In the latest trading session, 0.39 million Allogene Therapeutics Inc (NASDAQ:ALLO) shares changed hands as the company’s beta touched 0.86. With the company’s most recent per share price at $1.98 changing hands around $0.03 or 1.54% at last look, the market valuation stands at $415.15M. ALLO’s current price is a discount, trading about -191.92% off its 52-week high of $5.78. The share price had its 52-week low at $1.78, which suggests the last value was 10.1% up since then. When we look at Allogene Therapeutics Inc’s average trading volume, we note the 10-day average is 2.95 million shares, with the 3-month average coming to 2.30 million.
Analysts gave the Allogene Therapeutics Inc (ALLO) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.53. 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. Allogene Therapeutics Inc’s EPS for the current quarter is expected to be -0.33.
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Allogene Therapeutics Inc (NASDAQ:ALLO) trade information
Instantly ALLO is in green as seen in intraday trades today. With action -4.35%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -38.32%, with the 5-day performance at -4.35% in the red. However, in the 30-day time frame, Allogene Therapeutics Inc (NASDAQ:ALLO) is -10.41% down. Looking at the short shares, we see there were 31.17 million shares sold at short interest cover period of 11.46 days.
The consensus price target for the stock as assigned by Wall Street analysts is 33.5, meaning bulls need an upside of 94.09% from its recent 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 -2677.78% plunge from its current level, while the stock would need to soar -253.54% 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 -15.38% over the past 6 months, a 32.84% in annual growth rate that is considerably higher than the industry average of 16.70%. Year-over-year growth is forecast to reach -66.98% down from the last financial year.
Consensus estimates given by 18 financial analysts project the company’s revenue in the current quarter to hit an average of 12.11k. 12 analysts are of the opinion that Allogene Therapeutics Inc’s revenue for the current quarter will be 4.17k. The company’s revenue for the corresponding quarters a year ago was 21k and 22k respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -42.33%. The estimates for the next quarter sales put growth at -81.05%.
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 36.46%, 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 January.
Allogene Therapeutics Inc (NASDAQ:ALLO)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 17.42% of Allogene Therapeutics Inc shares while 80.20% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 97.12%. There are 80.20% 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.
Among Mutual Funds, the top two as of Sep 30, 2024 were Smallcap World Fund and Vanguard Total Stock Market Index Fund. With 6.9 shares estimated at $13.76 million under it, the former controlled 3.29% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.07% of the shares, roughly 4.34 shares worth around $8.65 million.
