FY2024 EPS Estimates for Alithya Group Inc. Reduced by Analyst (NASDAQ:ALYA)

Alithya Group Inc. (NASDAQ:ALYA) – Equities research analysts at National Bank Financial lowered their FY2024 earnings per share (EPS) estimates for shares of Alithya Group in a research note issued to investors on Tuesday, November 14th. National Bank Financial analyst J. Shao now expects that the company will earn ($0.06) per share for the year, down from their previous forecast of $0.01. The consensus estimate for Alithya Group’s current full-year earnings is ($0.06) per share. National Bank Financial also issued estimates for Alithya Group’s Q4 2024 earnings at $0.00 EPS and FY2025 earnings at $0.04 EPS.

Alithya Group Stock Performance

NASDAQ:ALYA opened at $1.20 on Friday. The stock’s fifty day moving average is $1.53 and its 200 day moving average is $1.70. Alithya Group has a fifty-two week low of $1.17 and a fifty-two week high of $2.25. The firm has a market capitalization of $106.04 million, a PE ratio of -3.08 and a beta of 0.88. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.74 and a current ratio of 0.74.

Institutional Trading of Alithya Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of Montreal Can bought a new stake in shares of Alithya Group during the second quarter worth $966,000. Ancora Advisors LLC increased its stake in shares of Alithya Group by 3.6% during the first quarter. Ancora Advisors LLC now owns 2,788,780 shares of the company’s stock valued at $6,777,000 after buying an additional 95,901 shares during the period. National Bank of Canada FI increased its stake in shares of Alithya Group by 1.4% during the third quarter. National Bank of Canada FI now owns 1,986,237 shares of the company’s stock valued at $3,022,000 after buying an additional 26,675 shares during the period. Sequoia Financial Advisors LLC purchased a new position in shares of Alithya Group during the fourth quarter valued at $30,000. Finally, BlackRock Inc. purchased a new position in shares of Alithya Group during the second quarter valued at $25,000. Hedge funds and other institutional investors own 29.87% of the company’s stock.

About Alithya Group

Alithya Group Inc provides strategy and digital technology services in Canada, the United States, and Europe. The company's business strategy services include strategic consulting, digital transformation, organizational performance, and enterprise architecture services. It also provides application services, such as digital applications DevOps, legacy systems modernization, control and software engineering, cloud infrastructure, quality assurance, and automated testing; enterprise solutions comprising enterprise resource planning, corporate performance management, customer relationship management, and human capital management; and data and analytics solutions, including business intelligence, data management, artificial intelligence (AI), and machine learning, as well as internet of things.