Allarity Therapeutics Inc. (NASDAQ:ALLR) finished Thursday with an addition of $0.06 to close at $0.28, an upside of 25.77 percent. An average of 989,260 shares of common stock have been traded in the last five days. There was a gain of $0.0215 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 1,818,965 shares traded, while the 50-day average volume stands at 776,394.
ALLR stock has decreased by -37.40% in the last month. The company shares reached their 1-month lowest point of $0.2111 on 12/29/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $0.22 and a high of $12.86 in 52 weeks. It has reached a new high 1 time so far this year and lost -97.33% or -$10.0978 in price. In spite of this, the price is down -97.85% from the 52-week high.
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The quick ratio of Allarity Therapeutics Inc. for the three months ended September 29 was 0.50, and the current ratio was 0.50, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.79 and a total debt to equity ratio of 0.79 for the quarter ending September 29. Its gross profit as reported stood at -$26.56 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Allarity Therapeutics Inc.’s return on assets was -113.70%.
In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$5.04 million in the quarter, while revenues of -$5.1 million were grew 73.21%. The analyst consensus anticipated Allarity Therapeutics Inc.’s latest quarter earnings to come in at -$0.25 per share, but it turned out to be -$0.68, a -172.00% surprise. For the quarter, EBITDA amounted to -$4.55 million. Shareholders own equity worth $10.26 million.
From a technical analysis perspective, let’s take a brief look at Allarity Therapeutics Inc. (ALLR) price momentum. RSI 9-day as of the close on 29 December was 43.36%, suggesting the stock is Neutral, with historical volatility in this time frame at 248.25%.
As of today, ALLR’s price is $0.2396 +8.42% or $0.0215 from its 5-day moving average. ALLR is currently trading -38.37% lower than its 20-day SMA and -76.15% lower than its 100-day SMA. However, the stock’s current price level is -65.41% below the SMA50 and -88.07% below the SMA200.
The stochastic %K and %D were 2.51% and 1.24%, respectively, and the average true range (ATR) was 0.1110. With the 14-day stochastic at 5.76% and the average true range at 0.1086, the RSI (14) stands at 39.58%. The stock has reached -0.0246 on the 9-day MACD Oscillator while the 14-day reading was at -0.0442.
The consensus rating for Allarity Therapeutics Inc. (ALLR) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell ALLR, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.
What is ALLR’s price target for the next 12 months?
Analysts predict a range of price targets between $8.00 and $8.00, with a median target of $8.00. Taking a look at these predictions, the average price target given by analysts for Allarity Therapeutics Inc. (ALLR) stock is $8.00.