Allogene Therapeutics Inc (NASDAQ: ALLO): Hunting Genuine Value In Market Debris

Currently, there are 208.78M common shares owned by the public and among those 136.69M shares have been available to trade.

The company’s stock has a 5-day price change of 4.35% and -44.06% over the past three months. ALLO shares are trading -25.23% year to date (YTD), with the 12-month market performance down to -49.47% lower. It has a 12-month low price of $2.18 and touched a high of $6.05 over the same period. ALLO has an average intraday trading volume of 2.53 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.70%, -14.06%, and -28.72% respectively.

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Institutional ownership of Allogene Therapeutics Inc (NASDAQ: ALLO) shares accounts for 50.59% of the company’s 208.78M shares outstanding.

It has a market capitalization of $501.07M and a beta (3y monthly) value of 0.87. The earnings-per-share (ttm) stands at -$1.79. Price movements for the stock have been influenced by the stock’s volatility, which stands at 8.21% over the week and 7.57% over the month.

Earnings per share for the fiscal year are expected to increase by 28.59%, and -2.99% over the next financial year. EPS should shrink at an annualized rate of 1.00% over the next five years, compared to 22.18% over the past 5-year period.

Looking at the support for the ALLO, a number of firms have released research notes about the stock. Piper Sandler stated their Overweight rating for the stock in a research note on May 31, 2024, with the firm’s price target at $11. Guggenheim was of a view on January 05, 2024 that the stock is Neutral, while Citigroup gave the stock Buy rating on December 08, 2023, issuing a price target of $7. Citigroup on their part issued Buy rating on December 08, 2023.

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