Set Your Sights On Allogene Therapeutics Inc (NASDAQ: ALLO)’S Upside Potential

Allogene Therapeutics Inc (ALLO) concluded trading on Wednesday at a closing price of $2.15, with 1.78 million shares of worth about $3.82 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -40.61% during that period and on Wednesday the price saw a loss of about -0.46%. Currently the company’s common shares owned by public are about 208.78M shares, out of which, 136.69M shares are available for trading.

Stock saw a price change of -8.12% in past 5 days and over the past one month there was a price change of -14.34%. Year-to-date (YTD), ALLO shares are showing a performance of -33.02% which decreased to -56.65% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.12 but also hit the highest price of $6.05 during that period. The average intraday trading volume for Allogene Therapeutics Inc shares is 2.68 million. The stock is currently trading -10.57% below its 20-day simple moving average (SMA20), while that difference is down -18.77% for SMA50 and it goes to -35.16% lower than SMA200.

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Allogene Therapeutics Inc (NASDAQ: ALLO) currently have 208.78M outstanding shares and institutions hold larger chunk of about 50.48% of that.

The stock has a current market capitalization of $448.88M and its 3Y-monthly beta is at 0.85. It has posted earnings per share of -$1.79 in the same period. It has Quick Ratio of 12.80 while making debt-to-equity ratio of 0.21. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ALLO, volatility over the week remained 7.09% while standing at 7.49% over the month.

Stock’s fiscal year EPS is expected to rise by 28.61% while it is estimated to decrease by -3.02% in next year. EPS is likely to shrink at an annualized rate of 1.00% for next 5-years, compared to annual growth of 22.18% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Piper Sandler on May 31, 2024 offering an Overweight rating for the stock and assigned a target price of $11 to it. On January 05, 2024, Guggenheim Downgrade their recommendations, while on December 08, 2023, Citigroup Initiated their ratings for the stock with a price target of $7. Stock get a Buy rating from Citigroup on December 08, 2023.

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