The trading price of Allot Ltd (NASDAQ:ALLT) floating higher at last check on current market day and closing at $6.16, 4.05% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $5.68 and $6.34. In examining the 52-week price action we see that the stock hit a 52-week high of $5.95 and a 52-week low of $1.45. Over the past month, the stock has gained 40.00% in value.
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Allot Ltd, whose market valuation is $256.99 million at the time of this writing, is expected to release its quarterly earnings report in January. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0.0 per share this quarter, however they have predicted annual earnings per share of -0.01 for current year and 0.06 for next year.
Analysts have forecast the company to bring in revenue of 24.4M for the current quarter, with the likely lows of 24.4M and highs of 24.4M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 91.7M.
On the technical side, indicators suggest ALLT has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned ALLT a recommendation rating is 1. Out of them, 0 rate it a Hold, while 1 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Allot Ltd (ALLT) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that ALLT’s price is currently 22.10% off the SMA20 and 43.97% off the SMA50. The RSI metric on the 14-day chart is currently showing 78.45, and weekly volatility stands at 7.85%. When measured over the past 30 days, the indicator reaches 7.07%. Allot Ltd (NASDAQ:ALLT)’s beta value is currently sitting at 1.05, while the Average True Range indicator is currently displaying 0.37.
To see how Allot Ltd stock has been performing today in comparison to its peers in the industry, here are the numbers: ALLT stock’s performance was 4.05% at last check in today’s session, and 275.61% in the past year.
An evaluation of the daily trading volume of Allot Ltd (NASDAQ:ALLT) indicates that the 3-month average is 344.75K. However, this figure has increased over the past 10 days to an average of 0.72.
Currently, records show that 38.44 million of the company’s shares remain outstanding. The insiders hold 25.87% of outstanding shares, whereasinstitutions hold 55.99%. The stats also highlight that short interest as of 2024-10-31, stood at 28334.0 shares, resulting in a short ratio of 0.41 at that time. From this, we can conclude that short interest is 10.00 of the company’s total outstanding shares. It is noteworthy that short shares in October were down slightly from the previous month’s figure, which was 46603.0. However, since the stock’s price has seen 273.33% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
