Alpha Compute (ALP)


Market Price (11/5/2026): $3.23 | Market Cap: $5.0 MilSector: Financials | Industry: Asset Management & Custody Banks

Alpha Compute (ALP)


Market Price (11/5/2026): $3.23
Market Cap: $5.0 Mil
Sector: Financials
Industry: Asset Management & Custody Banks

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -1979%

Megatrend and thematic drivers
Megatrends include Artificial Intelligence. Themes include AI Chips, AI Software Platforms, and Data Centers & Infrastructure.

Weak multi-year price returns
2Y Excs Rtn is -129%, 3Y Excs Rtn is -181%

Very low revenue
Rev LTMTotal Revenue or Sales, Last Twelve Months is 0

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -12 Mil

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -23269%

High stock price volatility
Vol 12M is 146%

Significant short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 347%

Key risks
ALP key risks include [1] the potential failure of its early-stage product candidates to complete clinical trials and gain regulatory approval, Show more.

0 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -1979%
1 Megatrend and thematic drivers
Megatrends include Artificial Intelligence. Themes include AI Chips, AI Software Platforms, and Data Centers & Infrastructure.
2 Weak multi-year price returns
2Y Excs Rtn is -129%, 3Y Excs Rtn is -181%
3 Very low revenue
Rev LTMTotal Revenue or Sales, Last Twelve Months is 0
4 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -12 Mil
5 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -23269%
6 High stock price volatility
Vol 12M is 146%
7 Significant short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 347%
8 Key risks
ALP key risks include [1] the potential failure of its early-stage product candidates to complete clinical trials and gain regulatory approval, Show more.

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

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Updated on 11/2/2026

Alpha Compute (ALP) stock has lost about 65% since 7/31/2026 because of the following key factors:

1. Alpha Compute reported a substantial net loss of $38.6 million for the fiscal year ended March 31, 2026, significantly wider than the $6.8 million loss in the prior year, with over half attributed to one-time charges from its legacy biotech and digital assets businesses. The company's ongoing pivot to an AI infrastructure model, focusing on GPU-as-a-Service and confidential computing, likely introduced investor uncertainty during this transitional period.

2. The company faced delisting concerns from Nasdaq after receiving a notification on August 31, 2026, for failing to maintain a minimum bid price of $1.00 per share. Although Alpha Compute later announced regaining full compliance with Nasdaq listing rules on September 25, 2026, the initial non-compliance and the uncertainty surrounding its listing status negatively impacted investor confidence during the specified period.

Show more
Updated on 11/2/2026

Alpha Compute (ALP) stock has lost about 65% since 7/31/2026 because of the following key factors:

1. Alpha Compute reported a substantial net loss of $38.6 million for the fiscal year ended March 31, 2026, significantly wider than the $6.8 million loss in the prior year, with over half attributed to one-time charges from its legacy biotech and digital assets businesses. The company's ongoing pivot to an AI infrastructure model, focusing on GPU-as-a-Service and confidential computing, likely introduced investor uncertainty during this transitional period.

2. The company faced delisting concerns from Nasdaq after receiving a notification on August 31, 2026, for failing to maintain a minimum bid price of $1.00 per share. Although Alpha Compute later announced regaining full compliance with Nasdaq listing rules on September 25, 2026, the initial non-compliance and the uncertainty surrounding its listing status negatively impacted investor confidence during the specified period.

3. Alpha Compute consistently reported negative earnings per share (EPS), with the last reported quarter reflecting an EPS of -$5.00. For the fiscal year ended March 31, 2026, the trailing twelve months (TTM) EPS stood at -208.83, indicating persistent unprofitability. While the -$5.00 EPS for the latest quarter met analyst estimates, the continued lack of positive earnings contributed to the stock's decline.

4. The broader technology sector experienced a challenging macroeconomic environment during fiscal Q2 2027 (July to September 2026), characterized by significant restructuring. This included rising layoffs, with approximately 53,000 employees affected in fiscal Q1 2026 and 60,000 in fiscal Q2 2026 across the sector, alongside a sharp decline in private equity and venture capital investments to $301 million in fiscal Q3 2026. These industry-wide headwinds compounded Alpha Compute's company-specific challenges.

