In the last trading session, 1.08 million shares of the Allakos Inc. (NASDAQ:ALLK) were traded, and its beta was 0.97. Most recently the company’s share price was $3.09, and it changed around $0.12 or 4.04% from the last close, which brings the market valuation of the company to $148.17M. ALLK currently trades at a discount to its 52-week high of $112.87, offering almost -3552.75% off that amount. The share price’s 52-week low was $2.54, which indicates that the current value has risen by an impressive 17.8% since then. We note from Allakos Inc.’s average daily trading volume that its 10-day average is 1.15 million shares, with the 3-month average coming to 1.00 million.
Allakos Inc. stock received a consensus recommendation rating of a Hold, based on a mean score of 3.00. If we narrow it down even further, the data shows that 1 out of 9 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 5 recommended ALLK as a Hold, whereas 2 deemed it a Buy, and 1 rated it as Underweight. Allakos Inc. is expected to report earnings per share of -$0.91 for the current quarter.
Allakos Inc. (NASDAQ:ALLK) trade information
Instantly ALLK has showed a green trend with a performance of 4.04% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 3.20 on Tuesday, 06/21/22 increased the stock’s daily price by 3.44%. The company’s shares are currently down -68.44% year-to-date, but still up 9.57% over the last five days. On the other hand, Allakos Inc. (NASDAQ:ALLK) is 2.32% up in the 30-day period. We can see from the shorts that 5.09 million shares have been sold at a short interest cover period of 6.44 day(s).
The consensus price target as assigned by Wall Street analysts is $8.06, which translates to bulls needing to increase their stock price by 61.66% from its current value. Analyst projections state that ALLK is forecast to be at a low of $2.50 and a high of $20.00. In order for the stock price to hit the forecast high, the stock would need to plunge -547.25% from its current level, while the stock would need to crash 19.09% from its current level to reach the projected low.
Allakos Inc. (ALLK) estimates and forecasts
Allakos Inc. share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -96.25 percent over the past six months and at a -13.37% annual growth rate that is well below the industry average of 0.60%. Moreover, analysts have decided to roll up on their fiscal year 2022 revenue estimates. The rating firms predict that it will gain 15.00% in revenue this quarter, and will report an increase of 31.00% in the next quarter.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -64.00%. Allakos Inc. earnings are expected to increase by -61.70% in 2022, but the outlook is negative -10.50% per year for the next five years.
Allakos Inc.’s next quarterly earnings report is expected to be released around February 28 and March 04.
Allakos Inc. (NASDAQ:ALLK)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 6.74% of Allakos Inc. shares, and 77.61% of them are in the hands of institutional investors. The stock currently has a share float of 83.23%. Allakos Inc. stock is held by 205 institutions, with Rivervest Venture Management LLC being the largest institutional investor. By Mar 30, 2022, it held 8.92% of the shares, which is about 4.89 million shares worth $27.86 million.
Vanguard Group, Inc. (The), with 6.38% or 3.49 million shares worth $34.21 million as of Dec 30, 2021, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund were the top two Mutual Funds as of Dec 30, 2021. The former held 1.09 million shares worth $10.63 million, making up 1.98% of all outstanding shares. On the other hand, Vanguard Small-Cap Index Fund held roughly 0.95 million shares worth around $9.35 million, which represents about 1.74% of the total shares outstanding.