Allakos Inc (NASDAQ:ALLK) has a beta value of 0.97 and has seen 1.19 million shares traded in the last trading session. The company, currently valued at $120.83M, closed the last trade at $1.36 per share which meant it gained $0.11 on the day or 8.80% during that session. The ALLK stock price is -150.0% off its 52-week high price of $3.40 and 60.29% above the 52-week low of $0.54. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.92 million shares traded. The 3-month trading volume is 590.58K shares.
The consensus among analysts is that Allakos Inc (ALLK) is Buy stock at the moment, with a recommendation rating of 2.71. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 4 have rated it as a Hold, with 3 advising it as a Buy. 0 have rated the stock as Underweight.
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Allakos Inc (NASDAQ:ALLK) trade information
Sporting 8.80% in the green 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 ALLK stock price touched $1.36 or saw a rise of 3.41%. Year-to-date, Allakos Inc shares have moved -50.18%, while the 5-day performance has seen it change 11.48%. Over the past 30 days, the shares of Allakos Inc (NASDAQ:ALLK) have changed 94.45%. Short interest in the company has seen 1.65 million shares shorted with days to cover at 4.56.
Wall Street analysts have a consensus price target for the stock at $109.5, which means that the shares’ value could jump 98.76% from current levels. The projected low price target is $1.0 while the price target rests at a high of $218.0. In that case, then, we find that the current price level is -15929.41% off the targeted high while a plunge would see the stock lose 26.47% from current levels.
Allakos Inc (ALLK) estimates and forecasts
Figures show that Allakos Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 11.02% over the past 6 months, with this year growth rate of 28.50%, compared to 17.30% for the industry.
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 0.51% over the past 5 years. Earnings growth for 2024 is a modest 28.05% while over the next 5 years, the company’s earnings are expected to increase by 26.70%.
ALLK Dividends
Allakos Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Allakos Inc (NASDAQ:ALLK)’s Major holders
Insiders own 2.33% of the company shares, while shares held by institutions stand at 88.09% with a share float percentage of 90.19%. Investors are also buoyed by the number of investors in a company, with Allakos Inc having a total of 117.0 institutions that hold shares in the company. The top two institutional holders are BVF INC/IL with over 16.55 million shares worth more than $16.55 million. As of 2024-06-30, BVF INC/IL held 18.8006% of shares outstanding.
The other major institutional holder is NEA MANAGEMENT COMPANY, LLC, with the holding of over 6.15 million shares as of 2024-06-30. The firm’s total holdings are worth over $6.15 million and represent 6.9822% of shares outstanding.