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Stock Movement Drivers

Fundamental Drivers

The -66.6% change in ALP stock from 7/31/2026 to 11/4/2026 was primarily driven by a 0.0% change in the company's Shares Outstanding (Mil).
(LTM values as of)731202611042026Change
Stock Price ($)9.813.28-66.6%
Change Contribution By: 
Total Revenues ($ Mil)000.0%
P/S Multiple∞∞0.0%
Shares Outstanding (Mil)000.0%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2026 to 11/4/2026
ReturnCorrelation
ALP-66.6% 
Market (SPY)2.6%6.6%
Sector (XLF)4.0%-10.1%

Fundamental Drivers

The -72.3% change in ALP stock from 4/30/2026 to 11/4/2026 was primarily driven by a 0.0% change in the company's Shares Outstanding (Mil).
(LTM values as of)430202611042026Change
Stock Price ($)11.823.28-72.3%
Change Contribution By: 
Total Revenues ($ Mil)000.0%
P/S Multiple∞∞0.0%
Shares Outstanding (Mil)000.0%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2026 to 11/4/2026
ReturnCorrelation
ALP-72.3% 
Market (SPY)7.0%14.6%
Sector (XLF)14.0%-0.8%

Fundamental Drivers

The -98.7% change in ALP stock from 10/31/2025 to 11/4/2026 was primarily driven by a -57.1% change in the company's Shares Outstanding (Mil).
(LTM values as of)1031202511042026Change
Stock Price ($)257.003.28-98.7%
Change Contribution By: 
Total Revenues ($ Mil)000.0%
P/S Multiple∞∞0.0%
Shares Outstanding (Mil)00-57.1%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 11/4/2026
ReturnCorrelation
ALP-98.7% 
Market (SPY)13.4%12.1%
Sector (XLF)14.4%0.8%

Fundamental Drivers

The -99.8% change in ALP stock from 10/31/2023 to 11/4/2026 was primarily driven by a -58.2% change in the company's Shares Outstanding (Mil).
(LTM values as of)1031202311042026Change
Stock Price ($)1970.003.28-99.8%
Change Contribution By: 
Total Revenues ($ Mil)000.0%
P/S Multiple∞∞0.0%
Shares Outstanding (Mil)00-58.2%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2023 to 11/4/2026
ReturnCorrelation
ALP-99.8% 
Market (SPY)89.7%9.6%
Sector (XLF)91.0%5.2%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
ALP Return-45%-51%-66%-86%-88%-89%-100%
Peers Return52%-31%92%61%33%4%344%
S&P 500 Return27%-19%24%23%16%11%102%

Monthly Win Rates [3]
ALP Win Rate50%17%33%25%42%18% 
Peers Win Rate65%33%72%70%55%49% 
S&P 500 Win Rate75%42%67%75%67%36% 

Max Drawdowns [4]
ALP Max Drawdown-75%-63%-85%-94%-95%-95% 
Peers Max Drawdown-15%-42%-17%-20%-28%-27% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: MSFT, AMZN, GOOGL, NVDA, IBM.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 11/4/2026 (YTD)

How Low Can It Go

EventALPS&P 500
2025 US Tariff Shock
  % Loss-14.0%-18.8%
  % Gain to Breakeven16.2%23.1%
  Time to Breakeven17 days79 days
2024 Yen Carry Trade Unwind
  % Loss-36.6%-7.8%
  % Gain to Breakeven57.8%8.5%
  Time to Breakeven1 days18 days
2020 COVID-19 Crash
  % Loss-32.0%-33.7%
  % Gain to Breakeven47.1%50.9%
  Time to Breakeven25 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-20.0%-19.2%
  % Gain to Breakeven25.0%23.8%
  Time to Breakeven16 days105 days
2016-2017 Trump Reflation Bond Selloff
  % Loss-11.5%-3.7%
  % Gain to Breakeven13.0%3.9%
  Time to Breakeven7 days6 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-55.6%-12.2%
  % Gain to Breakeven125.0%13.9%
  Time to Breakeven373 days62 days

