In the past week, ALXO stock has gone up by 8.97%, with a monthly gain of 9.72% and a quarterly plunge of -37.30%. The volatility ratio for the week is 7.80%, and the volatility levels for the last 30 days are 8.35% for Alx Oncology Holdings Inc The simple moving average for the last 20 days is 5.35% for ALXO stock, with a simple moving average of -81.17% for the last 200 days.
Is It Worth Investing in Alx Oncology Holdings Inc (NASDAQ: ALXO) Right Now?
Additionally, the 36-month beta value for ALXO is 1.05. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 1 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
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The public float for ALXO is 30.21M and currently, short sellers hold a 31.75% ratio of that float. The average trading volume of ALXO on November 08, 2024 was 723.30K shares.
ALXO) stock’s latest price update
The stock of Alx Oncology Holdings Inc (NASDAQ: ALXO) has increased by 4.64 when compared to last closing price of 1.51. Despite this, the company has experienced a 8.97% gain in its stock price over the last five trading sessions. globenewswire.com reported 2024-11-07 that SOUTH SAN FRANCISCO, Calif., Nov. 07, 2024 (GLOBE NEWSWIRE) — ALX Oncology Holdings Inc., (“ALX Oncology” or “the Company”) (Nasdaq: ALXO), a clinical-stage biotechnology company advancing therapies that boost the immune system to treat cancer in new ways and extend patients’ lives, today reported financial results for the third quarter ended September 30, 2024, and provided a corporate update.
Analysts’ Opinion of ALXO
Many brokerage firms have already submitted their reports for ALXO stocks, with Stifel repeating the rating for ALXO by listing it as a “Hold.” The predicted price for ALXO in the upcoming period, according to Stifel is $14 based on the research report published on March 08, 2024 of the current year 2024.
Jefferies, on the other hand, stated in their research note that they expect to see ALXO reach a price target of $18, previously predicting the price at $8. The rating they have provided for ALXO stocks is “Buy” according to the report published on December 08th, 2023.
Jefferies gave a rating of “Hold” to ALXO, setting the target price at $25 in the report published on December 22nd of the previous year.
ALXO Trading at -10.53% from the 50-Day Moving Average
After a stumble in the market that brought ALXO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -91.14% of loss for the given period.
Volatility was left at 8.35%, however, over the last 30 days, the volatility rate increased by 7.80%, as shares surge +5.52% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -29.35% lower at present.
During the last 5 trading sessions, ALXO rose by +12.07%, which changed the moving average for the period of 200-days by -88.78% in comparison to the 20-day moving average, which settled at $1.5020. In addition, Alx Oncology Holdings Inc saw -89.39% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ALXO starting from Pinto Shelly, who sale 564 shares at the price of $2.58 back on Aug 14 ’24. After this action, Pinto Shelly now owns 91,549 shares of Alx Oncology Holdings Inc, valued at $1,455 using the latest closing price.
Randolph Sophia, the CHIEF MEDICAL OFFICER of Alx Oncology Holdings Inc, sale 1,365 shares at $2.58 during a trade that took place back on Aug 14 ’24, which means that Randolph Sophia is holding 325,711 shares at $3,522 based on the most recent closing price.
Stock Fundamentals for ALXO
Current profitability levels for the company are sitting at:
- -64.47 for the present operating margin
- 0.74 for the gross margin
The net margin for Alx Oncology Holdings Inc stands at -60.95. The total capital return value is set at -1.04. Equity return is now at value -92.17, with -74.45 for asset returns.
Currently, EBITDA for the company is -169.44 million with net debt to EBITDA at 0.1. When we switch over and look at the enterprise to sales, we see a ratio of 26.41. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.39.
Conclusion
In conclusion, Alx Oncology Holdings Inc (ALXO) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
