AleAnna (NASDAQ:ANNA) Trading Up 2.8% – Time to Buy?

AleAnna Inc. (NASDAQ:ANNA) rose 2.8% on Tuesday . The company traded as high as $3.42 and last traded at $3.34. Approximately 4,045 shares changed hands during trading, an increase of 15% from the average daily volume of 3,519 shares. The stock had previously closed at $3.25.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of AleAnna in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

AleAnna Stock Performance

The stock has a market cap of $222.61 million, a PE ratio of -66.80 and a beta of -0.01. The company has a fifty day moving average price of $4.04 and a 200 day moving average price of $6.29. The company has a quick ratio of 8.26, a current ratio of 8.26 and a debt-to-equity ratio of 0.03.

AleAnna (NASDAQ:ANNA) last announced its quarterly earnings results on Thursday, August 14th. The company reported $0.01 EPS for the quarter. The company had revenue of $4.03 million during the quarter.

Hedge Funds Weigh In On AleAnna

A number of hedge funds have recently modified their holdings of ANNA. Goldman Sachs Group Inc. purchased a new position in shares of AleAnna in the first quarter valued at about $94,000. NewGen Equity Long Short Fund purchased a new position in AleAnna during the 2nd quarter valued at about $204,000. Finally, Keel Point LLC purchased a new position in AleAnna during the 2nd quarter valued at about $79,000. Hedge funds and other institutional investors own 38.10% of the company’s stock.

AleAnna Company Profile

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.