During the last session, Allot Ltd (NASDAQ:ALLT)’s traded shares were 0.44 million, with the beta value of the company hitting 1.08. At the end of the trading day, the stock’s price was $4.23, reflecting an intraday loss of -3.64% or -$0.16. The 52-week high for the ALLT share is $4.55, that puts it down -7.57 from that peak though still a striking 71.87% gain since the share price plummeted to a 52-week low of $1.19. The company’s market capitalization is $162.61M, and the average intraday trading volume over the past 10 days was 0.32 million shares, and the average trade volume was 152.48K shares over the past three months.
Allot Ltd (ALLT) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. ALLT has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.0.
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Allot Ltd (NASDAQ:ALLT) trade information
Allot Ltd (ALLT) registered a -3.64% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -3.64% in intraday trading to $4.23, hitting a weekly high. The stock’s 5-day price performance is 21.20%, and it has moved by 22.61% in 30 days. Based on these gigs, the overall price performance for the year is 211.03%. The short interest in Allot Ltd (NASDAQ:ALLT) is 28334.0 shares and it means that shorts have 0.41 day(s) to cover.
Allot Ltd (ALLT) estimates and forecasts
Statistics show that Allot Ltd has outperformed its competitors in share price, compared to the industry in which it operates. Allot Ltd (ALLT) shares have gone up 92.27% during the last six months, with a year-to-date growth rate more than the industry average at 95.04% against 18.60. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 100.00% this quarter and then jump 100.00% in the quarter after that. In the rating firms’ projections, revenue will decrease -1.56% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 24.4M as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 24.1M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 24.34M and 21.89M respectively. In this case, analysts expect current quarter sales to grow by 0.24% and then jump by 10.10% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -39.92%. While earnings are projected to return 99.29% in 2024, the next five years will return -3.90% per annum.
ALLT Dividends
Allot Ltd is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Allot Ltd (NASDAQ:ALLT)’s Major holders
Allot Ltd insiders own 1.16% of total outstanding shares while institutional holders control 56.81%, with the float percentage being 57.47%. LYNROCK LAKE LP is the largest shareholder of the company, while 55.0 institutions own stock in it. As of 2024-06-30, the company held over 8.77 million shares (or 22.8281% of all shares), a total value of $20.34 million in shares.
The next largest institutional holding, with 2.86 million shares, is of QVT FINANCIAL LP’s that is approximately 7.4384% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $6.63 million.
Also, the Mutual Funds coming in first place with the largest holdings of Allot Ltd (ALLT) shares are World Funds Tr-Philotimo Focused Growth & Income Fd and DFA Continental Small Company Series . Data provided on Sep 30, 2024 indicates that World Funds Tr-Philotimo Focused Growth & Income Fd owns about 699.82 shares. This amounts to just over 1.82 percent of the company’s overall shares, with a $2.96 million market value. The same data shows that the other fund manager holds slightly less at 189.49, or about 0.49% of the stock, which is worth about $0.8 million.