Compare to MSFT, AMZN, GOOGL, NVDA, IBM

In The Past

Alpha Compute's stock fell -14.0% during the 2025 US Tariff Shock. Such a loss loss requires a 16.2% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventALPS&P 500
2024 Yen Carry Trade Unwind
  % Loss-36.6%-7.8%
  % Gain to Breakeven57.8%8.5%
  Time to Breakeven1 days18 days
2020 COVID-19 Crash
  % Loss-32.0%-33.7%
  % Gain to Breakeven47.1%50.9%
  Time to Breakeven25 days140 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-55.6%-12.2%
  % Gain to Breakeven125.0%13.9%
  Time to Breakeven373 days62 days
2014-2016 Oil Price Collapse
  % Loss-94.4%-6.8%
  % Gain to Breakeven1687.5%7.3%
  Time to Breakeven156 days15 days
2013 Taper Tantrum
  % Loss-71.3%-0.2%
  % Gain to Breakeven248.3%0.2%
  Time to Breakeven451 days1 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-25.0%-17.9%
  % Gain to Breakeven33.3%21.8%
  Time to Breakeven425 days123 days
2010 Eurozone Sovereign Debt Crisis / Flash Crash
  % Loss-37.1%-15.4%
  % Gain to Breakeven59.1%18.2%
  Time to Breakeven1045 days125 days
2008-2009 Global Financial Crisis
  % Loss-83.3%-53.4%
  % Gain to Breakeven500.0%114.4%
  Time to Breakeven83 days1085 days
Summer 2007 Credit Crunch
  % Loss-45.0%-8.6%
  % Gain to Breakeven81.8%9.5%
  Time to Breakeven943 days47 days

Compare to MSFT, AMZN, GOOGL, NVDA, IBM

In The Past

Alpha Compute's stock fell -14.0% during the 2025 US Tariff Shock. Such a loss loss requires a 16.2% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Alpha Compute (ALP)

Portage Biotech Inc., together with its subsidiaries, researches and develops pharmaceutical and biotechnology products. The company's product includes IMM60, an iNKT cell activator; IMM65, a PLGA-nanoparticle combined with a NY-ESO-1 peptide vaccine; INT230-6 that is in Phase I/II clinical trials for the treatment of solid tumors; STING, a small molecule that binds to the stimulator of interferon genes in cancer; CellPorter, a cell permeable peptide platform technology derived from human proteins; PPL-003, an ophthalmic solution; and SBI-101, a blood-conditioning technology to restore balance to the immune system after acute vital organ injury, such as acute kidney injury. It also focuses on nanolipogel technology for use in immune-oncology; and antibodies against a novel T-cell for use as a monotherapy and combination therapy for solid and haematological malignancies. In addition, the company develops antibodies implicated in the inflammatory tumor and tumor-infiltrating immune cell microenvironments; and FOXO4-P53 modulator and C-RAF inhibitor. Portage Biotech Inc. is based in Tortola, British Virgin Islands.

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Brittany Kaiser, Chief Executive Officer
Brittany Kaiser is a serial entrepreneur and activist, recognized globally for her expertise in technology and legislative reform. She has advised governments, companies, and campaigns on policy and strategy throughout her career. Notably, Ms. Kaiser is a former business development director and whistleblower for Cambridge Analytica, subsequently focusing on ethical technology through education and legislative advocacy. She is a co-founder and President of the Own Your Data Foundation and has guided three companies to public listing on Nasdaq, including Gryphon Digital Mining (now American Bitcoin). She is also the best-selling author of "Targeted" and the primary subject of the Netflix documentary "The Great Hack."

Wes Levitt, Chief Financial Officer
Wes Levitt oversees Alpha Compute Corp.'s finance, accounting, and capital markets operations, a role he assumed in October 2025 during the company's prior iteration as AlphaTON Capital. Previously, Mr. Levitt served as Co-CIO at Alpha Sigma Capital Advisors, where he was responsible for investment strategy, asset allocation, and portfolio oversight for a prominent blockchain industry fund. He also held the position of Head of Strategy at Theta Labs, where he directed global corporate strategy, marketing, analytics, and token infrastructure initiatives. His experience includes serving as Chief Financial Officer for a special-purpose acquisition company (SPAC).

