AleAnna's (ANNA) "Sell (E+)" Rating Reiterated at Weiss Ratings

Key Points

• AleAnna's stock (NASDAQ:ANNA) has received a continued "sell (E+)" rating from Weiss Ratings, signaling a lack of confidence in its performance.
• The company's shares traded at approximately $4.16, with a market cap of $277.26 million and significant fluctuations indicated by a 12-month high of $18.70 and low of $4.01.
• Recent institutional investments include new stakes from NewGen Equity Long Short Fund and Goldman Sachs, reflecting interest from hedge funds, which own about 38.10% of the stock.

AleAnna (NASDAQ:ANNA - Get Free Report)'s stock had its "sell (e+)" rating restated by research analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

AleAnna Stock Performance

Shares of NASDAQ ANNA traded up $0.07 during mid-day trading on Wednesday, hitting $4.16. The company had a trading volume of 2,119 shares, compared to its average volume of 16,423. The firm has a market cap of $277.26 million, a P/E ratio of -208.00 and a beta of 0.02. The business's 50-day simple moving average is $4.36 and its 200-day simple moving average is $7.19. The company has a debt-to-equity ratio of 0.03, a current ratio of 8.26 and a quick ratio of 8.26. AleAnna has a 12 month low of $4.01 and a 12 month high of $18.70.

AleAnna (NASDAQ:ANNA - Get Free Report) last announced its quarterly earnings data on Thursday, August 14th. The company reported $0.01 earnings per share (EPS) for the quarter. The business had revenue of $4.03 million during the quarter.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in ANNA. NewGen Equity Long Short Fund purchased a new stake in AleAnna during the 2nd quarter valued at about $204,000. Goldman Sachs Group Inc. purchased a new position in AleAnna during the first quarter worth $94,000. Finally, Keel Point LLC bought a new stake in shares of AleAnna during the second quarter worth $79,000. 38.10% of the stock is owned by hedge funds and other institutional investors.

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.

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