Taking on analysts’ expectations and winning: Allot Ltd. (ALLT)

Allot Ltd. (NASDAQ: ALLT) stock fell -3.15% on Wednesday to $4.00 against a previous-day closing price of $4.13. With 0.14 million shares changed hands, the volume of the stock remained heavier than its average volume of 97570.0 shares. During the session, the Communication Equipment company that operates in wider Technology sector, reached to the highest price of $4.1600 whereas the lowest price it dropped to was $3.8800. The 52-week range on ALLT shows that it touched its highest point at $13.23 and its lowest point at $3.47 during that stretch. It currently has a 1-year price target of $7.25. Beta for the stock currently stands at 0.97.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ALLT was down-trending over the past week, with a drop of -6.98%, but this was up by 8.40% over a month. Three-month performance dropped to -16.32% while six-month performance fell -23.52%. The stock lost -65.37% in the past year, while it has lost -66.33% so far this year. A look at the trailing 12-month EPS for ALLT yields -0.80 with Next year EPS estimates of -0.55. For the next quarter, that number is -0.15. This implies an EPS growth rate of -56.20% for this year and 14.10% for next year.

Float and Shares Shorts:

At present, 37.20 million ALLT shares are outstanding with a float of 34.85 million shares on hand for trading. On Oct 13, 2022, short shares totaled 0.14 million, which was 0.36% higher than short shares on Sep 14, 2022. In addition to Mr. Erez Antebi as the firm’s CEO & Pres, Mr. Ziv Leitman serves as its Chief Financial Officer.


Institutional Ownership:

Through their ownership of 74.62% of ALLT’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 71.25% of ALLT, in contrast to 4.76% held by mutual funds. Shares owned by individuals account for 13.10%. As the largest shareholder in ALLT with 24.51% of the stake, Lynrock Lake LP holds 8,768,666 shares worth 8,768,666. A second-largest stockholder of ALLT, VIEX Capital Advisors LLC, holds 2,347,017 shares, controlling over 6.56% of the firm’s shares. Clal Pension & Provident Funds Lt is the third largest shareholder in ALLT, holding 2,327,853 shares or 6.51% stake. With a 2.21% stake in ALLT, the Defiance Next Gen Connectivity ET is the largest stakeholder. A total of 789,357 shares are owned by the mutual fund manager. The Roumell Opportunistic Value Fund, which owns about 1.82% of ALLT stock, is the second-largest Mutual Fund holder. It holds 652,395 shares valued at 2.57 million. ARK Israel Innovative Technology holds 1.49% of the stake in ALLT, owning 532,939 shares worth 2.1 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ALLT since 4 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 1 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With ALLT analysts setting a high price target of $12.00 and a low target of $5.00, the average target price over the next 12 months is $7.25. Based on these targets, ALLT could surge 200.0% to reach the target high and rise by 25.0% to reach the target low. Reaching the average price target will result in a growth of 81.25% from current levels.


EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. ALLT will report FY 2022 earnings on 02/07/2023. Analysts have provided yearly estimates in a range of -$0.60 being high and -$0.72 being low. For ALLT, this leads to a yearly average estimate of -$0.64. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Allot Ltd. surprised analysts by $0.03 when it reported -$0.28 EPS against a consensus estimate of -$0.31. The surprise factor in the prior quarter was $0.08. Based on analyst estimates, the high estimate for the next quarter is -$0.11 and the low estimate is -$0.23. The average estimate for the next quarter is thus -$0.15.

Summary of Insider Activity:

Insiders traded ALLT stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.

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