Allot Ltd (NASDAQ:ALLT)’s traded shares stood at 0.63 million during the last session, with the company’s beta value hitting 1.22. At the close of trading, the stock’s price was $6.31, to imply an increase of 0.16% or $0.01 in intraday trading. The ALLT share’s 52-week high remains $9.44, putting it -49.6% down since that peak but still an impressive 68.46% since price per share fell to its 52-week low of $1.99. The company has a valuation of $242.56M, with an average of 0.55 million shares in intraday trading volume over the past 10 days and average of 925.96K shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Allot Ltd (ALLT), translating to a mean rating of 1.00. Of 1 analyst(s) looking at the stock, 0 analyst(s) give ALLT a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.05.
Allot Ltd (NASDAQ:ALLT) trade information
After registering a 0.16% upside in the last session, Allot Ltd (ALLT) has traded red over the past five days. The 5-day price performance for the stock is 13.49%, and -11.62% over 30 days. With these gigs, the year-to-date price performance is 6.05%. Short interest in Allot Ltd (NASDAQ:ALLT) saw shorts transact 0.12 million shares and set a 0.13 days time to cover.
Allot Ltd (ALLT) estimates and forecasts
The rating firms project that company’s revenue will grow 4.34% compared to the previous financial year.
Revenue forecast for the current quarter as set by 1 analysts is 20.2M. Meanwhile, for the current quarter, a total of 1 analyst(s) estimate revenue growth to 22.5M.Earnings reports from the last fiscal year show that sales brought in 21.89M and 22.16M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -7.72% before jumping 1.52% in the following quarter.
ALLT Dividends
Allot Ltd has its next earnings report out on 2025-Feb-24. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Allot Ltd (NASDAQ:ALLT)’s Major holders
Allot Ltd insiders hold 1.16% of total outstanding shares, with institutional holders owning 64.40% of the shares at 65.16% float percentage. In total, 64.40% institutions holds shares in the company, led by LYNROCK LAKE LP. As of 2024-06-30, the company held over 8.77 million shares (or 22.6508% of shares), all amounting to roughly $20.34 million.
The next major institution holding the largest number of shares is QVT FINANCIAL LP with 2.86 million shares, or about 7.3806% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $6.63 million.
We also have Philotimo Focused Growth and Income Fund and ARK Israel Innovative Technology ETF as the top two Mutual Funds with the largest holdings of the Allot Ltd (ALLT) shares. Going by data provided on Dec 31, 2024 , Philotimo Focused Growth and Income Fund holds roughly 1.09 shares. This is just over 2.75% of the total shares, with a market valuation of $6.86 million. Data from the same date shows that the other fund manager holds a little less at 248.49, or 0.63% of the shares, all valued at about 1.57 million.
