Allot Ltd (NASDAQ:ALLT) has a beta value of 1.01 and has seen 0.47 million shares traded in the last trading session. The company, currently valued at $261.40M, closed the last trade at $6.80 per share which meant it lost -$0.16 on the day or -2.30% during that session. The ALLT stock price is -5.29% off its 52-week high price of $7.16 and 78.68% above the 52-week low of $1.45. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.9 million shares traded. The 3-month trading volume is 437.48K shares.
The consensus among analysts is that Allot Ltd (ALLT) is Buy stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 1 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.0.
Allot Ltd (NASDAQ:ALLT) trade information
Sporting -2.30% in the red 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 ALLT stock price touched $6.80 or saw a rise of 5.03%. Year-to-date, Allot Ltd shares have moved 14.29%, while the 5-day performance has seen it change 14.29%. Over the past 30 days, the shares of Allot Ltd (NASDAQ:ALLT) have changed 42.86%. Short interest in the company has seen 28334.0 shares shorted with days to cover at 0.41.
Allot Ltd (ALLT) estimates and forecasts
Figures show that Allot Ltd shares have outperformed across the wider relevant industry. The company’s shares have gained 170.92% over the past 6 months, with this year growth rate of 99.29%, compared to 15.70% for the industry. Revenue growth from the last financial year stood is estimated to be -1.56%.
1 analysts offering their estimates for the company have set an average revenue estimate of 24.4M for the current quarter. 1 have an estimated revenue figure of 24.1M for the next ending quarter. Year-ago sales stood 24.34M and 21.89M respectively for this quarter and the next, and analysts expect sales will grow by 0.24% for the current quarter and -1.56% for the next.
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 -39.92% over the past 5 years. Earnings growth for 2025 is a modest 99.29% while over the next 5 years, the company’s earnings are expected to decrease by -3.90%.
ALLT Dividends
Allot Ltd is expected to release its next earnings report in February this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Allot Ltd (NASDAQ:ALLT)’s Major holders
Insiders own 1.16% of the company shares, while shares held by institutions stand at 56.81% with a share float percentage of 57.47%. Investors are also buoyed by the number of investors in a company, with Allot Ltd having a total of 55.0 institutions that hold shares in the company. The top two institutional holders are LYNROCK LAKE LP with over 8.77 million shares worth more than $20.34 million. As of 2024-06-30, LYNROCK LAKE LP held 22.8281% of shares outstanding.
The other major institutional holder is QVT FINANCIAL LP, with the holding of over 2.86 million shares as of 2024-06-30. The firm’s total holdings are worth over $6.63 million and represent 7.4384% of shares outstanding.
