In the last trading session, 1.68 million shares of the Alx Oncology Holdings Inc (NASDAQ:ALXO) were traded, and its beta was 1.02. Most recently the company’s share price was $1.22, and it changed around -$0.07 or -5.43% from the last close, which brings the market valuation of the company to $62.41M. ALXO currently trades at a discount to its 52-week high of $17.83, offering almost -1361.48% off that amount. The share price’s 52-week low was $1.25, which indicates that the current value has fallen by an impressive -2.46% since then. We note from Alx Oncology Holdings Inc’s average daily trading volume that its 10-day average is 0.85 million shares, with the 3-month average coming to 677.58K.
Alx Oncology Holdings Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.57. If we narrow it down even further, the data shows that 0 out of 8 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 2 recommended ALXO as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight.
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Alx Oncology Holdings Inc (NASDAQ:ALXO) trade information
Instantly ALXO has showed a red trend with a performance of -5.43% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 1.5000 on recent trading dayincreased the stock’s daily price by 18.67%. The company’s shares are currently down -91.81% year-to-date, but still down -17.57% over the last five days. On the other hand, Alx Oncology Holdings Inc (NASDAQ:ALXO) is -17.57% down in the 30-day period. We can see from the shorts that 7.84 million shares have been sold at a short interest cover period of 11.81 day(s).
The consensus price target as assigned by Wall Street analysts is $23, which translates to bulls needing to increase their stock price by 94.7% from its current value. Analyst projections state that ALXO is forecast to be at a low of $14 and a high of $38.
Alx Oncology Holdings Inc (ALXO) estimates and forecasts
Alx Oncology Holdings Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -91.15 percent over the past six months and at a 25.40% annual growth rate that is well above the industry average of 17.50%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -50.98%.
ALXO Dividends
Alx Oncology Holdings Inc’s next quarterly earnings report is expected to be released in December.
Alx Oncology Holdings Inc (NASDAQ:ALXO)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 1.91% of Alx Oncology Holdings Inc shares, and 92.45% of them are in the hands of institutional investors. The stock currently has a share float of 94.25%. Alx Oncology Holdings Inc stock is held by 146.0 institutions, with VENBIO PARTNERS LLC being the largest institutional investor. By 2024-06-30, it held 19.3531% of the shares, which is about 9.7 million shares worth $58.49 million.
FMR LLC, with 15.5923% or 7.81 million shares worth $47.12 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
