Allakos Inc (NASDAQ: ALLK) stock jumped 5.59% on Friday to $1.89 against a previous-day closing price of $1.79. With 0.63 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.06 million shares. During the session, the Biotechnology company that operates in wider Healthcare sector, reached to the highest price of $1.9150 whereas the lowest price it dropped to was $1.7600. The 52-week range on ALLK shows that it touched its highest point at $8.73 and its lowest point at $1.48 during that stretch. It currently has a 1-year price target of $10.62. Beta for the stock currently stands at 0.58.
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 ALLK was up-trending over the past week, with a rise of 5.59%, but this was down by -0.53% over a month. Three-month performance dropped to -35.60% while six-month performance fell -61.43%. The stock lost -74.87% in the past year, while it has lost -77.55% so far this year. A look at the trailing 12-month EPS for ALLK yields -1.93 with Next year EPS estimates of -1.74. For the next quarter, that number is -0.50. This implies an EPS growth rate of 62.13% for this year and 9.20% for next year. EPS is expected to grow by 26.70% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -55.32%.
Float and Shares Shorts:
At present, 85.39 million ALLK shares are outstanding with a float of 66.71 million shares on hand for trading. On Oct 30, 2023, short shares totaled 3.95 million, which was 4.55% higher than short shares on Sep 28, 2023. In addition to Dr. Robert Alexander Ph.D. as the firm’s CEO & Director, Dr. Adam L. Tomasi Ph.D. serves as its President.
Through their ownership of 89.56% of ALLK’s outstanding shares, institutional investors have majority control over the company.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ALLK since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With ALLK analysts setting a high price target of $22.00 and a low target of $1.50, the average target price over the next 12 months is $10.63. Based on these targets, ALLK could surge 1064.02% to reach the target high and fall by -20.63% to reach the target low. Reaching the average price target will result in a growth of 462.43% from current levels.
Summary of Insider Activity:
Insiders traded ALLK stock several times over the past three months with 0 Buys and 4 Sells. In these transactions, 0 shares were bought while 63,761 shares were sold. The number of buy transactions has increased to 5 while that of sell transactions has risen to 19 over the past year. The total number of shares bought during that period was 2,190,280 while 8,262,185 shares were sold.