Allena Pharmaceuticals Inc. [NASDAQ: ALNA] loss -7.37% or -0.16 points to close at $2.01 with a heavy trading volume of 2045071 shares. It opened the trading session at $2.16, the shares rose to $2.18 and dropped to $1.85, the range by which the price of stock traded the whole day. The daily chart for ALNA points out that the company has recorded 5.24% gains over the past six months. However, it is still -286.54% lower than its most recent low trading price.
If we look at the average trading volume of 574.04K shares, ALNA reached to a volume of 2045071 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Allena Pharmaceuticals Inc. [ALNA]:
H.C. Wainwright have made an estimate for Allena Pharmaceuticals Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 01, 2020. The new note on the price target was released on July 10, 2019, representing the official price target for Allena Pharmaceuticals Inc. stock. Previously, the target price had yet another raise to $20, while Robert W. Baird analysts kept a Outperform rating on ALNA stock.
The Average True Range (ATR) for Allena Pharmaceuticals Inc. is set at 0.28 The Price to Book ratio for the last quarter was 4.67, with the Price to Cash per share for the same quarter was set at 0.76.
Trading performance analysis for ALNA stock
Allena Pharmaceuticals Inc. [ALNA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -25.83. With this latest performance, ALNA shares gained by 5.24% in over the last four-week period, additionally plugging by 5.24% over the last 6 months – not to mention a drop of -53.58% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ALNA stock in for the last two-week period is set at 53.02, with the RSI for the last a single of trading hit 48.84, and the three-weeks RSI is set at 53.24 for Allena Pharmaceuticals Inc. [ALNA]. The present Moving Average for the last 50 days of trading for this stock 1.65, while it was recorded at 2.19 for the last single week of trading, and 2.62 for the last 200 days.
Allena Pharmaceuticals Inc. [ALNA]: A deeper dive into fundamental analysis
Allena Pharmaceuticals Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.80 and a Current Ratio set at 2.80.
Allena Pharmaceuticals Inc. [ALNA]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Allena Pharmaceuticals Inc. posted -0.54/share EPS, while the average EPS was predicted by analysts to be reported at -0.54/share. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ALNA.
An analysis of insider ownership at Allena Pharmaceuticals Inc. [ALNA]
There are presently around $32 million, or 61.90% of ALNA stock, in the hands of institutional investors. The top three institutional holders of ALNA stocks are: FRAZIER MANAGEMENT LLC with ownership of 3,330,373, which is approximately 0% of the company’s market cap and around 10.16% of the total institutional ownership; TRV GP II, LLC, holding 2,790,964 shares of the stock with an approximate value of $6.06 million in ALNA stocks shares; and DEER VII & CO. LTD., currently with $4.91 million in ALNA stock with ownership of nearly 0% of the company’s market capitalization.
Positions in Allena Pharmaceuticals Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 14 institutional holders increased their position in Allena Pharmaceuticals Inc. [NASDAQ:ALNA] by around 1,444,717 shares. Additionally, 16 investors decreased positions by around 1,108,520 shares, while 9 investors held positions by with 12,242,180 shares. The mentioned changes placed institutional holdings at 14,795,417 shares, according to the latest SEC report filing. ALNA stock had 8 new institutional investments in for a total of 511,957 shares, while 9 institutional investors sold positions of 494,984 shares during the same period.