Currently, there are 89.34M common shares owned by the public and among those 77.07M shares have been available to trade.
The company’s stock has a 5-day price change of -72.38% and -77.50% over the past three months. ALLK shares are trading -80.47% year to date (YTD), with the 12-month market performance down to -79.63% lower. It has a 12-month low price of $0.54 and touched a high of $1.69 over the same period. ALLK has an average intraday trading volume of 644.34K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -76.94%, -77.83%, and -75.81% respectively.
Institutional ownership of Allakos Inc (NASDAQ: ALLK) shares accounts for 68.30% of the company’s 89.34M shares outstanding.
It has a market capitalization of $21.11M and a beta (3y monthly) value of 0.84. The earnings-per-share (ttm) stands at -$2.03. Price movements for the stock have been influenced by the stock’s volatility, which stands at 21.31% over the week and 14.67% over the month.
Analysts forecast that Allakos Inc (ALLK) will achieve an EPS of -0.18 for the current quarter, -0.3 for the next quarter and -0.63 for current fiscal year. The lowest estimate earnings-per-share for the quarter is -0.22 while analysts give the company a high EPS estimate of -0.22. Comparatively, EPS for the current quarter was -0.71 a year ago. Earnings per share for the fiscal year are expected to increase by 30.88%, and 58.26% over the next financial year.
Looking at the support for the ALLK, a number of firms have released research notes about the stock. Jefferies stated their Hold rating for the stock in a research note on January 17, 2024, with the firm’s price target at $6-$1.50. William Blair was of a view on December 18, 2023 that the stock is Outperform, while Jefferies gave the stock Buy rating on December 08, 2023, issuing a price target of $9- $6. JMP Securities on their part issued Mkt Outperform rating on September 27, 2023.
