Allakos Inc (NASDAQ: ALLK)’s stock price has plunge by -3.85relation to previous closing price of 1.30. Nevertheless, the company has seen a -7.41% plunge in its stock price over the last five trading sessions. zacks.com reported 2024-11-11 that Allakos (ALLK) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company’s earnings prospects. This might drive the stock higher in the near term.
Is It Worth Investing in Allakos Inc (NASDAQ: ALLK) Right Now?
The 36-month beta value for ALLK is at 0.98. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 2 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for ALLK is 76.54M, and currently, shorts hold a 2.24% of that float. The average trading volume for ALLK on November 14, 2024 was 620.07K shares.
ALLK’s Market Performance
The stock of Allakos Inc (ALLK) has seen a -7.41% decrease in the past week, with a 89.85% rise in the past month, and a 81.95% gain in the past quarter. The volatility ratio for the week is 10.95%, and the volatility levels for the past 30 days are at 16.31% for ALLK. The simple moving average for the last 20 days is 0.75% for ALLK stock, with a simple moving average of 20.04% for the last 200 days.
Analysts’ Opinion of ALLK
Many brokerage firms have already submitted their reports for ALLK stocks, with Jefferies repeating the rating for ALLK by listing it as a “Hold.” The predicted price for ALLK in the upcoming period, according to Jefferies is $1.50 based on the research report published on January 17, 2024 of the current year 2024.
ALLK Trading at 44.07% from the 50-Day Moving Average
After a stumble in the market that brought ALLK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -63.29% of loss for the given period.
Volatility was left at 16.31%, however, over the last 30 days, the volatility rate increased by 10.95%, as shares surge +95.38% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +86.22% upper at present.
During the last 5 trading sessions, ALLK fell by -5.93%, which changed the moving average for the period of 200-days by unch in comparison to the 20-day moving average, which settled at $1.2417. In addition, Allakos Inc saw -54.21% 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 ALLK starting from Alexander Robert, who proposed sale 37,311 shares at the price of $0.58 back on Sep 11 ’24. After this action, Alexander Robert now owns shares of Allakos Inc, valued at $21,805 using the latest closing price.
Lee Chin Hyok, the Officer of Allakos Inc, proposed sale 45,320 shares at $0.65 during a trade that took place back on Sep 09 ’24, which means that Lee Chin Hyok is holding shares at $29,336 based on the most recent closing price.
Stock Fundamentals for ALLK
Current profitability levels for the company are sitting at:
- -14.79 for the present operating margin
- 0.68 for the gross margin
The net margin for Allakos Inc stands at -16.62. The total capital return value is set at -1.47. Equity return is now at value -121.68, with -87.64 for asset returns.
Currently, EBITDA for the company is -189.91 million with net debt to EBITDA at -0.16. When we switch over and look at the enterprise to sales, we see a ratio of 12.81. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.08.
Conclusion
In conclusion, Allakos Inc (ALLK) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