Enzo Villani, Executive Chairman & Chief Investment Officer
Enzo Villani serves as Executive Chairman and Chief Investment Officer for Alpha Compute Corp. He played a significant role in developing the core firmware for Telegram's Cocoon AI launch and in securing hardware-level encryption capabilities for the company. Mr. Villani emphasizes Alpha Compute's strategic position as a specialized and scalable AI compute company, aiming to lead in the rapidly evolving AI infrastructure market.

Yury Mitin, Chief Business Development Officer
Yury Mitin is the Chief Business Development Officer of Alpha Compute Corp. He was part of the leadership team when the company, then AlphaTON Capital, focused on developing the TON digital asset treasury strategy within the Telegram ecosystem.

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  1. Clinical Development and Regulatory Approval Risk: Portage Biotech Inc. is primarily a research and development company with its product candidates, such as INT230-6, in early-stage clinical trials (Phase I/II). The biotechnology drug development process is inherently uncertain, lengthy, and expensive, with a high rate of failure at each clinical trial stage due to issues with efficacy, safety, or unforeseen complications. There is no guarantee that any of the company's product candidates will successfully complete clinical trials or receive the necessary regulatory approvals (e.g., from the FDA or EMA). Failure to successfully advance product candidates through clinical development or to obtain regulatory approvals would severely impact the company's ability to generate revenue and its overall business viability.
  2. Funding and Liquidity Risk: As a biotechnology company focused on research and development without currently marketed products generating substantial revenue, Portage Biotech Inc. is expected to incur significant operating expenses for its R&D activities and clinical trials. The company will require substantial additional capital to continue funding its development programs and to pursue potential commercialization. The ability to raise this capital through equity financing, debt, or strategic partnerships will depend on various factors, including the progress of its pipeline, market conditions, and investor confidence. There is a risk that adequate funding may not be available on favorable terms or at all, which could force the company to delay, scale back, or abandon its development efforts.
  3. Intellectual Property Risk: The success and value of Portage Biotech Inc. are heavily dependent on its ability to obtain, maintain, and protect its proprietary technologies, drug candidates, and discoveries through patents and other intellectual property rights. There is a risk that the company's patent applications may not be granted, that existing patents may be challenged, invalidated, or circumvented by competitors, or that they may not provide adequate protection against competitive products or technologies. Intellectual property disputes or the inability to effectively protect its intellectual property could significantly undermine the company's competitive position, diminish its asset value, and negatively affect its future prospects.

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Peer Outperformance in Asset Management & Custody Banks

ALP has trailed 99% of its 84 Asset Management & Custody Banks peers over 5Y. Asset Management & Custody Banks ranks 11th of 18 industries in Financials by median 5Y return. The sector’s gains have largely come from elsewhere.
Share of Asset Management & Custody Banks constituents that ALP has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
0%
of 102 industry peers · -98.6% return
3Y
1%
of 92 industry peers · -99.8% return
5Y
1%
of 84 industry peers · -100.0% return
No Asset Management & Custody Banks peer with a comparable growth profile has beaten ALP by more than 20pp over 5Y.
Median price return by industry across the Financials sector, ranked by 5Y. Asset Management & Custody Banks is ALP's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Reinsurance 6 35.5%75.2%130.3% SPNT 170% · RNR 149% · RGA 146%
Investment Banking & Brokerage 13 1.8%95.7%99.6% IBKR 329% · SNEX 173% · GS 157%
Diversified Banks 12 34.2%147.9%96.6% CM 152% · JPM 137% · RY 136%
Multi-Sector Holdings 4 10.9%62.5%86.0% BRK-B 101% · VOYA 71% · JEF 44%
Life & Health Insurance 20 12.7%56.2%79.1% JXN 536% · UNM 233% · MFC 202%
Property & Casualty Insurance 42 23.5%76.1%70.7% TRV 188% · PGR 177% · ACGL 176%
Multi-line Insurance 9 9.6%68.6%58.3% GNW 115% · AIZ 104% · L 100%
Regional Banks 264 34.6%91.5%51.6% CBC 273% · FCNCA 183% · NIC 143%
Financial Exchanges & Data 15 20.6%40.7%36.8% CBOE 178% · VIRT 125% · CME 72%
Insurance Brokers 15 5.9%14.3%32.4% LIFE 337% · ARX 89% · AJG 89%
Asset Management & Custody Banks ← 85 -4.4%22.2%12.7% VCTR 270% · WT 220% · AAMI 208%
Consumer Finance 30 8.6%85.4%9.8% ENVA 391% · FCFS 139% · AXP 105%
Commercial & Residential Mortgage Finance 14 -47.8%26.0%4.2% FNMA 349% · FMCC 316% · ACT 157%
Diversified Financial Services 4 2.0%22.6%3.3% FRHC 166% · EQH 80%
Specialized Finance 3 16.0%34.5%-18.0% HASI -18% · CACC -28%
Transaction & Payment Processing Services 17 21.7%25.4%-23.2% V 117% · MA 107% · CPAY 73%
Mortgage REITs 35 -17.6%-5.3%-32.0% RITM 38% · DX 20% · AGNC 12%
Diversified Capital Markets 20 -39.8%6.3%-65.5% LPLA 87% · TW 39% · RIOT -53%
Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

