Allakos Inc. (NASDAQ:ALLK) finished Friday with a subtraction of -$0.29 to close at $4.22, a downside of -6.32 percent. An average of 786,820 shares of common stock have been traded in the last five days. There was a fall of -$1.26 in the past week, and it reached a new high 17 times over the past 12 months. The last 20 days have seen an average of 692,460 shares traded, while the 50-day average volume stands at 933,410.
ALLK stock has decreased by -11.05% in the last month. The company shares reached their 1-month lowest point of $4.22 on 08/11/23. With the stock rallying to its 52-week high on 01/03/23, shares of the company touched a low of $3.30 and a high of $8.73 in 52 weeks. It has reached a new high 1 time so far this year and lost -49.82% or -$4.20 in price. In spite of this, the price is down -51.60% from the 52-week high.
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Valuation Metrics
Allakos Inc. (ALLK) stock’s beta is 0.44. Other valuation ratios to consider include the price-to-book (PB) ratio at 1.29.
Financial Health
The quick ratio of Allakos Inc. for the three months ended June 29 was 9.60, and the current ratio was 9.60, 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 June 29.
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 -45.20%.
Earnings Surprise
For the three-month period that ended June 29, Allakos Inc. had $153.72 million in cash. The company posted a net income of -$35.12 million in the quarter, while revenues of -$42.4 million were shrunk -39.81%. The analyst consensus anticipated Allakos Inc.’s latest quarter earnings to come in at -$0.48 per share, but it turned out to be -$0.41, a 14.60% surprise. Shareholders own equity worth $86.92 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 11 August was 31.19%, suggesting the stock is Neutral, with historical volatility in this time frame at 121.19%.
As of today, ALLK’s price is $4.82 -23.04% or -$1.26 from its 5-day moving average. ALLK is currently trading -9.14% lower than its 20-day SMA and -14.82% lower than its 100-day SMA. However, the stock’s current price level is -15.16% below the SMA50 and -28.99% below the SMA200.
The stochastic %K and %D were 14.37% and 33.79%, respectively, and the average true range (ATR) was 0.36. With the 14-day stochastic at 0.35% and the average true range at 0.32, the RSI (14) stands at 36.80%. The stock has reached -0.57 on the 9-day MACD Oscillator while the 14-day reading was at -0.51.
Analyst Ratings
Jefferies upgraded Allakos Inc. (NASDAQ: ALLK) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Hold. The consensus rating for Allakos Inc. (ALLK) among analysts is Hold. According to current brokerage recommendations, 1 brokerage firm advise that investors sell ALLK, while 4 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 others rate it as a “buy”.
What is ALLK’s price target for the next 12 months?
Analysts predict a range of price targets between $2.50 and $22.00, with a median target of $6.00. Taking a look at these predictions, the average price target given by analysts for Allakos Inc. (ALLK) stock is $8.25.
