Allarity Therapeutics Inc [NASDAQ: ALLR] traded at a low on Tuesday, posting a -11.54 loss after which it closed the day’ session at $2.99.
The results of the trading session contributed to over 11230625 shares changing hands. Over the past one week, the price volatility of Allarity Therapeutics Inc stands at 37.10% while the volatility over the past one month is 17.94%.
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Compared to the average trading volume of 229.94K shares, ALLR reached a trading volume of 11230625 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say 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 0.78 The Price to Book ratio for the last quarter was 0.18, with the Price to Cash per share for the same quarter was set at 13.64.
How has ALLR stock performed recently?
Allarity Therapeutics Inc [ALLR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -12.19. With this latest performance, ALLR shares dropped by -40.82% in over the last four-week period, additionally sinking by -98.58% over the last 6 months – not to mention a drop of -99.48% 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 33.53, with the RSI for the last a single of trading hit 31.73, and the three-weeks RSI is set at 31.83 for Allarity Therapeutics Inc [ALLR]. The present Moving Average for the last 50 days of trading for this stock 4.97, while it was recorded at 3.29 for the last single week of trading, and 124.93 for the last 200 days.
Allarity Therapeutics Inc [ALLR]: Deeper insight into the fundamentals
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.
