In the latest trading session, 0.7 million Allogene Therapeutics Inc (NASDAQ:ALLO) shares changed hands as the company’s beta touched 0.56. With the company’s most recent per share price at $1.40 changed hands at -$0.04 or -2.43% at last look, the market valuation stands at $305.26M. ALLO’s current price is a discount, trading about -203.57% off its 52-week high of $4.25. The share price had its 52-week low at $1.30, which suggests the last value was 7.14% up since then. When we look at Allogene Therapeutics Inc’s average trading volume, we note the 10-day average is 2.72 million shares, with the 3-month average coming to 5.43 million.
Analysts gave the Allogene Therapeutics Inc (ALLO) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.31. If we narrow down to specifics, the data shows that 0 out of 6 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended ALLO as a Hold, 6 felt it is a Buy and 0 rated the stock as Underweight. Allogene Therapeutics Inc’s EPS for the current quarter is expected to be -0.27.
Allogene Therapeutics Inc (NASDAQ:ALLO) trade information
Instantly ALLO was in red as seen in intraday trades today. With action -3.77%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -34.04%, with the 5-day performance at -3.77% in the red. However, in the 30-day time frame, Allogene Therapeutics Inc (NASDAQ:ALLO) is -35.55% down. Looking at the short shares, we see there were 38.01 million shares sold at short interest cover period of 3.61 days.
The consensus price target for the stock as assigned by Wall Street analysts is 33.5, meaning bulls need an upside of 95.82% from its recent market value. According to analyst projections, ALLO’s forecast low is 7 with 55 as the target high. To hit the forecast high, the stock’s price needs a -3828.57% plunge from its current level, while the stock would need to soar -400.0% for it to hit the projected low.
Allogene Therapeutics Inc (ALLO) estimates and forecasts
Year-over-year growth is forecast to reach -37.05% down from the last financial year.
Consensus estimates given by 12 financial analysts project the company’s revenue in the current quarter to hit an average of 1.67k. 12 analysts are of the opinion that Allogene Therapeutics Inc’s revenue for the current quarter will be 1.67k. The company’s revenue for the corresponding quarters a year ago was 22k. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -92.41%. 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 6.26%. The 2025 estimates are for Allogene Therapeutics Inc earnings to increase by 9.60%, but the outlook for the next 5-year period is at -1.15% per year.
Allogene Therapeutics Inc (NASDAQ:ALLO)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 17.66% of Allogene Therapeutics Inc shares while 77.83% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 94.53%. There are 77.83% institutions holding the Allogene Therapeutics Inc stock share, with FMR LLC the top institutional holder. As of 2024-06-30, the company held 16.4491% of the shares, roughly 31.26 million ALLO shares worth $72.83 million.
TPG GP A, LLC holds the second largest percentage of outstanding shares, with 9.8493% or 18.72 million shares worth $43.61 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were SMALLCAP WORLD FUND INC and VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund. With 6.9 shares estimated at $9.9 million under it, the former controlled 3.17% of total outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund held about 1.97% of the shares, roughly 4.28 shares worth around $6.14 million.
