AleAnna (NASDAQ:ANNA) Trading Down 2.1% – What’s Next?

AleAnna Inc. (NASDAQ:ANNAGet Free Report) dropped 2.1% during trading on Wednesday . The company traded as low as $2.80 and last traded at $2.84. 58,224 shares changed hands during mid-day trading, a decline of 79% from the average session volume of 272,956 shares. The stock had previously closed at $2.90.

Analysts Set New Price Targets

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

View Our Latest Report on ANNA

AleAnna Stock Performance

The stock has a market cap of $180.63 million, a PE ratio of 19.36 and a beta of -1.63. The company has a fifty day moving average of $3.27 and a 200-day moving average of $3.59.

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

Institutional Inflows and Outflows

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

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