The stock of Allakos Inc. (NASDAQ:ALLK) decreased by -$0.04 on Friday to finish at $2.92, down -1.35 percent. The last five days have seen an average of 1,056,140 shares of common stock traded. 1 time new highs were reached in the current year, with a fall of -$5.50. The average number of shares traded over the last 20 days was 1,023,355, while the average volume over the last 50 days totaled 1,010,740.
ALLK stock dropped -37.34% since last month. On 08/22/23, the company’s shares reached a one-month low of $2.69. The stock touched a high of $8.73 on 01/03/23, after rallying from a low of $2.69 in 52 weeks. The price of ALLK stock has declined by -65.32% or -$5.50 this year, reaching a new high 1 time. Still, the stock price is down -66.55% from the 52-week high.
Insider Transactions
ALLK stock investors should be aware that Allakos Inc. (ALLK) stock had its last reported insider trading activity 341 days ago on Sep 21. On Sep 21, Director Walker Paul Edward acquired 3,984,000 shares at $5.02 each. This transaction resulted in the insider spending $19,999,680. On Sep 21, JANNEY DANIEL added 475,000 shares at a price of US$5.02. After the transaction, the insider now owns 2,546,147 shares.
Financial Health
For the three months ended June 29, Allakos Inc.’s quick ratio was 10.30, while its current ratio was 10.30, indicating its ability to pay off its debt.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ALLK’s return on assets (ROA) during the last 12 months has been -41.10%. In the meantime, the return on equity (ROE) for the last 12 months was -50.90%.
Earnings Surprise
According to Allakos Inc.’s quarterly financial report for the quarter that ended June 29. It was predicted that Allakos Inc.’s quarterly earnings would be -$0.41, but it ended up being -$0.48, beating the consensus by 14.60%. At the end of Allakos Inc.’s most recent quarter ended June 29, its liabilities totaled 64.22 million, while its total debt was $42.38 million. Equity owned by shareholders amounts to $86.92 million.
Technical Picture
Here’s a quick look at Allakos Inc.’s (ALLK) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 23.08%, suggesting the stock is oversold, with a 123.07% historical volatility rate.
The stochastic %K and %D were 8.99% and 7.10% respectively, while the average true range (ATR) was 0.31. Based on the 14-day stochastic reading of 8.33%, the RSI (14) reading is 26.65%. On the 9-day MACD Oscillator, the stock is at -0.21, and the 14-day reading is at -0.72.
Analyst Ratings
In its most recent analyst report, Jefferies raised its rating on Allakos Inc. (NASDAQ: ALLK) to a Buy. Prior to this, analysts firm rated the stock as a Hold. Analysts have assigned Allakos Inc. (ALLK) an Hold rating. ALLK is a stock that is recommended for selling by 1 brokerage firm, while 4 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 0 rates it overweight and 2 others recommend it as a buy.
What is ALLK’s price target for the next 12 months?
The current consensus forecast for the stock is between $2.50 and $22.00, with a median target price of $6.00. In analyzing these forecasts, the average price target given by analysts for Allakos Inc. (ALLK) is $8.17.
