Allarity Therapeutics Inc (NASDAQ: ALLR) : Investors Should Not Dump ALLR Stock In 2024

In the latest trading session,, 1.41 million Allarity Therapeutics Inc (NASDAQ:ALLR) shares changed hands as the company’s beta touched 0.29. With the company’s most recent per share price at $0.13 changed hands at -$0.01 or -10.85% at last look, the market valuation stands at $5.43M. ALLR’s current price is a discount, trading about -18207.69% off its 52-week high of $23.80. The share price had its 52-week low at $0.14, which suggests the last value was -7.69% down since then. When we look at Allarity Therapeutics Inc’s average trading volume, we note the 10-day average is 2.01 million shares, with the 3-month average coming to 5.71 million.

Analysts gave the Allarity Therapeutics Inc (ALLR) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended ALLR as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Allarity Therapeutics Inc’s EPS for the current quarter is expected to be -0.28.

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Allarity Therapeutics Inc (NASDAQ:ALLR) trade information

Instantly ALLR was in red as seen in intraday trades today. With action -23.46%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -98.84%, with the 5-day performance at -23.46% in the red. However, in the 30-day time frame, Allarity Therapeutics Inc (NASDAQ:ALLR) is -13.38% down. Looking at the short shares, we see there were 0.3 million shares sold at short interest cover period of 0.03 days.

Allarity Therapeutics Inc (ALLR) estimates and forecasts

Data shows that the Allarity Therapeutics Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -98.40% over the past 6 months, a 98.73% in annual growth rate that is considerably higher than the industry average of 17.60%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 57.56%.