In the last trading session, 1.09 million shares of the Allot Ltd (NASDAQ:ALLT) were traded, and its beta was 1.19. Most recently the company’s share price was $8.91, and it changed around -$0.24 or -2.62% from the last close, which brings the market valuation of the company to $342.51M. ALLT currently trades at a discount to its 52-week high of $9.44, offering almost -5.95% off that amount. The share price’s 52-week low was $1.71, which indicates that the current value has risen by an impressive 80.81% since then. We note from Allot Ltd’s average daily trading volume that its 10-day average is 0.79 million shares, with the 3-month average coming to 790.15K.
Allot Ltd stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended ALLT as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Allot Ltd is expected to report earnings per share of 0.0 for the current quarter.
Allot Ltd (NASDAQ:ALLT) trade information
Instantly ALLT has showed a red trend with a performance of -2.62% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 9.44 on recent trading dayincreased the stock’s daily price by 5.61%. The company’s shares are currently up 49.75% year-to-date, but still up 4.82% over the last five days. On the other hand, Allot Ltd (NASDAQ:ALLT) is 23.24% up in the 30-day period. We can see from the shorts that 28334.0 shares have been sold at a short interest cover period of 0.41 day(s).
Allot Ltd (ALLT) estimates and forecasts
The year-over-year growth rate is expected to be -1.56%, down from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 24.4M in revenue for the current quarter. 1 analysts expect Allot Ltd to make 24.1M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 24.34M and 21.89M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 0.24%. Forecasts for the next quarter put sales growth at 10.10%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -39.92%.
ALLT Dividends
Allot Ltd’s next quarterly earnings report is expected to be released in March.
Allot Ltd (NASDAQ:ALLT)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 1.16% of Allot Ltd shares, and 56.81% of them are in the hands of institutional investors. The stock currently has a share float of 57.47%. Allot Ltd stock is held by 55.0 institutions, with LYNROCK LAKE LP being the largest institutional investor. By 2024-06-30, it held 22.8281% of the shares, which is about 8.77 million shares worth $20.34 million.
QVT FINANCIAL LP, with 7.4384% or 2.86 million shares worth $6.63 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
World Funds Tr-Philotimo Focused Growth & Income Fd and DFA Continental Small Company Series were the top two Mutual Funds as of Sep 30, 2024 . The former held 699.82 shares worth $6.24 million, making up 1.82% of all outstanding shares. On the other hand, DFA Continental Small Company Series held roughly 185.69 shares worth around $1.65 million, which represents about 0.48% of the total shares outstanding.
