The 36-month beta value for ALL is at 0.52. Analysts have varying views on the stock, with 4 analysts rating it as a “buy,” 7 rating it as “overweight,” 7 as “hold,” and 0 as “sell.”
The public float for ALL is 261.53M, and currently, shorts hold a 1.07% of that float. The average trading volume for ALL on April 11, 2024 was 1.67M shares.
ALL) stock’s latest price update
Allstate Corp (NYSE: ALL)’s stock price has soared by 0.84 in relation to previous closing price of 168.33. Nevertheless, the company has seen a loss of -2.12% in its stock price over the last five trading days. CNBC Television reported 2024-04-10 that The Investment Committee gives you their top picks for the second half.
ALL’s Market Performance
Allstate Corp (ALL) has seen a -2.12% fall in stock performance for the week, with a 6.13% gain in the past month and a 12.43% surge in the past quarter. The volatility ratio for the week is 2.00%, and the volatility levels for the past 30 days are at 1.74% for ALL. The simple moving average for the past 20 days is 1.61% for ALL’s stock, with a 27.76% simple moving average for the past 200 days.
Analysts’ Opinion of ALL
Many brokerage firms have already submitted their reports for ALL stocks, with HSBC Securities repeating the rating for ALL by listing it as a “Buy.” The predicted price for ALL in the upcoming period, according to HSBC Securities is $190 based on the research report published on March 28, 2024 of the current year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see ALL reach a price target of $193. The rating they have provided for ALL stocks is “Outperform” according to the report published on January 10th, 2024.
Jefferies gave a rating of “Buy” to ALL, setting the target price at $180 in the report published on January 09th of the current year.
ALL Trading at 4.83% 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 -2.76% of loss for the given period.
Volatility was left at 1.74%, however, over the last 30 days, the volatility rate increased by 2.00%, as shares surge +6.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.77% upper at present.
During the last 5 trading sessions, ALL fell by -2.12%, which changed the moving average for the period of 200-days by +57.86% in comparison to the 20-day moving average, which settled at $167.56. In addition, Allstate Corp saw 21.27% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ALL starting from Dugenske John E, who sale 31,000 shares at the price of $170.20 back on Mar 26 ’24. After this action, Dugenske John E now owns 63,731 shares of Allstate Corp, valued at $5,276,203 using the latest closing price.
Pintozzi John C, the SVP, Controller, and CAO of Allstate Corp, sale 4,000 shares at $159.47 during a trade that took place back on Feb 27 ’24, which means that Pintozzi John C is holding 10,736 shares at $637,880 based on the most recent closing price.
Stock Fundamentals for ALL
Current profitability levels for the company are sitting at:
- -0.03 for the present operating margin
- 1.0 for the gross margin
The net margin for Allstate Corp stands at -0.0. The total capital return value is set at -0.02. Equity return is now at value -1.07, with -0.20 for asset returns.
Based on Allstate Corp (ALL), the company’s capital structure generated 0.32 points at debt to capital in total, while cash flow to debt ratio is standing at 0.51. The debt to equity ratio resting at 0.47. The interest coverage ratio of the stock is -3.81.
Currently, EBITDA for the company is -213.0 million with net debt to EBITDA at -7.89. When we switch over and look at the enterprise to sales, we see a ratio of 0.93. The receivables turnover for the company is 2.96for trailing twelve months and the total asset turnover is 0.54. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.47.
Conclusion
In conclusion, Allstate Corp (ALL) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
