Stocks of Alumis Inc (NASDAQ:ALMS) traded higher last session on Wall Street, up 23.00% to $4.92.
ALMS stock price is now -11.25% away from the 50-day moving average and -48.11% away from the 200-day moving average. The market capitalization of the company currently stands at $267.68M.
With the price target of $32, Oppenheimer recently initiated with Outperform rating for Alumis Inc (NASDAQ: ALMS). On October 31, 2024, Robert W. Baird recently initiated its ‘Outperform’ rating on the stock quoting a target price of $25, while ‘H.C. Wainwright’ rates the stock as ‘Buy’
In other news, Foresite Labs, LLC, 10% Owner bought 2,500,000 shares of the company’s stock on Jul 01 ’24. The stock was bought for $40,000,000 at an average price of $16.00. Upon completion of the transaction, the 10% Owner now directly owns 5,584,889 shares in the company, valued at $27.48 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 01 ’24, 10% Owner Foresite Capital Management V, bought 2,500,000 shares of the business’s stock. A total of $40,000,000 was incurred on buying the stock at an average price of $16.00. This leaves the insider owning 5,584,889 shares of the company worth $27.48 million. A total of 53.59% of the company’s stock is owned by insiders.
During the past 12 months, Alumis Inc has had a low of $3.18 and a high of $13.53. As of last week, the company has a debt-to-equity ratio of 0.12, a current ratio of 6.01, and a quick ratio of 6.01.
