Allakos Inc [NASDAQ: ALLK] stock went on an upward path that rose over 4.89% on Thursday, amounting to a one-week price decrease of less than -7.07%.
Over the last 12 months, ALLK stock dropped by -23.53%. The one-year Allakos Inc stock forecast points to a potential upside of 72.84. The average equity rating for ALLK stock is currently 2.20, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $81.30 million, with 89.34 million shares outstanding and 77.07 million shares in the current float. Compared to the average trading volume of 693.63K shares, ALLK stock reached a trading volume of 5441395 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $3.35 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 2.20. 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 0.11 The Price to Book ratio for the last quarter was 1.12, with the Price to Cash per share for the same quarter was set at 1.04.
ALLK Stock Performance Analysis:
Allakos Inc [ALLK] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.07. With this latest performance, ALLK shares dropped by -13.33% in over the last four-week period, additionally plugging by 10.50% over the last 6 months – not to mention a drop of -23.53% 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 38.47, with the RSI for the last a single of trading hit 34.20, and the three-weeks RSI is set at 42.11 for Allakos Inc [ALLK]. The present Moving Average for the last 50 days of trading for this stock 1.1189, while it was recorded at 0.8986 for the last single week of trading, and 0.9855 for the last 200 days.
Insight into Allakos Inc Fundamentals:
Allakos Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 6.08 and a Current Ratio set at 6.08.
Allakos Inc [ALLK] Institutonal Ownership Details
There are presently around $81.57%, or 83.34%% 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%.
