Allakos Inc [NASDAQ: ALLK] surged by $0.49 during the normal trading session on while it closed the day at $1.34.
Allakos Inc stock has also gained 112.16% of its value over the past 7 days. However, ALLK stock has inclined by 52.32% in the 3 months of the year. Over the past six months meanwhile, it has gained 27.62% and lost -50.92% year-on date.
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The market cap for ALLK stock reached $119.06 million, with 87.75 million shares outstanding and 76.12 million shares in the current float. Compared to the average trading volume of 361.17K shares, ALLK reached a trading volume of 9063139 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Allakos Inc [ALLK]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ALLK shares is $2.77 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ALLK stock is a recommendation set at 2.71. 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.
Jefferies have made an estimate for Allakos Inc shares, keeping their opinion on the stock as Hold, with their previous recommendation back on January 17, 2024. The new note on the price target was released on January 16, 2024, representing the official price target for Allakos Inc stock. On December 08, 2023, analysts decreased their price target for ALLK shares from 9 to 6.
The Average True Range (ATR) for Allakos Inc is set at 0.10 The Price to Book ratio for the last quarter was 1.42, with the Price to Cash per share for the same quarter was set at 1.39.
ALLK stock trade performance evaluation
Allakos Inc [ALLK] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 112.16. With this latest performance, ALLK shares gained by 146.41% in over the last four-week period, additionally plugging by 27.62% over the last 6 months – not to mention a drop of -26.37% 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 ALLK stock in for the last two-week period is set at 85.61, with the RSI for the last a single of trading hit 90.98, and the three-weeks RSI is set at 79.59 for Allakos Inc [ALLK]. The present Moving Average for the last 50 days of trading for this stock 0.6670, while it was recorded at 0.8323 for the last single week of trading, and 1.0818 for the last 200 days.
Allakos Inc [ALLK]: An insightful look at the core fundamentals
Allakos Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.57 and a Current Ratio set at 3.57.
Earnings per share (EPS) analysis for Allakos Inc [ALLK] stock
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 ALLK. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Allakos Inc go to 26.70%.
Allakos Inc [ALLK]: Institutional Ownership
There are presently around $88.08%, or 90.18%% of ALLK stock, in the hands of institutional investors. The top three institutional holders of ALLK stocks are: BVF INC/IL with ownership of 16.55 million shares, which is approximately 18.8006%. NEA MANAGEMENT COMPANY, LLC, holding 6.15 million shares of the stock with an approximate value of $$6.15 million in ALLK stocks shares; and NEA MANAGEMENT COMPANY, LLC, currently with $$5.0 million in ALLK stock with ownership which is approximately 5.6791%.
