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NASDAQ:ALMS

Alumis (ALMS) Stock Price, News & Analysis

Alumis logo
$9.46 +0.02 (+0.21%)
(As of 11/22/2024 ET)

About Alumis Stock (NASDAQ:ALMS)

Key Stats

Today's Range
$9.09
$9.72
50-Day Range
$8.64
$12.98
52-Week Range
$8.23
$13.53
Volume
120,490 shs
Average Volume
151,428 shs
Market Capitalization
$446.70 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$26.83
Consensus Rating
Buy

Company Overview

Our mission is to significantly improve the lives of patients by replacing broad immunosuppression with targeted therapies. Our name, Alumis, captures our mission to enlighten immunology, and is inspired by the words "allumer"-French for illuminate-and "immunis"-Latin for the immune system. We are a clinical stage biopharmaceutical company with an initial focus on developing our two Tyrosine Kinase 2 (TYK2) inhibitors: ESK-001, a second-generation inhibitor that we are developing to maximize target inhibition and optimize tolerability, and A-005, a central nervous system (CNS) penetrant molecule. ESK-001 has demonstrated significant therapeutic effect in our Phase 2 program in patients with PsO, which we define as moderate-to-severe plaque psoriasis (PsO), and is currently being evaluated in an additional Phase 2 clinical trial in patients with systemic lupus erythematosus (SLE), for which we expect to report results in 2026. With the favorable results in our Phase 2 clinical trial in PsO, we intend to initiate multiple Phase 3 clinical trials of ESK-001 in the second half of 2024 in this indication. TYK2 genetic mutations are associated with a strong protective effect in multiple sclerosis, motivating us to develop our second product candidate, A-005, as a CNS-penetrant, allosteric TYK2 inhibitor for neuroinflammatory and neurodegenerative diseases. In April 2024, we initiated our Phase 1 program of A-005 in healthy volunteers and expect to report initial results by the end of 2024. We utilize our proprietary precision data analytics platform, biological insights and team of experienced research and development experts to deepen our understanding of disease pathologies, accelerate research and development and increase the probability of clinical success. Our collective insights informed our selection of TYK2 as the target for our two lead programs. Beyond TYK2, our proprietary precision data analytics platform and drug discovery expertise have led to the identification of additional preclinical programs that exemplify our precision approach. We recognize that patients living with immune-mediated diseases need alternatives to currently available therapies. Despite recent advances and innovations in the treatment of immune-mediated diseases, many patients continue to suffer, cycling through currently approved therapies while looking for a solution that alleviates the debilitating impact of their disease without life-limiting side effects. Addressing the needs of these patients is why we exist. We are pioneering a precision approach that leverages insights derived from powerful data analytics to select the right target, right molecule, right indication, right patient, right endpoint and right combination to dramatically improve patient outcomes. We believe that combining our insights with an integrated approach to drug development will produce the next generation of treatments to address immune dysfunction. We were founded in January 2021 as a Delaware corporation under the name FL2021-001, Inc. We changed our name to Esker Therapeutics, Inc. in March 2021, and subsequently to Alumis Inc. in January 2022. Our principal executive offices are located at 280 East Grand Avenue, South San Francisco, California.

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ALMS Stock News Headlines

Buffett Dumps $982 Million in BofA Stock—What Does He Know?
Buffett's been eerily quiet about his reasons, but his actions speak volumes. When someone with his track record starts pulling out of the market, it's time to pay attention.
What is HC Wainwright's Forecast for Alumis FY2024 Earnings?
Leerink Partnrs Issues Negative Outlook for Alumis Earnings
HC Wainwright Cuts Alumis (NASDAQ:ALMS) Price Target to $26.00
See More Headlines

ALMS Stock Analysis - Frequently Asked Questions

Alumis' stock was trading at $12.37 at the beginning of 2024. Since then, ALMS stock has decreased by 23.5% and is now trading at $9.46.
View the best growth stocks for 2024 here
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Alumis (ALMS) raised $210 million in an initial public offering (IPO) on Friday, June 28th 2024. The company issued 13,125,000 shares at $16.00 per share.

Alumis' lock-up period expires on Wednesday, December 25th. Alumis had issued 13,125,000 shares in its initial public offering on June 28th. The total size of the offering was $210,000,000 based on an initial share price of $16.00. After the end of Alumis' lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Alumis' top institutional investors include Samsara BioCapital LLC (6.92%), Ally Bridge Group NY LLC (0.89%), Towerview LLC (0.80%) and Geode Capital Management LLC (0.65%).

Shares of ALMS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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Based on aggregate information from My MarketBeat watchlists, some other companies that Alumis investors own include Comstock (LODE), Ashford Hospitality Trust (AHT), Artificial Intelligence Technology Solutions (AITX), Allakos (ALLK), BioXcel Therapeutics (BTAI), Clearside Biomedical (CLSD) and Delcath Systems (DCTH).

Company Calendar

Today
11/23/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Medical
Industry
Pharmaceutical preparations
Sub-Industry
Pharmaceutical Products
Current Symbol
NASDAQ:ALMS
Previous Symbol
NASDAQ:ALMS
Web
N/A
Fax
N/A
Employees
N/A
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$26.83
High Stock Price Target
$36.00
Low Stock Price Target
$13.00
Potential Upside/Downside
+183.7%
Consensus Rating
Buy
Rating Score (0-4)
3.25
Research Coverage
8 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
N/A
Book Value
$7.38 per share

Miscellaneous

Free Float
N/A
Market Cap
$446.70 million
Optionable
N/A
Beta
N/A
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This page (NASDAQ:ALMS) was last updated on 11/23/2024 by MarketBeat.com Staff
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