ALTI Stock Summary and Trading Ideas (Alti Global - Class A | NASDAQ:ALTI)

AlTi Global Inc is an independent wealth and asset manager providing entrepreneurs, multi-generational families, institutions, and emerging next-generation leaders with fiduciary capabilities as well as alternative investment strategies and advisory services. The firm has business which is organized into two business segments that includes Wealth Management and Strategic Alternatives. Wealth Management includes providing holistic solutions for their wealth management clients through their comprehensive range of wealth management services, including investment management and advisory services. Strategic Alternatives segment, it assists their investors with alternative investments and co-investments by providing access to highly differentiated opportunities in these areas.

Alti Global - Class A trades on the NASDAQ stock market under the symbol ALTI.

As of April 19, 2024, ALTI stock price declined to $4.53 with 73,083 million shares trading.

ALTI has a beta of 2.32, meaning it tends to be more sensitive to market movements. ALTI has a correlation of 0.08 to the broad based SPY ETF.

ALTI has a market cap of $321.92 million. This is considered a Small Cap stock.

The top ETF exchange traded funds that ALTI belongs to (by Net Assets): VTI, IWM, VXF, IWO, SCHA.

ALTI has underperformed the market in the last year with a price return of -50.2% while the SPY ETF gained +21.0%. ALTI has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -26.6% and -11.7%, respectively, while the SPY returned +4.1% and -3.6%, respectively.

ALTI support price is $4.36 and resistance is $4.90 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ALTI stock will trade within this expected range on the day.