Allakos Inc (NASDAQ:ALLK) price on Friday, March 21, fall -0.56% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $0.25.
A look at the stock’s price movement, the close in the last trading session was $0.25, moving within a range at $0.2455 and $0.2527. The beta value (5-Year monthly) was 0.714. Turning to its 52-week performance, $1.55 and $0.23 were the 52-week high and 52-week low respectively. Overall, ALLK moved -14.07% over the past month.
Allakos Inc’s market cap currently stands at around $22.53 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Mar-11.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ALLK is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
4 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 1 analyst(s) rate the stock as a Hold, 3 recommend ALLK 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.
ALLK’s current price about -4.73% and -41.06% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 33.86, while 7-day volatility ratio is 3.21% and 5.99% in the 30-day chart. Further, Allakos Inc (ALLK) has a beta value of 0.57, and an average true range (ATR) of 0.03. Analysts have given the company’s stock an average 52-week price target of $109.5, forecast between a low of $1 and high of $218. Looking at the price targets, the low is -300.0% off current price level while to achieve the yearly target high, price needs to move -87100.0%. Nonetheless, investors will most likely welcome a -43700.0% jump to $109.5 which is the analysts’ median price.
If we refocus on Allakos Inc (NASDAQ:ALLK), historical trading data shows that trading volumes averaged 0.61 over the past 10 days and 2.41 million over the past 3 months. The company’s latest data on shares outstanding shows there are 89.65 million shares.
The 16.03% of Allakos Inc’s shares are in the hands of company insiders while institutional holders own 78.56% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.94 million on 2025-02-28, giving us a short ratio of 0.72. The data shows that as of 2025-02-28 short interest in Allakos Inc (ALLK) stood at 308.0 of shares outstanding, with shares short falling to 2.44 million registered in 2025-01-31. Current price change has pushed the stock -79.36% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ALLK stock continues to rise going into the next quarter.
