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AleAnna (NASDAQ:ANNA) Shares Gap Up - Time to Buy?

AleAnna logo with Medical background

AleAnna Inc. (NASDAQ:ANNA - Get Free Report) shares gapped up prior to trading on Tuesday . The stock had previously closed at $7.20, but opened at $7.62. AleAnna shares last traded at $7.62, with a volume of 4,199 shares.

AleAnna Price Performance

The company has a debt-to-equity ratio of 0.03, a current ratio of 13.55 and a quick ratio of 13.55. The business has a 50-day moving average of $9.59.

AleAnna (NASDAQ:ANNA - Get Free Report) last released its earnings results on Thursday, May 15th. The company reported ($0.05) earnings per share for the quarter.

Institutional Investors Weigh In On AleAnna

A number of institutional investors have recently added to or reduced their stakes in ANNA. Decagon Asset Management LLP acquired a new stake in AleAnna in the fourth quarter worth approximately $3,390,000. Finepoint Capital LP bought a new position in shares of AleAnna in the fourth quarter valued at $197,000. NewGen Asset Management Ltd bought a new position in shares of AleAnna in the fourth quarter valued at $192,000. Farallon Capital Management LLC bought a new position in shares of AleAnna in the fourth quarter valued at $532,000. Finally, Polar Asset Management Partners Inc. bought a new position in shares of AleAnna in the fourth quarter valued at $481,000. 38.10% of the stock is currently owned by institutional investors and hedge funds.

About AleAnna

(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.

Further Reading

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