ALPMSFTAMZNGOOGLNVDAIBMMedian
NameAlpha Co.MicrosoftAmazon.c.Alphabet NVIDIA Internat. 
Mkt Price3.27556.48270.93292.73196.84255.95263.44
Mkt Cap0.04,132.42,925.23,587.74,761.6241.73,256.5
Rev LTM0346,445797,455471,098302,96969,870324,707
Op Inc LTM-12163,191104,366156,976197,57912,808130,671
FCF LTM-59,957-46,89219,747127,00614,01819,747
FCF 3Y Avg-70,2122,20749,70781,93812,58749,707
CFO LTM-195,878168,300179,551134,36015,831168,300
CFO 3Y Avg-155,021137,232145,35986,68614,297137,232

Growth & Margins

ALPMSFTAMZNGOOGLNVDAIBMMedian
NameAlpha Co.MicrosoftAmazon.c.Alphabet NVIDIA Internat. 
Rev Chg LTM-17.9%15.4%22.2%83.4%6.8%17.9%
Rev Chg 3Y Avg-16.6%12.9%16.7%116.5%4.5%16.6%
Rev Chg Q-18.8%12.1%24.7%105.9%4.7%18.8%
QoQ Delta Rev Chg LTM-4.4%2.8%5.7%19.5%1.1%4.4%
Op Inc Chg LTM35.9%20.0%37.0%26.5%105.9%10.9%31.2%
Op Inc Chg 3Y Avg13.6%20.2%64.1%26.0%206.3%11.5%23.1%
Op Mgn LTM-47.1%13.1%33.3%65.2%18.3%33.3%
Op Mgn 3Y Avg-46.0%11.3%32.1%61.7%17.2%32.1%
QoQ Delta Op Mgn LTM-0.3%1.0%0.2%1.2%-0.1%0.3%
CFO/Rev LTM-56.5%21.1%38.1%44.3%22.7%38.1%
CFO/Rev 3Y Avg-51.5%19.4%36.1%47.2%21.7%36.1%
FCF/Rev LTM-17.3%-5.9%4.2%41.9%20.1%17.3%
FCF/Rev 3Y Avg-24.1%0.9%13.2%44.7%19.1%19.1%

Valuation

ALPMSFTAMZNGOOGLNVDAIBMMedian
NameAlpha Co.MicrosoftAmazon.c.Alphabet NVIDIA Internat. 
Mkt Cap0.04,132.42,925.23,587.74,761.6241.73,256.5
P/S-11.93.77.615.73.57.6
P/Op Inc-0.025.328.022.924.118.923.5
P/EBIT0.022.916.412.320.719.417.9
P/E-0.029.021.715.224.721.621.7
P/CFO-21.117.420.035.415.320.0
Total Yield-23,263.4%4.1%4.7%7.0%4.1%7.3%4.4%
Dividend Yield0.0%0.7%0.0%0.3%0.1%2.6%0.2%
FCF Yield 3Y Avg-2.0%0.3%1.9%2.0%5.7%2.0%
D/E0.00.00.10.00.00.30.0
Net D/E-19.9-0.00.1-0.0-0.00.2-0.0

