Allarity Therapeutics Inc [NASDAQ: ALLR] gained 2.56% on the last trading session, reaching $0.16 price per share at the time.
If compared to the average trading volume of 5.77M shares, ALLR reached a trading volume of 1550271 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying about 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.
The Average True Range (ATR) for Allarity Therapeutics Inc is set at 0.02 The Price to Book ratio for the last quarter was 0.28, with the Price to Cash per share for the same quarter was set at 0.45.
Trading performance analysis for ALLR stock
Allarity Therapeutics Inc [ALLR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -9.45. With this latest performance, ALLR shares dropped by -12.09% in over the last four-week period, additionally sinking by -97.93% over the last 6 months – not to mention a drop of -99.50% 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 40.69, with the RSI for the last a single of trading hit 44.47, and the three-weeks RSI is set at 33.11 for Allarity Therapeutics Inc [ALLR]. The present Moving Average for the last 50 days of trading for this stock 0.1947, while it was recorded at 0.1661 for the last single week of trading, and 4.7610 for the last 200 days.
Allarity Therapeutics Inc [ALLR]: A deeper dive into fundamental analysis
Allarity Therapeutics Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.01 and a Current Ratio set at 2.01.
Allarity Therapeutics Inc [ALLR]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Allarity Therapeutics Inc posted -44.8/share EPS, while the average EPS was predicted by analysts to be reported at -163.4/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 118.6. 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 ALLR.
