As of Wednesday close, Allarity Therapeutics Inc.’s (NASDAQ:ALLR) stock traded at $1.59. The average number of shares traded per day over the past five days has been 422,900 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.2800 fall in that time frame. In the last twenty days, the average volume was 206,770, while in the previous 50 days, it was 820,917.
Since last month, ALLR stock retreated -36.14%. Shares of the company fell to $1.5400 on 08/29/23, the lowest level in the past month. A 52-week high of $2100.00 was reached on 01/23/23 after having rallying from a 52-week low of $1.54. Since the beginning of this year, ALLR’s stock price has dropped by -99.61% or -$409.7300, and marked a new high 2 times. However, the stock has declined by -99.92% since its 52-week high.
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Valuation Metrics
Right now, Allarity Therapeutics Inc. (ALLR) has a P/E ratio of about 0.00. The stock’s beta is -0.66.
Financial Health
In the three months ended June 29, Allarity Therapeutics Inc.’s quick ratio stood at 0.30, while its current ratio was 0.30, showing that the company is not able to pay off its debt. Based on annual data, ALLR earned $0.22 million in gross profit and brought in $34.46 million in revenue.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected Allarity Therapeutics Inc. to report -$11.19 quarterly earnings, the actual figure was -$26.28 per share, beating the consensus estimate by -134.90%. During the quarter, the company generated -$4.15 million in EBITDA. The liabilities of Allarity Therapeutics Inc. were 14.15 million at the end of its most recent quarter ended June 29, and its total debt was $1.49 million. The value of shareholders’ equity is $2.73 million.
Technical Picture
This quick technical analysis looks at Allarity Therapeutics Inc.’s (ALLR) price momentum. With a historical volatility rate of 79.33%, the RSI 9-day stood at 26.06% on 30 August.
With respect to its five-day moving average, the current Allarity Therapeutics Inc. price is down by -14.97% percent or -$0.2800. At present, ALLR shares trade -37.15% below its 20-day simple moving average and -96.79% percent below its 100-day simple moving average. However, the stock is currently trading approximately -79.50% below its SMA50 and -99.79% below its SMA200.
Stochastic coefficient K was 5.75% and Stochastic coefficient D was 6.19%, while ATR was 0.1843. Given the Stochastic reading of 7.81% for the 14-day period, the RSI (14) reading has been calculated as 25.75%. As of today, the MACD Oscillator reading stands at -0.1033, while the 14-day reading stands at -0.1945.
Analyst Ratings
Allarity Therapeutics Inc. (ALLR) has been rated Hold by analysts. According to 0 brokerage firms, ALLR is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Allarity Therapeutics Inc. stock as buy, with 0 recommending it as overweight.
With a median target price of $8.00, the current consensus forecast for the stock is $8.00 – $8.00. Based on these forecasts, analysts predict Allarity Therapeutics Inc. (ALLR) will achieve an average price target of $8.00.
