As of Thursday close, Allakos Inc.’s (NASDAQ:ALLK) stock was down -$0.02, moving down -0.93 percent to $2.13. The average number of shares traded per day over the past five days has been 2,142,040 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.35 fall in that time frame. In the last twenty days, the average volume was 1,216,825, while in the previous 50 days, it was 1,013,096.
Since last month, ALLK stock retreated -22.83%. Shares of the company fell to $2.03 on 09/21/23, the lowest level in the past month. A 52-week high of $8.73 was reached on 01/03/23 after having rallying from a 52-week low of $2.13. Since the beginning of this year, ALLK’s stock price has dropped by -74.70% or -$6.29, and marked a new high 1 time. However, the stock has declined by -75.60% since its 52-week high.
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Financial Health
In the three months ended June 29, Allakos Inc.’s quick ratio stood at 10.30, while its current ratio was 10.30, showing that the company is able to pay off its debt.
While analysts expected Allakos Inc. to report -$0.48 quarterly earnings, the actual figure was -$0.41 per share, beating the consensus estimate by 14.60%. The liabilities of Allakos Inc. were 64.22 million at the end of its most recent quarter ended June 29, and its total debt was $42.38 million. The value of shareholders’ equity is $86.92 million.
Technical Picture
This quick technical analysis looks at Allakos Inc.’s (ALLK) price momentum. With a historical volatility rate of 61.33%, the RSI 9-day stood at 19.65% on 21 September.
With respect to its five-day moving average, the current Allakos Inc. price is down by -14.11% percent or -$0.35. At present, ALLK shares trade -28.28% below its 20-day simple moving average and -49.88% percent below its 100-day simple moving average. However, the stock is currently trading approximately -55.35% below its SMA50 and -74.40% below its SMA200.
Stochastic coefficient K was 4.01% and Stochastic coefficient D was 6.25%, while ATR was 0.23. Given the Stochastic reading of 9.09% for the 14-day period, the RSI (14) reading has been calculated as 23.61%. As of today, the MACD Oscillator reading stands at -0.19, while the 14-day reading stands at -0.40.
Analyst Ratings
Jefferies upgraded its rating on Allakos Inc. (NASDAQ: ALLK) to a Buy in a note to investors on May 12, 2023. The analysts firm previously had a Hold rating on the stock.Allakos Inc. (ALLK) has been rated Overweight by analysts. According to 1 brokerage firm, ALLK is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Allakos Inc. stock as buy, with 3 recommending it as overweight.
With a median target price of $8.00, the current consensus forecast for the stock is $2.50 – $22.00. Based on these forecasts, analysts predict Allakos Inc. (ALLK) will achieve an average price target of $9.70.
