In the latest trading session, 1.27 million Allot Ltd (NASDAQ:ALLT) shares changed hands as the company’s beta touched 0.98. With the company’s most recent per share price at $7.09 changed hands at -$0.78 or -9.97% at last look, the market valuation stands at $272.36M. ALLT’s current price is a discount, trading about -14.95% off its 52-week high of $8.15. The share price had its 52-week low at $1.46, which suggests the last value was 79.41% up since then. When we look at Allot Ltd’s average trading volume, we note the 10-day average is 1.22 million shares, with the 3-month average coming to 528.30K.
Analysts gave the Allot Ltd (ALLT) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended ALLT as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Allot Ltd’s EPS for the current quarter is expected to be 0.0.
Allot Ltd (NASDAQ:ALLT) trade information
Instantly ALLT was in red as seen in intraday trades today. With action 2.68%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 19.08%, with the 5-day performance at 2.68% in the green. However, in the 30-day time frame, Allot Ltd (NASDAQ:ALLT) is 34.19% up. Looking at the short shares, we see there were 28334.0 shares sold at short interest cover period of 0.41 days.
Allot Ltd (ALLT) estimates and forecasts
Data shows that the Allot Ltd 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 162.41% over the past 6 months, a 99.29% in annual growth rate that is considerably higher than the industry average of 16.10%. Year-over-year growth is forecast to reach -1.56% down from the last financial year.
Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of 24.4M. 1 analysts are of the opinion that Allot Ltd’s revenue for the current quarter will be 24.1M. The company’s revenue for the corresponding quarters a year ago was 24.34M and 21.89M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 0.24%. The estimates for the next quarter sales put growth at 10.10%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -39.92%. The 2025 estimates are for Allot Ltd earnings to increase by 99.29%.
ALLT Dividends
Allot Ltd is expected to release its next quarterly earnings report in February.
Allot Ltd (NASDAQ:ALLT)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 1.16% of Allot Ltd shares while 56.81% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 57.47%. There are 56.81% institutions holding the Allot Ltd stock share, with LYNROCK LAKE LP the top institutional holder. As of 2024-06-30, the company held 22.8281% of the shares, roughly 8.77 million ALLT shares worth $20.34 million.
QVT FINANCIAL LP holds the second largest percentage of outstanding shares, with 7.4384% or 2.86 million shares worth $6.63 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were World Funds Tr-Philotimo Focused Growth & Income Fd and DFA Continental Small Company Series. With 699.82 shares estimated at $4.88 million under it, the former controlled 1.82% of total outstanding shares. On the other hand, DFA Continental Small Company Series held about 0.48% of the shares, roughly 185.69 shares worth around $1.29 million.
