Allarity Therapeutics Inc [NASDAQ: ALLR] stock went on a downward path that fall over -9.90% on Monday, amounting to a one-week price decrease of less than -34.71%.
Over the last 12 months, ALLR stock dropped by -99.74%. The one-year Allarity Therapeutics Inc stock forecast points to a potential upside of 88.75. The average equity rating for ALLR stock is currently 1.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $2.15 million, with 2.39 million shares outstanding and 2.13 million shares in the current float. Compared to the average trading volume of 2.16M shares, ALLR stock reached a trading volume of 20831002 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Allarity Therapeutics Inc [ALLR]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ALLR shares is $8.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ALLR stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
ALLR Stock Performance Analysis:
Allarity Therapeutics Inc [ALLR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -34.71. With this latest performance, ALLR shares dropped by -80.07% in over the last four-week period, additionally sinking by -91.77% over the last 6 months – not to mention a drop of -99.74% 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 ALLR stock in for the last two-week period is set at 13.76, with the RSI for the last a single of trading hit 12.74, and the three-weeks RSI is set at 16.29 for Allarity Therapeutics Inc [ALLR]. The present Moving Average for the last 50 days of trading for this stock 4.7914, while it was recorded at 1.1542 for the last single week of trading, and 14.9318 for the last 200 days.
Insight into Allarity Therapeutics Inc Fundamentals:
Allarity Therapeutics Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.14 and a Current Ratio set at 0.14.
Allarity Therapeutics Inc [ALLR] Institutonal Ownership Details
The top three institutional holders of ALLR stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in ALLR stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in ALLR stock with ownership which is approximately 5.8386%.
