Aileron Therapeutics Inc (NASDAQ:ALRN) saw unusually-strong trading volume on Tuesday . Approximately 1,375,894 shares were traded during mid-day trading, an increase of 348% from the previous session’s volume of 306,796 shares.The stock last traded at $2.12 and had previously closed at $1.40.

Several analysts have recently commented on ALRN shares. HC Wainwright started coverage on Aileron Therapeutics in a research note on Monday. They issued a “buy” rating and a $7.00 price objective for the company. ValuEngine downgraded Aileron Therapeutics from a “buy” rating to a “hold” rating in a research note on Thursday, January 24th. Finally, Zacks Investment Research raised Aileron Therapeutics from a “hold” rating to a “buy” rating and set a $0.75 target price for the company in a report on Thursday, December 27th.

The firm has a market cap of $27.73 million, a PE ratio of -1.08 and a beta of 3.18. The company has a debt-to-equity ratio of 0.19, a current ratio of 4.23 and a quick ratio of 4.23.

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc grew its holdings in shares of Aileron Therapeutics by 8.0% in the third quarter. Vanguard Group Inc now owns 96,415 shares of the company’s stock valued at $265,000 after acquiring an additional 7,109 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of Aileron Therapeutics in the third quarter valued at approximately $137,000. Bridgeway Capital Management Inc. grew its holdings in shares of Aileron Therapeutics by 78.6% in the third quarter. Bridgeway Capital Management Inc. now owns 113,600 shares of the company’s stock valued at $312,000 after acquiring an additional 50,000 shares in the last quarter. Finally, Parkwood LLC bought a new position in shares of Aileron Therapeutics in the third quarter valued at approximately $149,000. 9.16% of the stock is owned by institutional investors.

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About Aileron Therapeutics (NASDAQ:ALRN)

Aileron Therapeutics, Inc, a clinical-stage biopharmaceutical company, focuses on developing and commercializing a novel class of therapeutics in the United States. The company's lead product candidate is ALRN-6924, a stapled peptide, which is in Phase I clinical trial for the treatment of advanced solid tumors or lymphomas; Phase IIa clinical trial to treat peripheral T-cell lymphoma; Phase I clinical trial for the treatment of acute myeloid leukemia (AML) and advanced myelodysplastic syndrome (MDS); and Phase IIb trial to treat AML/MDS in combination with cytosine arabinoside.

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