Alten's Stock Bounces Back 2% and Regains Footing on its 50-Day Moving Average

A Technical Rebound that Leaves the Stock Below its 20 and 200-Day Moving Averages

Alten's stock has risen by 2.29% to €60.30, while the CAC 40 has increased by 1.83% and the SBF 120 by 1.79%. The stock follows the bullish trend of the Parisian market, yet remains behind the day's leaders, without reintegrating its main technical benchmarks. The 20-day moving average at €63.44 remains 5.34% above the current price, while the 200-day moving average at €65.51 is 8.33% higher. Only the 50-day moving average, at €59.71, is now surpassed, with the stock price 0.57% above it. The RSI at 41 indicates the exhaustion of selling pressure observed after last week's decline, without a clear signal of reversal. Today's rebound barely mitigates the weekly decline, which stands at -9.29% over seven days.

Valuation Compressed as the General Meeting on June 18 Approaches

Over the past year, the stock has declined by 21.09%, which affects the medium-term outlook despite stabilization observed over three months (+1.78%). According to the consensus of surveyed analysts, the stock is trading at approximately 8.3 times the expected earnings for the current fiscal year and 7.5 times those of the following year, with an estimated earnings per share growth of +10.9% year over year. This level of valuation comes in a context of monetary tightening in the eurozone, following a 25 basis point increase decided today by the ECB, which brings the deposit rate to 2.25% and increases the cost of capital for growth stocks. The next concrete appointment for shareholders remains the general meeting, scheduled for June 18, 2026. The support threshold identified at €56.50 is the low benchmark to monitor in case of renewed selling pressure.