As of Friday close, The Allstate Corporation’s (NYSE:ALL) stock was down -$6.99, moving down -6.24 percent to $105.11. The average number of shares traded per day over the past five days has been 4,125,620 shares. 2 times new highs have been achieved over the past 5 days, with a -$13.09 fall in that time frame. In the last twenty days, the average volume was 2,246,780, while in the previous 50 days, it was 1,933,122.
Since last month, ALL stock retreated -23.36%. Shares of the company fell to $104.32 on 03/17/23, the lowest level in the past month. A 52-week high of $144.46 was reached on 01/10/23 after having rallying from a 52-week low of $107.86. Since the beginning of this year, ALL’s stock price has dropped by -22.49% or -$30.49, and marked a new high 5 times. However, the stock has declined by -27.24% since its 52-week high.
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ALL stock investors should be aware that The Allstate Corporation (ALL) stock had its last reported insider trading activity 24 days ago on Feb 22. Merten Jesse E, the EVP & Chief Financial Officer of the company, disposed of 29,451 shares for $134.18 on Feb 22. It resulted in a $3,951,588 divestment by the insider. Gupta Suren sold 20,241 shares at an average price of $137.00 on Jan 03. The insider now owns 82,270 shares following the transaction. On Dec 21, President, Enterprise Services Gupta Suren sold 40,000 shares at $135.25 apiece. The transaction was valued at $5,410,200.
The stock’s beta is 0.61. Besides these, the trailing price-to-sales (P/S) ratio of 0.54, the price-to-book (PB) ratio of 1.79, and the price-to-cash flow ratio of 7.41 may also be considered.
The latest dividend of $0.89 per share was paid out, which is 4.71% more than last year’s $0.85. On Friday February 17 2023, a $0.04 dividend increase was announced.
According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 0.51, and the total debt-to-equity ratio was 0.51. In the year ended December 30, operating margins totaled -3.60%. Based on annual data, ALL earned -$1.86 billion in gross profit and brought in $51.41 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -5.80%. Return on equity (ROE) for the past 12 months was -8.00%.
In The Allstate Corporation’s quarter-end financial report for December 30, it reported total debt of $7.97 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. ALL’s revenue rose 5.51% to $12.22 billion during the quarter, while net income inched up to $13.21 billion. While analysts expected The Allstate Corporation to report -$1.36 quarterly earnings, the actual figure was -$1.36 per share. During the quarter, the company generated -$111.0 million in EBITDA. The value of shareholders’ equity is $263.33 million.
This quick technical analysis looks at The Allstate Corporation’s (ALL) price momentum. With a historical volatility rate of 28.75%, the RSI 9-day stood at 12.74% on 17 March.
With respect to its five-day moving average, the current The Allstate Corporation price is down by -11.07% percent or -$13.09. At present, ALL shares trade -23.33% below its 20-day simple moving average and -12.47% percent below its 100-day simple moving average. However, the stock is currently trading approximately -24.36% below its SMA50 and -23.10% below its SMA200.
Stochastic coefficient K was 10.78% and Stochastic coefficient D was 9.78%, while ATR was 4.18. Given the Stochastic reading of 3.14% for the 14-day period, the RSI (14) reading has been calculated as 17.58%. As of today, the MACD Oscillator reading stands at -6.39, while the 14-day reading stands at -10.68.
With a median target price of $144.50, the current consensus forecast for the stock is $104.00 – $176.00. Based on these forecasts, analysts predict The Allstate Corporation (ALL) will achieve an average price target of $141.81.