What You Need To Know About Allakos Inc. (ALLK)

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Allakos Inc. (NASDAQ:ALLK) finished Friday with an addition of $0.2 to close at $8.42, an upside of 2.43 percent. An average of 776,760 shares of common stock have been traded in the last five days. There was a gain of $0.33 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 1,226,765 shares traded, while the 50-day average volume stands at 1,138,938.

ALLK stock has increased by 2.06% in the last month. The company shares reached their 1-month lowest point of $6.32 on 12/19/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $2.54 and a high of $10.66 in 52 weeks. It has reached a new high 1 time so far this year and lost -13.99% or -$1.37 in price. In spite of this, the price is down -20.98% from the 52-week high.

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Valuation Metrics

Allakos Inc. (ALLK) stock’s beta is 0.51. Other valuation ratios to consider include the price-to-book (PB) ratio at 1.42.

Financial Health

The quick ratio of Allakos Inc. for the three months ended September 29 was 12.30, and the current ratio was 12.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending September 29. Its gross profit as reported stood at $1.61 million compared to revenue of $271.48 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, Allakos Inc.’s return on assets was -92.50%.

Earnings Surprise

For the three-month period that ended September 29, Allakos Inc. had $120.03 million in cash. The company posted a net income of -$30.84 million in the quarter, while revenues of -$49.1 million were shrunk -103.4%. The analyst consensus anticipated Allakos Inc.’s latest quarter earnings to come in at -$0.78 per share, but it turned out to be -$0.53, a 32.10% surprise. Shareholders own equity worth $85.2 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Allakos Inc. (ALLK) price momentum. RSI 9-day as of the close on 30 December was 65.74%, suggesting the stock is Neutral, with historical volatility in this time frame at 121.45%.

As of today, ALLK’s price is $7.85 +4.08% or $0.33 from its 5-day moving average. ALLK is currently trading +1.45% higher than its 20-day SMA and +130.05% higher than its 100-day SMA. However, the stock’s current price level is +44.43% above the SMA50 and +50.36% above the SMA200.

The stochastic %K and %D were 84.09% and 74.19%, respectively, and the average true range (ATR) was 0.57. With the 14-day stochastic at 99.53% and the average true range at 0.55, the RSI (14) stands at 62.60%. The stock has reached 0.34 on the 9-day MACD Oscillator while the 14-day reading was at 0.52.

Analyst Ratings

SMBC Nikko downgraded Allakos Inc. (NASDAQ: ALLK) to a an Underperform rating in its most recent analyst report. Previously, the stock was rated as a Neutral.

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