Returns

ALPMSFTAMZNGOOGLNVDAIBMMedian
NameAlpha Co.MicrosoftAmazon.c.Alphabet NVIDIA Internat. 
1M Rtn-25.5%6.0%7.8%-15.5%-17.6%15.5%-4.8%
3M Rtn-64.5%14.4%-0.6%-19.2%-10.1%9.3%-5.4%
6M Rtn-75.8%35.0%-1.5%-26.4%-5.1%15.0%-3.3%
12M Rtn-98.6%9.1%8.7%5.7%-0.7%-12.7%2.5%
3Y Rtn-99.8%61.4%95.5%128.9%338.7%89.8%92.6%
1M Excs Rtn-15.5%8.3%9.0%-12.6%-14.6%18.9%-2.1%
3M Excs Rtn-62.3%13.4%1.4%-16.3%-8.2%12.3%-3.4%
6M Excs Rtn-78.5%32.2%-4.3%-29.2%-7.8%12.3%-6.0%
12M Excs Rtn-109.1%-2.0%-4.0%-7.2%-14.9%-24.4%-11.0%
3Y Excs Rtn-181.2%-12.9%21.0%54.7%299.3%14.7%17.8%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20262025202420022001
Digital & Compute0    
Immuno-Oncology000  
Business Services   3876
Product Development    96
Total00038172


Operating Income by Segment
$ Mil20262025202420212003
Immuno-Oncology-7-7-18  
Digital & Compute-16    
Single Segment   -12 
Product Development    -61
Total-23-7-18-12-61


Net Income by Segment
$ Mil202620252024
Immuno-Oncology-10-7-75
Digital & Compute-29  
Total-39-7-75


Assets by Segment
$ Mil20252024202320222021
Single Segment2899195175
Total2899195175


Price Behavior

Price Behavior
Market Price$3.28 
Market Cap ($ Bil)0.0 
First Trading Date01/03/2007 
Distance from 52W High-98.6% 
   50 Days200 Days
DMA Price$4.64$13.42
DMA Trenddowndown
Distance from DMA-29.4%-75.6%
 3M1YR
Volatility128.7%146.3%
Downside Capture381.35408.11
Upside Capture-245.33-153.05
Correlation (S&P 500)5.9%12.0%
ALP Betas & Captures as of 10/31/2026

 1M2M3M6M1Y3Y
Beta1.700.680.711.701.381.43
Up Beta-0.60-4.43-1.603.862.381.82
Down Beta3.024.713.681.760.751.05
Up Capture-199%-268%-172%-39%-54%0%
Bmk +ve Days12182862130427
Stock +ve Days515255197321
Down Capture345%353%324%221%186%113%
Bmk -ve Days10253664121325
Stock -ve Days16263773151421

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with ALP
ALP-98.1%143.9%-2.03-
Sector ETF (XLF)15.0%15.0%0.710.1%
Equity (SPY)13.2%12.9%0.6811.4%
Gold (GLD)1.0%28.8%0.037.8%
Commodities (DBC)35.9%21.2%1.34-0.8%
Real Estate (VNQ)14.3%14.1%0.70-9.7%
Bitcoin (BTCUSD)-28.2%43.4%-0.6515.1%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with ALP
ALP-81.1%184.9%-0.22-
Sector ETF (XLF)10.0%18.3%0.407.2%
Equity (SPY)12.5%17.2%0.5510.5%
Gold (GLD)17.3%19.1%0.734.5%
Commodities (DBC)8.0%19.6%0.293.4%
Real Estate (VNQ)1.8%18.9%-0.018.9%
Bitcoin (BTCUSD)5.5%51.5%0.298.9%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with ALP
ALP-55.2%26,858.8%0.32-
Sector ETF (XLF)13.7%22.1%0.560.1%
Equity (SPY)15.4%18.0%0.730.7%
Gold (GLD)11.9%16.5%0.590.1%
Commodities (DBC)7.4%18.1%0.33-0.2%
Real Estate (VNQ)5.7%20.7%0.230.8%
Bitcoin (BTCUSD)61.0%66.2%1.010.0%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date10152026
Short Interest: Shares Quantity0.2 Mil
Short Interest: % Change Since 930202661.2%
Average Daily Volume0.3 Mil
Days-to-Cover Short Interest1
Basic Shares Quantity0.1 Mil
Short % of Basic Shares347.2%

