Allakos Inc. (NASDAQ:ALLK) has seen 0.3 million shares traded in the last trading session. The company, currently valued at $5.12B, closed the last trade at $97.09 per share which meant it gained $2.25 on the day or 2.37% during that session. The ALLK stock price is -62.72% off its 52-week high price of $157.98 and 22.33% above the 52-week low of $75.41. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.24 million shares traded. The 3-month trading volume is 273.76K shares.
The consensus among analysts is that Allakos Inc. (ALLK) is an Overweight stock at the moment, with a recommendation rating of 2.20. 2 analysts rate the stock as a Sell, while 0 rate it as Overweight. 2 out of 12 have rated it as a Hold, with 8 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -$1.06.
Allakos Inc. (NASDAQ:ALLK) trade information
Sporting 2.37% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Friday, 09/03/21 when the ALLK stock price touched $97.09 or saw a rise of 0.17%. Year-to-date, Allakos Inc. shares have moved -30.65%, while the 5-day performance has seen it change 12.56%. Over the past 30 days, the shares of Allakos Inc. (NASDAQ:ALLK) have changed 17.53%. Short interest in the company has seen 3.88 million shares shorted with days to cover at 13.38.
Wall Street analysts have a consensus price target for the stock at $143.10, which means that the shares’ value could jump 32.15% from current levels. The projected low price target is $36.00 while the price target rests at a high of $230.00. In that case, then, we find that the current price level is -136.89% off the targeted high while a plunge would see the stock lose 62.92% from current levels.
Allakos Inc. (ALLK) estimates and forecasts
Figures show that Allakos Inc. shares have underperformed across the wider relevant industry. The company’s shares have lost -19.78% over the past 6 months, with this year growth rate of -43.55%, compared to 7.50% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are -32.50% and -30.20% for the next quarter.
Earnings growth for 2021 is a modest -64.20% while over the next 5 years, the company’s earnings are expected to decrease by -10.50%.
Allakos Inc. is expected to release its next earnings report between November 08 and November 12 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Allakos Inc. (NASDAQ:ALLK)’s Major holders
Insiders own 6.36% of the company shares, while shares held by institutions stand at 99.64% with a share float percentage of 106.41%. Investors are also buoyed by the number of investors in a company, with Allakos Inc. having a total of 252 institutions that hold shares in the company. The top two institutional holders are Capital World Investors with over 6.56 million shares worth more than $560.22 million. As of Jun 29, 2021, Capital World Investors held 12.15% of shares outstanding.
The other major institutional holder is Capital Research Global Investors, with the holding of over 5.74 million shares as of Jun 29, 2021. The firm’s total holdings are worth over $489.74 million and represent 10.62% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Growth Fund Of America Inc and Smallcap World Fund. As of Jun 29, 2021, the former fund manager holds about 8.59% shares in the company for having 4.64 million shares of worth $395.9 million while later fund manager owns 3.86 million shares of worth $443.17 million as of Mar 30, 2021, which makes it owner of about 7.15% of company’s outstanding stock.