With 6.05 million shares changed hands, the volume of the stock remained heavier than its average volume of 5.15 million shares. The 52-week range on ALLO shows that it touched its highest point at $5.78 and its lowest point at $1.32 during that stretch. It currently has a 1-year price target of $9.96. Beta for the stock currently stands at 1.01.
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 ALLO was down-trending over the past week, with a drop of -10.14%, but this was up by 5.98% over a month. Three-month performance dropped to -14.47% while six-month performance fell -27.24%. The stock lost -62.06% in the past year, while it has lost -8.45% so far this year. A look at the trailing 12-month EPS for ALLO yields -1.56 with Next year EPS estimates of -1.35. For the next quarter, that number is -0.33. This implies an EPS growth rate of 36.25% for this year and -1.65% for next year. EPS is expected to grow by 11.41% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 22.18%.
Float and Shares Shorts:
At present, 209.50 million ALLO shares are outstanding with a float of 134.74 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ALLO since 6 analysts follow the stock currently. There are 6 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$1.27357 being high and -$1.43032 being low. For ALLO, this leads to a yearly average estimate of -$1.33235. Based on analyst estimates, the high estimate for the next quarter is -$0.25 and the low estimate is -$0.39. The average estimate for the next quarter is thus -$0.32.
