In the latest trading session, 0.3 million Allakos Inc (NASDAQ:ALLK) shares changed hands as the company’s beta touched 0.56. With the company’s most recent per share price at $0.26 changing hands around $0.0 or 0.47% at last look, the market valuation stands at $23.13M. ALLK’s current price is a discount, trading about -496.15% off its 52-week high of $1.55. The share price had its 52-week low at $0.23, which suggests the last value was 11.54% up since then. When we look at Allakos Inc’s average trading volume, we note the 10-day average is 0.61 million shares, with the 3-month average coming to 2.40 million.
Analysts gave the Allakos Inc (ALLK) stock a consensus recommendation rating of Buy, calculated at a mean rating of 3.00. If we narrow down to specifics, the data shows that 0 out of 4 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended ALLK as a Hold, 3 felt it is a Buy and 0 rated the stock as Underweight. Allakos Inc’s EPS for the current quarter is expected to be -0.3.
Allakos Inc (NASDAQ:ALLK) trade information
Instantly ALLK is in green as seen in intraday trades today. With action -1.42%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -78.81%, with the 5-day performance at -1.42% in the red. However, in the 30-day time frame, Allakos Inc (NASDAQ:ALLK) is -17.37% down. Looking at the short shares, we see there were 1.94 million shares sold at short interest cover period of 0.72 days.
The consensus price target for the stock as assigned by Wall Street analysts is 109.5, meaning bulls need an upside of 99.76% from its recent market value. According to analyst projections, ALLK’s forecast low is 1 with 218 as the target high. To hit the forecast high, the stock’s price needs a -83746.15% plunge from its current level, while the stock would need to soar -284.62% for it to hit the projected low.
Allakos Inc (ALLK) estimates and forecasts
According to analysts, the company will likely register a growth in its current quarter sales, forecast at 0.00%. The estimates for the next quarter sales put growth at 0.00%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 0.51%. The 2025 estimates are for Allakos Inc earnings to increase by 54.20%, but the outlook for the next 5-year period is at 57.93% per year.
Allakos Inc (NASDAQ:ALLK)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 2.05% of Allakos Inc shares while 91.64% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 93.56%. There are 91.64% institutions holding the Allakos Inc stock share, with BVF INC/IL the top institutional holder. As of 2024-06-30, the company held 18.8006% of the shares, roughly 16.55 million ALLK shares worth $16.55 million.
NEA MANAGEMENT COMPANY, LLC holds the second largest percentage of outstanding shares, with 6.9822% or 6.15 million shares worth $6.15 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were Fidelity Advisor Biotechnology Fund and Vanguard Total Stock Market Index Fund. With 4.86 shares estimated at $1.24 million under it, the former controlled 5.38% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.59% of the shares, roughly 2.34 shares worth around $0.6 million.
