Allakos Inc (NASDAQ:ALLK): Buy, Sell Or Hold At $1.89?

In last trading session, Allakos Inc (NASDAQ:ALLK) saw 0.63 million shares changing hands with its beta currently measuring 0.58. Company’s recent per share price level of $1.89 trading at $0.1 or 5.59% at ring of the bell on the day assigns it a market valuation of $165.34M. That closing price of ALLK’s stock is at a discount of -361.9% from its 52-week high price of $8.73 and is indicating a premium of 21.69% from its 52-week low price of $1.48. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.6 million shares which gives us an average trading volume of 1.06 million if we extend that period to 3-months.

For Allakos Inc (ALLK), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 2.25. Splitting up the data highlights that, out of 8 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 4 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.5 in the current quarter.

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Allakos Inc (NASDAQ:ALLK) trade information

Upright in the green during last session for gaining 5.59%, in the last five days ALLK remained trading in the green while hitting it’s week-highest on Wednesday, 11/15/23 when the stock touched $1.89 price level, adding 8.25% to its value on the day. Allakos Inc’s shares saw a change of -77.55% in year-to-date performance and have moved 5.59% in past 5-day. Allakos Inc (NASDAQ:ALLK) showed a performance of -0.53% in past 30-days. Number of shares sold short was 3.95 million shares which calculate 4.34 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $10.10 to the stock, which implies a rise of 81.29% to its current value. Analysts have been projecting $1.50 as a low price target for the stock while placing it at a high target of $22.00. It follows that stock’s current price would drop -1064.02% in reaching the projected high whereas dropping to the targeted low would mean a gain of 20.63% for stock’s current value.

Allakos Inc (ALLK) estimates and forecasts

Statistics highlight that Allakos Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -61.43% of value to its shares in past 6 months, showing an annual growth rate of 63.04% while that of industry is 14.80. Apart from that, the company came raising its revenue forecast for fiscal year 2023.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -55.32% during past 5 years. In 2023, company’s earnings growth rate is likely to be around 62.32% while estimates for its earnings growth in next 5 years are of 26.70%.

ALLK Dividends

Allakos Inc is more likely to be releasing its next quarterly report between November 09 and November 10 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Allakos Inc (NASDAQ:ALLK)’s Major holders

Insiders are in possession of 4.35% of company’s total shares while institution are holding 89.56 percent of that, with stock having share float percentage of 93.62%. Investors also watch the number of corporate investors in a company very closely, which is 89.56% institutions for Allakos Inc that are currently holding shares of the company. BVF Inc. is the top institutional holder at ALLK for having 8.65 million shares of worth $37.72 million. And as of Jun 29, 2023, it was holding 9.95% of the company’s outstanding shares.

The second largest institutional holder is NEA Management Company, LLC, which was holding about 6.15 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 7.07% of outstanding shares, having a total worth of $26.8 million.

On the other hand, SPDR (R) Ser Tr-SPDR (R) S&P (R) Biotech ETF and Price (T.Rowe) New Horizons Fund are the top two Mutual Funds which own company’s shares. As of Aug 30, 2023, the former fund manager was holding 2.98 million shares of worth $8.57 million or 3.42% of the total outstanding shares. The later fund manager was in possession of 2.1 million shares on Jun 29, 2023, making its stake of worth around $9.15 million in the company or a holder of 2.41% of company’s stock.

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