With 3.47 million shares changed hands, the volume of the stock remained heavier than its average volume of 3.35 million shares. The 52-week range on ALLO shows that it touched its highest point at $3.78 and its lowest point at $0.86 during that stretch. It currently has a 1-year price target of $8.15. Beta for the stock currently stands at 0.30.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ALLO was up-trending over the past week, with a rise of 21.37%, but this was up by 18.33% over a month. Three-month performance dropped to -34.86% while six-month performance fell -38.66%. The stock lost -39.06% in the past year, while it has lost -33.33% so far this year. A look at the trailing 12-month EPS for ALLO yields -1.23 with Next year EPS estimates of -0.99. For the next quarter, that number is -0.27. This implies an EPS growth rate of 23.60% for this year and 2.31% for next year. EPS is expected to grow by 7.02% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 6.26%.
Float and Shares Shorts:
At present, 218.60 million ALLO shares are outstanding with a float of 149.47 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ALLO since 6 analysts follow the stock currently. There are 6 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$1.27375 being high and -$1.43052 being low. For ALLO, this leads to a yearly average estimate of -$1.33254. Based on analyst estimates, the high estimate for the next quarter is -$0.19 and the low estimate is -$0.29. The average estimate for the next quarter is thus -$0.24.
