In the last trading session, 3.37 million shares of the Allakos Inc (NASDAQ:ALLK) were traded, and its beta was 0.85. Most recently the company’s share price was $0.86, and it changed around -$0.05 or -5.99% from the last close, which brings the market valuation of the company to $76.43M. ALLK currently trades at a discount to its 52-week high of $1.69, offering almost -96.51% off that amount. The share price’s 52-week low was $0.54, which indicates that the current value has risen by an impressive 37.21% since then. We note from Allakos Inc’s average daily trading volume that its 10-day average is 1.26 million shares, with the 3-month average coming to 779.80K.
Allakos Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.20. If we narrow it down even further, the data shows that 0 out of 7 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 5 recommended ALLK as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. Allakos Inc is expected to report earnings per share of -0.18 for the current quarter.
Allakos Inc (NASDAQ:ALLK) trade information
Instantly ALLK has showed a red trend with a performance of -5.99% 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 1.1500 on recent trading dayincreased the stock’s daily price by 25.22%. The company’s shares are currently down -29.30% year-to-date, but still down -11.69% over the last five days. On the other hand, Allakos Inc (NASDAQ:ALLK) is -19.29% down in the 30-day period. We can see from the shorts that 0.8 million shares have been sold at a short interest cover period of 2.36 day(s).
The consensus price target as assigned by Wall Street analysts is $109.5, which translates to bulls needing to increase their stock price by 99.21% from its current value. Analyst projections state that ALLK is forecast to be at a low of $1 and a high of $218.
Allakos Inc (ALLK) estimates and forecasts
Allakos 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 risen 14.07 percent over the past six months and at a 31.31% annual growth rate that is well above the industry average of 16.50%.
Forecasts for the next quarter put sales growth at 0.00%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 0.51%.
ALLK Dividends
Allakos Inc’s next quarterly earnings report is expected to be released in February.
Allakos Inc (NASDAQ:ALLK)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 2.13% of Allakos Inc shares, and 81.57% of them are in the hands of institutional investors. The stock currently has a share float of 83.34%. Allakos Inc stock is held by 93.0 institutions, with BVF INC/IL being the largest institutional investor. By 2024-06-30, it held 18.8006% of the shares, which is about 16.55 million shares worth $16.55 million.
NEA MANAGEMENT COMPANY, LLC, with 6.9822% or 6.15 million shares worth $6.15 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Fidelity Advisor Biotechnology Fund and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Nov 30, 2024 . The former held 4.86 shares worth $4.15 million, making up 5.44% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 2.34 shares worth around $2.0 million, which represents about 2.62% of the total shares outstanding.
