AleAnna (NASDAQ:ANNA) Trading Up 2.8% - Time to Buy?

AleAnna Inc. (NASDAQ:ANNA - Get Free Report) rose 2.8% on Tuesday . The company traded as high as $3.42 and last traded at $3.34. Approximately 4,045 shares changed hands during trading, an increase of 15% from the average daily volume of 3,519 shares. The stock had previously closed at $3.25.Wall Street Analyst Weigh InSeparately, Weiss Ratings reissued a "sell (e+)" rating on shares of AleAnna in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of "Sell".Get Our Latest Analysis on ANNAAleAnna Stock PerformanceThe stock has a market cap of $222.61 million, a PE ratio of -66.80 and a beta of -0.01. The company has a fifty day moving average price of $4.04 and a 200 day moving average price of $6.29. The company has a quick ratio of 8.26, a current ratio of 8.26 and a debt-to-equity ratio of 0.03. AleAnna (NASDAQ:ANNA - Get Free Report) last announced its quarterly earnings results on Thursday, August 14th. The company reported $0.01 EPS for the quarter. The company had revenue of $4.03 million during the quarter. Hedge Funds Weigh In On AleAnnaA number of hedge funds have recently modified their holdings of ANNA. Goldman Sachs Group Inc. purchased a new position in shares of AleAnna in the first quarter valued at about $94,000. NewGen Equity Long Short Fund purchased a new position in AleAnna during the 2nd quarter valued at about $204,000. Finally, Keel Point LLC purchased a new position in AleAnna during the 2nd quarter valued at about $79,000. Hedge funds and other institutional investors own 38.10% of the company's stock. AleAnna Company Profile (Get Free Report)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. Further ReadingFive stocks we like better than AleAnna3 Stocks to Consider Buying in October3 Potential Scenarios to Watch for in D-Wave's Earnings ReportShort Selling - The Pros and Cons Eli Lilly Posts Stellar Q3: Long-Term Upside Is Well in PlayDividend Payout Ratio CalculatorUber Is Crushing Lyft—And It’s Not Even CloseThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in AleAnna Right Now?Before you consider AleAnna, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AleAnna wasn't on the list.While AleAnna currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here