The Allstate Corporation (NYSE: ALL)’s stock price has increased by 2.08 compared to its previous closing price of 108.78. However, the company has seen a 3.02% increase in its stock price over the last five trading sessions. InvestorPlace reported 2023-09-11 that While the small-capitalization sector provides ample opportunities to find diamonds in the rough, astute investors can occasionally find undervalued large-cap stocks. It sounds completely counterintuitive.
Is It Worth Investing in The Allstate Corporation (NYSE: ALL) Right Now?
The 36-month beta value for ALL is also noteworthy at 0.57. There are mixed opinions on the stock, with 11 analysts rating it as a “buy,” 0 rating it as “overweight,” 9 rating it as “hold,” and 2 rating it as “sell.”
The average price estimated by analysts for ALL is $126.65, which is $17.76 above than the current price. The public float for ALL is 259.95M, and at present, short sellers hold a 1.24% of that float. The average trading volume of ALL on September 19, 2023 was 1.82M shares.
ALL’s Market Performance
ALL’s stock has seen a 3.02% increase for the week, with a 2.90% rise in the past month and a -0.12% fall in the past quarter. The volatility ratio for the week is 2.03%, and the volatility levels for the past 30 days are at 2.03% for The Allstate Corporation The simple moving average for the last 20 days is 3.44% for ALL stock, with a simple moving average of -6.13% for the last 200 days.
Analysts’ Opinion of ALL
Many brokerage firms have already submitted their reports for ALL stocks, with Morgan Stanley repeating the rating for ALL by listing it as a “Equal-Weight.” The predicted price for ALL in the upcoming period, according to Morgan Stanley is $117 based on the research report published on June 20, 2023 of the current year 2023.
ALL Trading at 2.56% from the 50-Day Moving Average
After a stumble in the market that brought ALL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -21.89% of loss for the given period.
Volatility was left at 2.03%, however, over the last 30 days, the volatility rate increased by 2.03%, as shares surge +4.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.56% upper at present.
During the last 5 trading sessions, ALL rose by +3.02%, which changed the moving average for the period of 200-days by -16.75% in comparison to the 20-day moving average, which settled at $107.59. In addition, The Allstate Corporation saw -18.11% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at ALL starting from SPRIESER JUDITH A, who sale 1,565 shares at the price of $111.22 back on Aug 03. After this action, SPRIESER JUDITH A now owns 0 shares of The Allstate Corporation, valued at $174,059 using the latest closing price.
Merten Jesse E, the EVP & Chief Financial Officer of The Allstate Corporation, sale 29,451 shares at $134.18 during a trade that took place back on Feb 22, which means that Merten Jesse E is holding 16,668 shares at $3,951,588 based on the most recent closing price.
Stock Fundamentals for ALL
Current profitability levels for the company are sitting at:
- -2.86 for the present operating margin
The net margin for The Allstate Corporation stands at -2.55. The total capital return value is set at -11.03, while invested capital returns managed to touch -4.47. Equity return is now at value -18.20, with -2.80 for asset returns.
Based on The Allstate Corporation (ALL), the company’s capital structure generated 47.54 points at debt to equity in total, while total debt to capital is 32.22. Total debt to assets is 9.22, with long-term debt to equity ratio resting at 48.74. Finally, the long-term debt to capital ratio is 29.31.
When we switch over and look at the enterprise to sales, we see a ratio of 0.66, with the company’s debt to enterprise value settled at 0.18. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.44.
In summary, The Allstate Corporation (ALL) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.