Allego NV (ALLG) is looking forward to a strong quarter

With 2.13 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.4 million shares. The 52-week range on ALLG shows that it touched its highest point at $3.88 and its lowest point at $0.57 during that stretch. It currently has a 1-year price target of $4.00. Beta for the stock currently stands at 0.53.

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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 ALLG was up-trending over the past week, with a rise of 83.23%, but this was up by 50.00% over a month. Three-month performance surged to 11.68% while six-month performance fell -27.14%. The stock lost -33.77% in the past year, while it has gained 13.33% so far this year. A look at the trailing 12-month EPS for ALLG yields -0.48 with Next year EPS estimates of 0.08. For the next quarter, that number is -0.04. This implies an EPS growth rate of 70.96% for this year and 120.00% for next year.

Float and Shares Shorts:

At present, 267.18 million ALLG shares are outstanding with a float of 7.80 million shares on hand for trading. In addition to ALL as the firm’s Allstate Corporation (The), ALLY serves as its Ally Financial Inc.

Institutional Ownership:

Through their ownership of 81.91% of ALLG’s outstanding shares, institutional investors have majority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. Over the past year, revenue came in at $48.22M while operating income stood at -$136.19M. EBITDA for the full year was -$123.74M.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ALLG 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.