million to $1.20 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Alpine Immune Sciences.
Alpine Immune Sciences (NASDAQ:ALPN) last issued its earnings results on Wednesday, November 13th. The biotechnology company reported ($0.62) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.68) by $0.06. The company had revenue of $0.29 million during the quarter, compared to analyst estimates of $0.38 million.
A number of research analysts have recently commented on ALPN shares. Zacks Investment Research upgraded Alpine Immune Sciences from a “hold” rating to a “buy” rating and set a $3.25 price target for the company in a research note on Thursday, November 28th. Piper Jaffray Companies reduced their price objective on Alpine Immune Sciences to $8.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 13th. They noted that the move was a valuation call. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $9.31.
A number of hedge funds and other institutional investors have recently modified their holdings of ALPN. Renaissance Technologies LLC raised its holdings in Alpine Immune Sciences by 10.8% in the 2nd quarter. Renaissance Technologies LLC now owns 106,261 shares of the biotechnology company’s stock valued at $447,000 after buying an additional 10,400 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in Alpine Immune Sciences during the 2nd quarter worth approximately $90,000. Vanguard Group Inc. grew its holdings in Alpine Immune Sciences by 67.7% during the 2nd quarter. Vanguard Group Inc. now owns 202,582 shares of the biotechnology company’s stock worth $853,000 after acquiring an additional 81,800 shares during the last quarter. Finally, Hikari Power Ltd grew its holdings in Alpine Immune Sciences by 52.9% during the 3rd quarter. Hikari Power Ltd now owns 185,587 shares of the biotechnology company’s stock worth $735,000 after acquiring an additional 64,224 shares during the last quarter. Institutional investors and hedge funds own 46.80% of the company’s stock.
Shares of NASDAQ:ALPN traded up $0.01 during trading on Friday, hitting $3.01. 1,474 shares of the company were exchanged, compared to its average volume of 28,149. The business’s 50 day moving average is $2.89 and its 200-day moving average is $3.98. The company has a market capitalization of $55.58 million, a P/E ratio of -1.15 and a beta of 1.79. The company has a quick ratio of 3.84, a current ratio of 3.84 and a debt-to-equity ratio of 0.47. Alpine Immune Sciences has a 1-year low of $2.25 and a 1-year high of $8.24.
About Alpine Immune Sciences
Alpine Immune Sciences, Inc focuses on the discovery and development of protein-based immunotherapies for the treatment of cancer, autoimmune/inflammatory disorders, and other diseases. Its lead programs include ALPN-101, an inducible T cell costimulator (ICOS)/cluster of differentiation 28 (CD28) antagonist program for the treatment of autoimmune and inflammatory diseases; and ALPN-202, a programmed cell death protein ligand 1 (PD-L1)/cytotoxic T-lymphocyte associated protein 4 (CTLA-4) antagonist with PD-L1 dependent CD28 costimulation for the treatment of cancer.
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