AlTi Global (NASDAQ:ALTI) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

AlTi Global, Inc. (NASDAQ:ALTI) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $3.91 and traded as high as $4.08. AlTi Global shares last traded at $3.82, with a volume of 89,749 shares traded.

Wall Street Analyst Weigh In

ALTI has been the subject of several recent research reports. Weiss Ratings restated a “sell (d-)” rating on shares of AlTi Global in a research report on Wednesday, October 8th. Zacks Research raised shares of AlTi Global from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce”.

AlTi Global Stock Performance

The stock has a market cap of $560.21 million, a P/E ratio of -2.11 and a beta of 0.77. The firm’s fifty day simple moving average is $3.79 and its 200-day simple moving average is $3.91.

AlTi Global (NASDAQ:ALTI) last posted its quarterly earnings data on Thursday, April 20th. The basic materials company reported ($0.11) EPS for the quarter. AlTi Global had a negative net margin of 71.93% and a negative return on equity of 6.77%. The firm had revenue of ($18.58) million during the quarter. Analysts predict that AlTi Global, Inc. will post -0.14 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Yorkville Advisors Global LP acquired a new position in shares of AlTi Global in the 3rd quarter valued at about $1,593,000. Millennium Management LLC bought a new stake in AlTi Global in the third quarter worth approximately $91,000. Citadel Advisors LLC acquired a new position in AlTi Global in the third quarter valued at approximately $126,000. Brevan Howard Capital Management LP lifted its stake in AlTi Global by 42.5% in the third quarter. Brevan Howard Capital Management LP now owns 39,327 shares of the basic materials company’s stock valued at $138,000 after buying an additional 11,727 shares during the period. Finally, Bank of America Corp DE boosted its holdings in shares of AlTi Global by 28.2% during the 3rd quarter. Bank of America Corp DE now owns 31,553 shares of the basic materials company’s stock worth $112,000 after buying an additional 6,938 shares in the last quarter. 3.57% of the stock is owned by institutional investors.

AlTi Global Company Profile

AlTi Global, Inc provides wealth and asset management services individuals, families, foundations, and institutions in the United States, the United Kingdom, and internationally. It operates through two segments, Wealth Management and Strategic Alternatives. The company offers discretionary investment management, non-discretionary investment advisory, and investment management and advisory services.