Allogene Therapeutics Inc (NASDAQ:ALLO) price on Wednesday, October 23, fall -1.07% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $2.77.
A look at the stock’s price movement, the close in the last trading session was $2.80, moving within a range at $2.7 and $2.845. The beta value (5-Year monthly) was 0.832. Turning to its 52-week performance, $5.78 and $2.01 were the 52-week high and 52-week low respectively. Overall, ALLO moved 3.75% over the past month.
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Allogene Therapeutics Inc’s market cap currently stands at around $579.23 million, with investors looking forward to this quarter’s earnings report slated for in November.
Wall Street analysts have also projected the company’s year-on-year revenue to grow to 60k, representing a -36.80% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ALLO is a 50% Buy. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
6 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 6 recommend ALLO as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
ALLO’s current price about 2.10% and 3.58% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 52.18, while 7-day volatility ratio is 5.43% and 5.96% in the 30-day chart. Further, Allogene Therapeutics Inc (ALLO) has a beta value of 0.83, and an average true range (ATR) of 0.17. Analysts have given the company’s stock an average 52-week price target of $33.5, forecast between a low of $7 and high of $55. Looking at the price targets, the low is -152.71% off current price level while to achieve the yearly target high, price needs to move -1885.56%. Nonetheless, investors will most likely welcome a -1109.39% jump to $33.5 which is the analysts’ median price.
If we refocus on Allogene Therapeutics Inc (NASDAQ:ALLO), historical trading data shows that trading volumes averaged 1.49 over the past 10 days and 1.79 million over the past 3 months. The company’s latest data on shares outstanding shows there are 167.13 million shares.
The 33.99% of Allogene Therapeutics Inc’s shares are in the hands of company insiders while institutional holders own 66.86% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 38.51 million on 2024-09-30, giving us a short ratio of 19.57. The data shows that as of 2024-09-30 short interest in Allogene Therapeutics Inc (ALLO) stood at 2592.0 of shares outstanding, with shares short falling to 38.94 million registered in 2024-08-30. Current price change has pushed the stock -13.71% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ALLO stock continues to rise going into the next quarter.
