In the last trading session, 2.27 million Allogene Therapeutics Inc (NASDAQ:ALLO) shares changed hands as the company’s beta touched 0.89. With the company’s per share price at $2.84 changed hands at -$0.25 or -8.09% during last session, the market valuation stood at $595.47M. ALLO’s last price was a discount, traded about -103.52% off its 52-week high of $5.78. The share price had its 52-week low at $2.01, which suggests the last value was 29.23% up since then. When we look at Allogene Therapeutics Inc’s average trading volume, we note the 10-day average is 2.81 million shares, with the 3-month average coming to 1.98 million.
Analysts gave the Allogene Therapeutics Inc (ALLO) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.50. If we narrow down to specifics, the data shows that 0 out of 6 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended ALLO as a Hold, 6 felt it is a Buy and 0 rated the stock as Underweight.
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Allogene Therapeutics Inc (NASDAQ:ALLO) trade information
Instantly ALLO was in red as seen at the end of in last trading. With action -5.02%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -11.53%, with the 5-day performance at -5.02% in the red. However, in the 30-day time frame, Allogene Therapeutics Inc (NASDAQ:ALLO) is 7.98% up. Looking at the short shares, we see there were 39.32 million shares sold at short interest cover period of 19.93 days.
The consensus price target for the stock as assigned by Wall Street analysts is 33.5, meaning bulls need an upside of 91.52% from its current market value. According to analyst projections, ALLO’s forecast low is 7 with 55 as the target high. To hit the forecast high, the stock’s price needs a -1836.62% plunge from its current level, while the stock would need to soar -146.48% for it to hit the projected low.
Allogene Therapeutics Inc (ALLO) estimates and forecasts
Data shows that the Allogene 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 -4.05% over the past 6 months, a 32.34% in annual growth rate that is considerably higher than the industry average of 17.10%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 22.18%. The 2024 estimates are for Allogene Therapeutics Inc earnings to increase by 35.24%, but the outlook for the next 5-year period is at 1.00% per year.
ALLO Dividends
Allogene Therapeutics Inc is expected to release its next quarterly earnings report in December.
Allogene Therapeutics Inc (NASDAQ:ALLO)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 17.43% of Allogene Therapeutics Inc shares while 79.91% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 96.78%. There are 79.91% institutions holding the Allogene Therapeutics Inc stock share, with FMR LLC the top institutional holder. As of 2024-06-30, the company held 18.4816% of the shares, roughly 31.26 million ALLO shares worth $72.83 million.
TPG GP A, LLC holds the second largest percentage of outstanding shares, with 11.0663% or 18.72 million shares worth $43.61 million as of 2024-06-30.
