In the last trading session, 9.06 million Allakos Inc (NASDAQ:ALLK) shares changed hands as the company’s beta touched 1.16. With the company’s per share price at $1.34 changed hands at $0.49 or 57.04% during last session, the market valuation stood at $119.06M. ALLK’s last price was a discount, traded about -153.73% off its 52-week high of $3.40. The share price had its 52-week low at $0.54, which suggests the last value was 59.7% up since then. When we look at Allakos Inc’s average trading volume, we note the 10-day average is 0.43 million shares, with the 3-month average coming to 361.17K.
Analysts gave the Allakos Inc (ALLK) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.71. If we narrow down to specifics, the data shows that 0 out of 4 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended ALLK as a Hold, 3 felt it is a Buy and 0 rated the stock as Underweight. Allakos Inc’s EPS for the current quarter is expected to be -0.25.
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Allakos Inc (NASDAQ:ALLK) trade information
Instantly ALLK was in green as seen at the end of in last trading. With action 112.16%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -50.92%, with the 5-day performance at 112.16% in the green. However, in the 30-day time frame, Allakos Inc (NASDAQ:ALLK) is 146.41% up. Looking at the short shares, we see there were 1.99 million shares sold at short interest cover period of 5.71 days.
The consensus price target for the stock as assigned by Wall Street analysts is 109.5, meaning bulls need an upside of 98.78% from its current market value. According to analyst projections, ALLK’s forecast low is 1 with 218 as the target high. To hit the forecast high, the stock’s price needs a -16168.66% plunge from its current level, while the stock would need to tank 25.37% for it to hit the projected low.
Allakos Inc (ALLK) estimates and forecasts
Data shows that the Allakos 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 27.62% over the past 6 months, a 28.50% in annual growth rate that is considerably higher than the industry average of 17.20%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 0.51%. The 2024 estimates are for Allakos Inc earnings to increase by 28.05%, but the outlook for the next 5-year period is at 26.70% per year.
ALLK Dividends
Allakos Inc is expected to release its next quarterly earnings report in November.
Allakos Inc (NASDAQ:ALLK)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 2.33% of Allakos Inc shares while 88.08% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 90.18%. There are 88.08% institutions holding the Allakos Inc stock share, with BVF INC/IL the top institutional holder. As of 2024-06-30, the company held 18.8006% of the shares, roughly 16.55 million ALLK shares worth $16.55 million.
NEA MANAGEMENT COMPANY, LLC holds the second largest percentage of outstanding shares, with 6.9822% or 6.15 million shares worth $6.15 million as of 2024-06-30.
