Allakos Inc (NASDAQ:ALLK) saw a downside of -1.38% to close Monday at $2.14 after subtracting -$0.03 on the day. The 5-day average trading volume is 1,342,660 shares of the company’s common stock. It has gained $2.38 in the past week and touched a new high 1 time within the past 5 days. An average of 1,337,415 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,070,412.
ALLK’s 1-month performance is -27.70% or -$0.78 on its low of $2.02 reached on 09/22/23. The company’s shares have touched a 52-week low of $2.02 and high of $8.73, with the stock’s rally to the 52-week high happening on 01/03/23. YTD, ALLK has lost -74.58% or -$6.28 and has reached a new high 1 time. However, the current price is down -75.49% from the 52-week high price.
Valuation Metrics
ALLK stock has a beta of 0.55. Moving on to other valuation ratios, the price-to-book (PB) in the most recent quarter is 0.73.
Allakos Inc’s quick ratio for the period ended June 29 was 10.27, with the current ratio over the same period at 10.27. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.16, while the total debt to equity was 0.17.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income shrunk -39.81% to -$35.12 million, while revenue of -$42.4 million was -20.73% off the previous quarter. Analysts expected ALLK to announce -$0.48 per share in earnings in its latest quarter, but it posted -$0.41, representing a 14.60% surprise. ALLK stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 64.22 million, with total debt at $42.38 million. Shareholders hold equity totaling $86.92 million.
Let’s look briefly at Allakos Inc (ALLK) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 25 September was 22.58% to suggest the stock is trending oversold, with historical volatility in this time period at 61.33%.
The stock’s 5-day moving average is $2.16, reflecting a -8.55% or -$0.20 change from its current price. ALLK is currently trading -26.71% above its 20-day SMA, -47.80% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -53.98% and SMA200 by-73.08%.
Stochastic %K and %D was 10.93% and 7.66% and the average true range (ATR) pointed at 0.21. The RSI (14) points at 25.09%, while the 14-day stochastic is at 10.53% with the period’s ATR at 0.23. The stock’s 9-day MACD Oscillator is pointing at -0.14 and -0.29 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Allakos Inc (NASDAQ: ALLK), Jefferies upgraded it to a Buy rating. They previously had a Hold rating on the stock. Analysts offering their rating for ALLK stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate ALLK as a “sell,”, while 3 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 3 have offered a “buy” rating.
What is ALLK’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $2.50 and a high of $22.00, with their median price target at $8.00. Looking at these predictions, the average price target given by analysts is for Allakos Inc (ALLK) stock is $9.70.
