Allot Ltd [NASDAQ: ALLT] loss -16.65% or 396940.39 points to close at $396950.0 with a heavy trading volume of 4773241 shares.
It opened the trading session at $8.11, the shares rose to $8.18 and dropped to $7.92, the range by which the price of stock traded the whole day. The daily chart for ALLT points out that the company has recorded 63.14% gains over the past six months.
If we look at the average trading volume of 396.95K shares, ALLT reached to a volume of 4773241 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Allot Ltd [ALLT]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ALLT shares is $13.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ALLT 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.
Northland Capital have made an estimate for Allot Ltd shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on August 05, 2024. The new note on the price target was released on May 17, 2022, representing the official price target for Allot Ltd stock. Previously, the target price had yet another drop from $14 to $10, while BofA Securities kept a Underperform rating on ALLT stock.
The Price to Book ratio for the last quarter was 6.37, with the Price to Cash per share for the same quarter was set at 1.53. Price to Free Cash Flow for ALLT in the course of the last twelve months was 46.47 with Quick ratio for the last quarter at 2.27.
Trading performance analysis for ALLT stock
Allot Ltd [ALLT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.18. With this latest performance, ALLT shares gained by 0.63% in over the last four-week period, additionally plugging by 63.14% over the last 6 months – not to mention a rise of 34.62% in the past year of trading.
Allot Ltd [ALLT]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Allot Ltd [ALLT] shares currently have an operating margin of -4.03% and a Gross Margin at 69.29%. Allot Ltd’s Net Margin is presently recorded at -3.95%.
Return on Equity for this stock declined to -2.70%, with Return on Assets sitting at -2.70%.
An analysis of Institutional ownership at Allot Ltd [ALLT]
There are presently around $67.36%, or 67.50% of ALLT stock, in the hands of institutional investors. The top three institutional holders of ALLT stocks are: LYNROCK LAKE LP with ownership of 8.77 million shares, which is approximately 22.6508%. QVT FINANCIAL LP, holding 2.86 million shares of the stock with an approximate value of $$6.63 million in ALLT stocks shares; and QVT FINANCIAL LP, currently with $$4.11 million in ALLT stock with ownership which is approximately 4.5759%.
