AleAnna (NASDAQ:ANNA) Posts Earnings Results

AleAnna (NASDAQ:ANNA) posted its earnings results on Wednesday. The company reported $0.08 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $11.22 million for the quarter.

AleAnna Stock Up 9.5%

NASDAQ ANNA opened at $3.45 on Thursday. The business has a fifty day moving average price of $3.94 and a 200 day moving average price of $5.97. The company has a debt-to-equity ratio of 0.03, a quick ratio of 8.26 and a current ratio of 8.26. The company has a market cap of $229.96 million, a P/E ratio of -69.00 and a beta of -0.01. AleAnna has a one year low of $3.10 and a one year high of $18.70.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Keel Point LLC acquired a new stake in AleAnna during the second quarter worth $79,000. Goldman Sachs Group Inc. acquired a new stake in shares of AleAnna during the 1st quarter worth about $94,000. NewGen Equity Long Short Fund purchased a new stake in AleAnna in the 2nd quarter valued at about $204,000. Finally, Carlson Capital L.P. purchased a new position in AleAnna during the third quarter worth about $362,000. Institutional investors and hedge funds 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.