ALT5 Sigma (NASDAQ:AIFC) Releases Quarterly Earnings Results

ALT5 Sigma (NASDAQ:AIFC) announced its quarterly earnings results on Wednesday. The company reported ($0.13) earnings per share (EPS) for the quarter, FiscalAI reports. ALT5 Sigma had a negative net margin of 4,021.65% and a negative return on equity of 51.87%. The company had revenue of $0.25 million for the quarter.

ALT5 Sigma Stock Down 7.9%

Shares of NASDAQ AIFC traded down $0.01 during mid-day trading on Thursday, hitting $0.17. 332,631 shares of the stock traded hands, compared to its average volume of 2,027,332. The company has a market cap of $24.16 million, a price-to-earnings ratio of 0.41 and a beta of 2.13. The stock has a fifty day moving average price of $0.40 and a 200-day moving average price of $0.81. ALT5 Sigma has a 52 week low of $0.16 and a 52 week high of $2.74. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.60 and a current ratio of 0.60.

Hedge Funds Weigh In On ALT5 Sigma

An institutional investor recently raised its stake in ALT5 Sigma stock. Private Advisor Group LLC grew its holdings in shares of ALT5 Sigma Corporation (NASDAQ:AIFC) by 138.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 94,857 shares of the company’s stock after buying an additional 55,000 shares during the period. Private Advisor Group LLC owned 0.08% of ALT5 Sigma worth $105,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 6.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered shares of ALT5 Sigma from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, October 9th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock currently has an average rating of “Sell”.

About ALT5 Sigma

ALT5 Sigma Corporation is a financial technology company focused on blockchain-based digital asset solutions. The company develops and operates technology intended to help businesses and institutions accept, process, trade and manage digital assets. Its offerings include ALT5 Pay, a cryptocurrency payment gateway designed to support merchant transactions and conversions between digital assets and traditional currencies, and ALT5 Prime, a digital asset trading platform serving institutional and other professional users.