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Alumis Inc. ( (ALMS) ) has shared an update.
On May 13, 2025, Alumis Inc. held a virtual special meeting where stockholders voted on proposals related to a merger with ACELYRIN, Inc. The merger involves Arrow Merger Sub, Inc., a wholly owned subsidiary of Alumis, merging with ACELYRIN, which will continue as the surviving corporation. The stockholders approved both the issuance of shares to ACELYRIN’s stockholders and the potential adjournment of the meeting to solicit more votes if needed. The merger is expected to close on May 21, 2025, pending customary closing conditions.
The most recent analyst rating on (ALMS) stock is a Buy with a $25.00 price target. To see the full list of analyst forecasts on Alumis Inc. stock, see the ALMS Stock Forecast page.
Spark’s Take on ALMS Stock
According to Spark, TipRanks’ AI Analyst, ALMS is a Neutral.
Alumis Inc. presents a challenging investment case primarily due to its poor financial performance, characterized by zero revenue, increasing losses, and negative cash flows. The technical analysis also indicates bearish trends, further weighing on the stock’s performance. Valuation metrics are unfavorable with a negative P/E ratio and no dividend yield. However, the upcoming merger with ACELYRIN, Inc. offers a potential positive shift in the company’s prospects, providing financial stability and growth through an enhanced pipeline and financial resources.
To see Spark’s full report on ALMS stock, click here.
More about Alumis Inc.
Average Trading Volume: 754,906
Technical Sentiment Signal: Strong Sell
Current Market Cap: $305.8M
For a thorough assessment of ALMS stock, go to TipRanks’ Stock Analysis page.