Allakos Inc. (NASDAQ:ALLK) currently has a daily average trading volume of 1.17M but it saw 901243 shares traded on Thursday. With a market cap of 408.75M USD, stock’s current market price of $4.81 came falling about -1.23 while comparing to the previous closing price of $4.87. In past 52 weeks, the stock remained buoying in the range of price level as high as $8.73 and as low as $2.54. In the recent trading on the day, stock has struck highest price mark of $4.895 while lowest mark touched by it was $4.63.
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Taking a look at 20-day trading activity of Allakos Inc. (ALLK) gives us an average price of $4.56, while its current price level is -44.90% below from 52-week high level whereas it is 89.74% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $4.47 while that of 200 days or SMA-200 reads an average of $5.86. A closer look into the stock’s movement over the week reveals that its volatility is standing at 5.37% during that period while stretching the period over a month that increases to 6.82%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 54.78 which implies that the stock is in neutral territory.
Allakos Inc. (ALLK)’s stock is currently under the radar of 9 analysts who are in consensus at a 12-month price target range of between $2.50 and $22.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $2.50 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $22.00. Average price target assigned by them is $8.07 which highlights an upside potential of 40.4% for the stock over that period. And to attain the median price target of $7.00 assigned by those analysts, stock has to add about 31.29% of value to its current levels.
Data by FactSet Research shows that 9 analysts have issued their ratings for the stock. 1 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 3 analysts suggested the investors to Buy the stock while 4 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Hold for the stock and that issued by Wall Street to investors is Moderate Buy.
Year-to-date it is -42.87% down and over the past year, the stock is showing an upside performance of 80.15%.
The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of -$0.49 beat the consensus estimate of -$0.49 for the same. The company is expected to be releasing its next quarterly report in 08/07/2023, for which analysts forecasted an EPS of -$0.48 while estimate for next year EPS is -$1.91. For ALLK, analysts are forecasting an EPS-growth rate of 62.30% for current year and estimate for EPS growth in next year is 1.60%.
Currently, Allakos Inc.’s total number of outstanding shares is 85.84M with 4.41% of that held by the insiders while 85.84% of its common stock has been owned by the institutions. Company’s return on equity (ROE) at -57.10%. Stock’s beta reads 0.42. Stock has a price to book (P/B) ratio of 1.47. Its return on asset (ROA) is -45.20% on average.
A filing at the U.S. Securities and Exchange Commission revealed that SPDR S&P Biotech ETF came shrinking its share ownership by 1.78% in the Allakos Inc. (ALLK) increasing its stake to 3.80% with control over 56980.0 shares in the company. In the most recent quarter, Vanguard Extended Market Index Fu came rising its stake by 0.11% in the company and now holds 0.99 million or 1.15% of the company’s stake having worth of about 4.2 million.
