An Overview Of Allogene Therapeutics Inc (NASDAQ: ALLO)

In the last trading session, 1.61 million Allogene Therapeutics Inc (NASDAQ:ALLO) shares changed hands as the company’s beta touched 0.81. With the company’s per share price at $2.99 changed hands at $0.04 or 1.36% during last session, the market valuation stood at $503.16M. ALLO’s last price was a discount, traded about -271.24% off its 52-week high of $11.10. The share price had its 52-week low at $2.31, which suggests the last value was 22.74% up since then. When we look at Allogene Therapeutics Inc’s average trading volume, we note the 10-day average is 2.85 million shares, with the 3-month average coming to 1.70 million.

Analysts gave the Allogene Therapeutics Inc (ALLO) stock a consensus recommendation rating of a Buy, calculated at a mean rating of 1.44. If we narrow down to specifics, the data shows that 0 out of 16 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 3 recommended ALLO as a Hold, 12 felt it is a Buy and 0 rated the stock as Underweight. Allogene Therapeutics Inc’s EPS for the current quarter is expected to be -$0.46.

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Allogene Therapeutics Inc (NASDAQ:ALLO) trade information

Instantly ALLO was in green as seen at the end of in last trading. With action 23.55%, the performance over the past five days has been green. The jump to weekly highs of 3.12 on Monday, 11/20/23 added 1.36% to the stock’s daily price. The company’s shares are showing year-to-date downside of -52.46%, with the 5-day performance at 23.55% in the green. However, in the 30-day time frame, Allogene Therapeutics Inc (NASDAQ:ALLO) is -0.33% down. Looking at the short shares, we see there were 34.03 million shares sold at short interest cover period of 26.82 days.

The consensus price target for the stock as assigned by Wall Street analysts is $13.23, meaning bulls need an upside of 77.4% from its current market value. According to analyst projections, ALLO’s forecast low is $4.50 with $35.00 as the target high. To hit the forecast high, the stock’s price needs a -1070.57% plunge from its current level, while the stock would need to soar -50.5% for it to hit the projected low.

Allogene Therapeutics Inc (ALLO) estimates and forecasts

Data shows that the Allogene Therapeutics Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -50.90% over the past 6 months, a 9.05% in annual growth rate that is considerably lower than the industry average of 14.90%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for Allogene Therapeutics Inc will rise 30.30%, while the growth in revenue is estimated to hit 30.90% for the next quarter. Year-over-year growth is forecast to reach -54.70% down from the last financial year.

Consensus estimates given by 14 financial analysts project the company’s revenue in the current quarter to hit an average of $20k. 8 analysts are of the opinion that Allogene Therapeutics Inc’s revenue for the quarter ending Mar 2024 will be $10k. The company’s revenue for the corresponding quarters a year ago was $47k and $52k respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -57.40%. The estimates for the next quarter sales put growth at -80.80%.

The 2023 estimates are for Allogene Therapeutics Inc earnings to increase by 13.33%, but the outlook for the next 5-year period is at 1.00% per year.

ALLO Dividends

Allogene Therapeutics Inc is expected to release its next quarterly earnings report on November 02.

Allogene Therapeutics Inc (NASDAQ:ALLO)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 29.43% of Allogene Therapeutics Inc shares while 98.58% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 139.71%. There are 98.58% institutions holding the Allogene Therapeutics Inc stock share, with FMR, LLC the top institutional holder. As of Jun 29, 2023, the company held 14.87% of the shares, roughly 24.92 million ALLO shares worth $123.84 million.

TPG GP A, LLC holds the second largest percentage of outstanding shares, with 11.17% or 18.72 million shares worth $93.02 million as of Jun 29, 2023.

Among Mutual Funds, the top two as of Aug 30, 2023 were SPDR (R) Ser Tr-SPDR (R) S&P (R) Biotech ETF and Fidelity Select Portfolios – Health Care. With 6.43 million shares estimated at $25.03 million under it, the former controlled 3.84% of total outstanding shares. On the other hand, Fidelity Select Portfolios – Health Care held about 2.39% of the shares, roughly 4.0 million shares worth around $15.56 million.

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