AleAnna (NASDAQ:ANNA) Shares Down 7% – What’s Next?

AleAnna Inc. (NASDAQ:ANNAGet Free Report) fell 7% on Thursday . The company traded as low as $3.36 and last traded at $3.44. Approximately 449,267 shares changed hands during trading, an increase of 47% from the average session volume of 304,998 shares. The stock had previously closed at $3.70.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ANNA. Weiss Ratings upgraded AleAnna from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, June 12th. Wall Street Zen raised AleAnna to a “hold” rating in a research note on Saturday, April 11th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

View Our Latest Report on ANNA

AleAnna Stock Performance

The company’s 50-day moving average price is $3.13 and its 200 day moving average price is $3.62. The stock has a market capitalization of $221.96 million, a PE ratio of 23.79 and a beta of -1.63.

AleAnna (NASDAQ:ANNAGet Free Report) last announced its quarterly earnings results on Thursday, May 14th. The company reported $0.05 earnings per share (EPS) for the quarter. AleAnna had a net margin of 17.43% and a return on equity of 10.22%. The company had revenue of $9.34 million for the quarter.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Royal Bank of Canada purchased a new stake in AleAnna in the first quarter worth $242,000. Keel Point LLC purchased a new position in AleAnna during the second quarter valued at $79,000. Goldman Sachs Group Inc. bought a new stake in shares of AleAnna during the 1st quarter valued at $94,000. Wesbanco Bank Inc. bought a new stake in shares of AleAnna during the 1st quarter valued at $166,000. Finally, Carlson Capital L.P. grew its position in shares of AleAnna by 7.0% in the 4th quarter. Carlson Capital L.P. now owns 92,000 shares of the company’s stock worth $265,000 after buying an additional 6,000 shares during the period. Hedge funds and other institutional investors own 38.10% of the company’s stock.

AleAnna Company Profile

(Get Free Report)

AleAnna, Inc engages in oil and gas exploration and production activities. It focuses on Italy’s natural gas reserves and developing renewable energy solutions. The company was founded in 2007 and is headquartered in Dallas, TX.

Recommended Stories

Receive News & Ratings for AleAnna Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AleAnna and related companies with MarketBeat.com's FREE daily email newsletter.