Allakos Inc (ALLK)’s Stock Price Falls Due To Weak Fundamental Momentum

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Allakos Inc (NASDAQ:ALLK) has a beta value of 0.75 and has seen 2.04 million shares traded in the last trading session. The ALLK stock price is -445.16% off its 52-week high price of $1.69 and 25.81% above the 52-week low of $0.23.

The consensus among analysts is that Allakos Inc (ALLK) is Buy stock at the moment, with a recommendation rating of 3.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 4 have rated it as a Hold, with 3 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.18.

Allakos Inc (NASDAQ:ALLK) trade information

Sporting -0.77% 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 ALLK stock price touched $0.31 or saw a rise of 4.7%. Year-to-date, Allakos Inc shares have moved -74.36%, while the 5-day performance has seen it change 13.62%. Over the past 30 days, the shares of Allakos Inc (NASDAQ:ALLK) have changed -65.90%.

Wall Street analysts have a consensus price target for the stock at $109.5, which means that the shares’ value could jump 99.72% from current levels. The projected low price target is $1.0 while the price target rests at a high of $218.0. In that case, then, we find that the current price level is -70222.58% off the targeted high while a plunge would see the stock gain -222.58% from current levels.

Allakos Inc (ALLK) estimates and forecasts

The company’s shares have lost -52.81% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 0.00%.

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 0.51% over the past 5 years. Earnings growth for 2025 is a modest 30.79% while over the next 5 years, the company’s earnings are expected to increase by 54.43%.

ALLK Dividends

Allakos Inc is expected to release its next earnings report in March this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Allakos Inc (NASDAQ:ALLK)’s Major holders

The top two institutional holders are BVF INC/IL with over 16.55 million shares worth more than $16.55 million. As of 2024-06-30, BVF INC/IL held 18.8006% of shares outstanding.

The other major institutional holder is NEA MANAGEMENT COMPANY, LLC, with the holding of over 6.15 million shares as of 2024-06-30. The firm’s total holdings are worth over $6.15 million and represent 6.9822% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Fidelity Advisor Biotechnology Fund and Vanguard Total Stock Market Index Fund . As of Dec 31, 2024 , the former fund manager holds about 5.44% shares in the company for having 4.86 shares of worth $1.51 million while later fund manager owns 2.34 shares of worth $0.73 million as of Sep 30, 2024 , which makes it owner of about 2.62% of company’s outstanding stock.