Positioning no disclosures inside 60 days, left as found
Options put/call open interest 0.98, read 2026-10-28
Ethical does not pass the values gate
Price2.04 USD
Ethical score10.0/100
RatingAVOID
Our investment reviews on this name
2026-10-02Read Markdown3.27-37.6% to today ✓Accumulation gives way to Markdown after a 21% rise in 13 weeks
2026-07-02Read Accumulation2.71-24.7% to today First review on file: Accumulation
Our analytic regime reads on this name, dated and marked against the screened price. Small sample per name, and separate from the daily-framework accuracy on the Track Record page.
Altimmune, Inc. holds its Markdown at $2.04. Consolidating, no directional conviction, held for 72 days.
As held on the ledger · 2026-10-27
Phase
Markdown · caution
Quantitative state
Consolidating, no directional conviction, held for 72 days
Price at the screen
$2.04
Valuation
0.00 trailing · -2.25 forward price to earnings
Values screen
FAIL· score 10.0
Beta
0.17
The Workings
Five Screens, Shown in Full
Does not pass. Cash ratio
Test
Figure
Limit
What it means
Status
Business activity
Permissible
Core business clean
Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending.
Pass
Debt load
6.17%
Below 33%
Interest-bearing debt is just 6.2% of its assets, well under the one-third ceiling: it does not run on borrowed money.
Pass
Interest-bearing cash
47.29%
Below 33%
Interest-bearing cash and securities are 47.3% of assets, above the one-third limit.
Fail
Receivables
0.00%
Below 49%
Money owed to the company is 0.0% of assets, under the 49% limit.
Pass
Revenue purity
18,392.68%
Below 5%
18,392.7% of revenue comes from non-compliant sources, over the 5% line.
Fail
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
The Ethical Read
Why It Falls Short, in Plain English
Altimmune,'s business is fine, but its cash and interest-bearing securities are about 47% of its assets, well over the ~33% line, so it does not pass on the financial screens.
Read as at 2026-10-28. It updates when the underlying figures move, and past reads are kept below.
Follow this verdict
Get an email when ALT's ethical verdict changes
Today ALT does not pass the screen. If new figures move it to a pass, we send you one short email with the before and after. Verdicts change rarely, so you may not hear from us for a long time.
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Third-party analyst targets: 8 covering, consensus Buy. The average target sits +801% from the screen price.
Reading the gap · Our more conservative model reads it as fully-to-richly valued here, while the Street is more bullish: a quality-at-a-fair-price name rather than a deep-value one.
Price History & Projections
Where it has been, where the models see it going. History from market close data; projection points are our fair-value estimates and third-party analyst targets, dated to the 2026-10-27 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
Why it gives us pause
At -2.3x forward earnings, the price already runs ahead of the business.
The risks · The things to watch: it's a small-cap, so the share price can swing harder than the market; as a biotechnology name, trial and regulatory outcomes can move it sharply either way.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
ALT trades on Nasdaq. As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The Dated Journal · Newest First, Never Edited
Every Entry, As Written
2026-10-29Markdown$2.04-13.6%Entry 12
The analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 13.6% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it D. Technically it is sitting below its long-term trend line with momentum reading oversold. Over the past year the shares are down 61%. Our forward projection puts the odds of a 10% gain over the next month near 27%. The street (9 analysts) rates it buy, with a mean price target of $16. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-26Markdown$2.36+0.0%Entry 11
The analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it D. Technically it is sitting below its long-term trend line with momentum reading oversold. Over the past year the shares are down 61%. Our forward projection puts the odds of a 10% gain over the next month near 27%. The street (9 analysts) rates it buy, with a mean price target of $16.
2026-10-19Markdown$2.36-9.6%Entry 10
The analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 9.6% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it D. Technically it is sitting below its long-term trend line with momentum reading oversold. Over the past year the shares are down 61%. Our forward projection puts the odds of a 10% gain over the next month near 27%. The street (9 analysts) rates it buy, with a mean price target of $16.
2026-10-12Markdown$2.61-20.2%Entry 9
The analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 20.2% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it D. Technically it is momentum reading neutral. Over the past year the shares are down 61%. Our forward projection puts the odds of a 10% gain over the next month near 27%. The street (9 analysts) rates it buy, with a mean price target of $16.
2026-10-02Markdown · changed$3.27+20.7%Entry 8
The framework has shifted from accumulation to markdown since the last review. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved up 20.7% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it D. Technically it is momentum reading neutral. Over the past year the shares are down 61%. Our forward projection puts the odds of a 10% gain over the next month near 27%. The street (9 analysts) rates it buy, with a mean price target of $16.
2026-09-21Accumulation$2.71+0.0%Entry 7
Our analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it D. Technically it is momentum reading neutral. Over the past year the shares are down 61%. Our forward projection puts the odds of a 10% gain over the next month near 27%. The street (9 analysts) rates it buy, with a mean price target of $16.
2026-08-21Accumulation$2.71+0.0%Entry 6
Our analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it D. Technically it is momentum reading neutral. Over the past year the shares are down 61%. Our forward projection puts the odds of a 10% gain over the next month near 27%. The street (9 analysts) rates it buy, with a mean price target of $16.
2026-07-21Accumulation$2.71+0.0%Entry 5
Our analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it D. Technically it is momentum reading neutral. Over the past year the shares are down 61%. Our forward projection puts the odds of a 10% gain over the next month near 27%. The street (9 analysts) rates it buy, with a mean price target of $16.
2026-07-18Accumulation$2.71+0.0%Entry 4
Our analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it D. Technically it is momentum reading neutral. Over the past year the shares are down 61%. Our forward projection puts the odds of a 10% gain over the next month near 27%. The street (9 analysts) rates it buy, with a mean price target of $16.
2026-07-17Accumulation$2.71+0.0%Entry 3
Our analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it D. Technically it is momentum reading neutral. Over the past year the shares are down 61%. Our forward projection puts the odds of a 10% gain over the next month near 27%. The street (9 analysts) rates it buy, with a mean price target of $16.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.