Allego NV (NYSE:ALLG)’s traded shares stood at 9.97 million during the last session, with the company’s beta value hitting 0.49. At the close of trading, the stock’s price was $1.45, to imply an increase of 9.02% or $0.12 in intraday trading. The ALLG share’s 52-week high remains $3.88, putting it -167.59% down since that peak but still an impressive 60.69% since price per share fell to its 52-week low of $0.57. The company has a valuation of $387.41M, with an average of 2.11 million shares in intraday trading volume over the past 10 days and average of 239.33K shares over the past 3 months.
Allego NV (NYSE:ALLG) trade information
After registering a 9.02% upside in the last session, Allego NV (ALLG) has traded red over the past five days. The stock hit a weekly high of 2.1100, jumping 9.02% in its intraday price action. The 5-day price performance for the stock is 69.67%, and 45.00% over 30 days. With these gigs, the year-to-date price performance is 7.41%. Short interest in Allego NV (NYSE:ALLG) saw shorts transact 0.27 million shares and set a 4.64 days time to cover.
Allego NV (ALLG) estimates and forecasts
Revenue is forecast to grow 75.00% this quarter before falling -20.00% for the next one. The rating firms project that company’s revenue will grow 38.50% compared to the previous financial year.
Revenue forecast for the current quarter as set by 2 analysts is $83.79 million. Meanwhile, for the quarter ending Mar 2024, a total of 2 analyst(s) estimate revenue growth to $68.99 million.Earnings reports from the last fiscal year show that sales brought in $60.89 million and $38.8 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 37.60% before jumping 77.80% in the following quarter.
ALLG Dividends
Allego NV has its next earnings report out in April. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Allego NV has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
Allego NV (NYSE:ALLG)’s Major holders
Allego NV insiders hold 15.16% of total outstanding shares, with institutional holders owning 81.91% of the shares at 96.55% float percentage. In total, 81.91% institutions holds shares in the company, led by Apollo Management Holdings, L.P.. As of Jun 29, 2023, the company held over 18.71 million shares (or 7.00% of shares), all amounting to roughly $51.44 million.
The next major institution holding the largest number of shares is Palantir Technologies Inc. with 1.17 million shares, or about 0.44% of shares outstanding. As of the market price on Jun 29, 2023, these shares were worth $3.21 million.
Going by data provided on Sep 29, 2023, First Trust Nasdaq (R) Clean Edge (R) Green Energy Index Fund holds roughly 1.4 million shares. This is just over 0.52% of the total shares, with a market valuation of $3.1 million