Earnings Returns History

Updated 6/2/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
SUMMARY STATS   
# Positive000
# Negative000
Median Positive   
Median Negative   
Max Positive   
Max Negative   
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
SUMMARY STATS   
# Positive000
# Negative000
Median Positive   
Median Negative   
Max Positive   
Max Negative   

SEC Filings

Expand for More
Report DateFiling DateFiling
03/31/202607/16/202620-F
09/30/202501/13/20266-K
03/31/202507/25/202520-F
09/30/202411/26/20246-K
06/30/202408/27/20246-K
03/31/202408/14/202420-F
12/31/202302/28/20246-K
09/30/202311/28/20236-K
06/30/202308/30/20236-K
03/31/202307/31/202320-F
12/31/202203/01/20236-K
09/30/202211/29/20226-K
06/30/202208/29/20226-K
03/31/202208/01/202220-F
12/31/202102/25/20226-K
09/30/202111/23/20216-K
Collapse to Preview
Report DateFiling DateFiling
03/31/202607/16/202620-F
09/30/202501/13/20266-K
03/31/202507/25/202520-F
09/30/202411/26/20246-K
06/30/202408/27/20246-K
03/31/202408/14/202420-F
12/31/202302/28/20246-K
09/30/202311/28/20236-K
06/30/202308/30/20236-K
03/31/202307/31/202320-F
12/31/202203/01/20236-K
09/30/202211/29/20226-K
06/30/202208/29/20226-K
03/31/202208/01/202220-F
12/31/202102/25/20226-K
09/30/202111/23/20216-K
06/30/202108/30/20216-K
03/31/202107/29/202120-F
12/31/202003/01/20216-K
09/30/202012/01/20206-K
06/30/202010/16/20206-K
03/31/202008/18/202020-F
12/31/201903/03/20206-K
09/30/201912/31/20196-K
06/30/201912/31/20196-K
03/31/201912/30/201920-F
09/30/201811/21/20186-K
06/30/201808/28/20186-K

Insider Activity

Updated 10/13/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Villani, FiorenzoSee RemarksDirectBuy101320263.805,15019,570205,337Form
2Mitin, YurySee RemarksBy: Red Sharks VenturesBuy100520264.299,00038,61054,299Form
3Mitin, YurySee RemarksBy: Red Sharks VenturesSell100520264.153931,63150,896Form
4Mitin, YurySee RemarksBy: Red Sharks VenturesBuy100520263.523,65712,87312,873Form
5Villani, FiorenzoSee RemarksDirectBuy92320264.4010,00044,047215,328Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Villani, FiorenzoSee RemarksDirectBuy101320263.805,15019,570205,337Form
2Mitin, YurySee RemarksBy: Red Sharks VenturesBuy100520264.299,00038,61054,299Form
3Mitin, YurySee RemarksBy: Red Sharks VenturesSell100520264.153931,63150,896Form
4Mitin, YurySee RemarksBy: Red Sharks VenturesBuy100520263.523,65712,87312,873Form
5Villani, FiorenzoSee RemarksDirectBuy92320264.4010,00044,047215,328Form
6Villani, FiorenzoSee RemarksDirectBuy91720264.054,26517,273157,488Form
7Villani, FiorenzoSee RemarksDirectBuy91720264.0710,38242,263140,854Form
8Villani, FiorenzoSee RemarksAlpha Sigma Capital Advisors, LLCBuy91720264.157,90032,81149,495Form
9Villani, FiorenzoSee RemarksDirectBuy91720264.162,0008,320100,751Form
10Villani, FiorenzoSee RemarksAlpha Sigma Capital Advisors, LLCBuy91720264.162,0008,32016,711Form
11Villani, FiorenzoSee RemarksDirectBuy91420265.077,00035,455112,539Form
12Kaiser, BrittanyChief Executive OfficerDirectBuy91420265.359,35049,99789,653Form
13Levitt, Wesley AllenChief Financial OfficerDirectBuy91120265.101,0005,0965,096Form
Core Cache Last Updated: 11/4/2026