Allego NV (NYSE: ALLG): Stock That Needs Special Handling

Currently, there are 267.18M common shares owned by the public and among those 7.80M shares have been available to trade.

The company’s stock has a 5-day price change of 69.67% and 5.84% over the past three months. ALLG shares are trading 7.41% year to date (YTD), with the 12-month market performance down to -34.09% lower. It has a 12-month low price of $0.57 and touched a high of $3.88 over the same period. ALLG has an average intraday trading volume of 239.33K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 65.24%, 50.64%, and -16.80% respectively.

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Institutional ownership of Allego NV (NYSE: ALLG) shares accounts for 0.90% of the company’s 267.18M shares outstanding.

It has a market capitalization of $387.41M and a beta (3y monthly) value of 0.49. The earnings-per-share (ttm) stands at -$0.48. Price movements for the stock have been influenced by the stock’s volatility, which stands at 33.87% over the week and 18.76% over the month.

Analysts forecast that Allego NV (ALLG) will achieve an EPS of -$0.04 for the current quarter, -$0.06 for the next quarter and -$0.09 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.04 while analysts give the company a high EPS estimate of -$0.04. Comparatively, EPS for the current quarter was -$0.16 a year ago. Earnings per share for the fiscal year are expected to increase by 74.79%, and 65.26% over the next financial year.

Looking at the support for the ALLG, a number of firms have released research notes about the stock. Citigroup stated their Buy rating for the stock in a research note on September 08, 2022, with the firm’s price target at $10. Cowen coverage for the Allego NV (ALLG) stock in a research note released on April 11, 2022 offered a Outperform rating with a price target of $19.

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