Allstate Corp (NYSE: ALL)’s stock price has plunge by -0.79relation to previous closing price of 164.21. Nevertheless, the company has seen a -4.02% plunge in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-15 that Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
Is It Worth Investing in Allstate Corp (NYSE: ALL) Right Now?
The stock has a 36-month beta value of 0.52. Opinions on the stock are mixed, with 4 analysts rating it as a “buy,” 7 as “overweight,” 7 as “hold,” and 0 as “sell.”
The public float for ALL is 261.53M, and at present, short sellers hold a 1.07% of that float. On April 18, 2024, the average trading volume of ALL was 1.67M shares.
ALL’s Market Performance
ALL stock saw a decrease of -4.02% in the past week, with a monthly decline of -0.06% and a quarterly a decrease of 6.80%. The volatility ratio for the week is 1.88%, and the volatility levels for the last 30 days are 1.74% for Allstate Corp (ALL). The simple moving average for the last 20 days is -3.28% for ALL stock, with a simple moving average of 21.30% for the last 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 -0.02% 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 -6.68% of loss for the given period.
Volatility was left at 1.74%, however, over the last 30 days, the volatility rate increased by 1.88%, as shares surge +0.34% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.88% upper at present.
During the last 5 trading sessions, ALL fell by -4.02%, which changed the moving average for the period of 200-days by +49.41% in comparison to the 20-day moving average, which settled at $168.48. In addition, Allstate Corp saw 16.39% 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 0.9. 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
To sum up, Allstate Corp (ALL) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as 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.
