Allogene Therapeutics Inc (NASDAQ:ALLO) has a beta value of 0.83 and has seen 1.31 million shares traded in the last trading session. The company, currently valued at $549.96M, closed the last trade at $2.63 per share which meant it lost -$0.02 on the day or -0.75% during that session. The ALLO stock price is -119.77% off its 52-week high price of $5.78 and 23.57% above the 52-week low of $2.01. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.74 million shares traded. The 3-month trading volume is 2.07 million shares.
The consensus among analysts is that Allogene Therapeutics Inc (ALLO) is Buy stock at the moment, with a recommendation rating of 1.61. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 6 have rated it as a Hold, with 6 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.32.
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Allogene Therapeutics Inc (NASDAQ:ALLO) trade information
Sporting -0.75% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the ALLO stock price touched $2.63 or saw a rise of 5.4%. Year-to-date, Allogene Therapeutics Inc shares have moved -18.07%, while the 5-day performance has seen it change 1.94%. Over the past 30 days, the shares of Allogene Therapeutics Inc (NASDAQ:ALLO) have changed -11.15%. Short interest in the company has seen 38.51 million shares shorted with days to cover at 19.57.
Wall Street analysts have a consensus price target for the stock at $33.5, which means that the shares’ value could jump 92.15% from current levels. The projected low price target is $7.0 while the price target rests at a high of $55.0. In that case, then, we find that the current price level is -1991.25% off the targeted high while a plunge would see the stock gain -166.16% from current levels.
Allogene Therapeutics Inc (ALLO) estimates and forecasts
Figures show that Allogene Therapeutics Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -25.92% over the past 6 months, with this year growth rate of 29.85%, compared to 17.40% for the industry. Revenue growth from the last financial year stood is estimated to be -36.80%.
14 analysts offering their estimates for the company have set an average revenue estimate of 10k for the current quarter. 14 have an estimated revenue figure of 10k for the next ending quarter.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 22.18% over the past 5 years. Earnings growth for 2024 is a modest 32.39% while over the next 5 years, the company’s earnings are expected to increase by 1.00%.
ALLO Dividends
Allogene Therapeutics Inc is expected to release its next earnings report in November this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Allogene Therapeutics Inc (NASDAQ:ALLO)’s Major holders
Insiders own 17.48% of the company shares, while shares held by institutions stand at 80.61% with a share float percentage of 97.68%. Investors are also buoyed by the number of investors in a company, with Allogene Therapeutics Inc having a total of 242.0 institutions that hold shares in the company. The top two institutional holders are FMR LLC with over 31.26 million shares worth more than $72.83 million. As of 2024-06-30, FMR LLC held 18.4816% of shares outstanding.
The other major institutional holder is TPG GP A, LLC, with the holding of over 18.72 million shares as of 2024-06-30. The firm’s total holdings are worth over $43.61 million and represent 11.0663% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Smallcap World Fund and SPDR (R) Ser Tr-SPDR (R) S&P (R) Biotech ETF . As of Jun 30, 2024 , the former fund manager holds about 3.30% shares in the company for having 6.9 shares of worth $18.14 million while later fund manager owns 4.54 shares of worth $11.93 million as of Aug 31, 2024 , which makes it owner of about 2.17% of company’s outstanding stock.
