Allogene Therapeutics Inc [ALLO] stock is trading at $5.14, up 11.02%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ALLO shares have gain 10.54% over the last week, with a monthly amount glided 58.64%, and seem to be holding up well over a long-time horizon.
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On 16, February 2024, Allogene Therapeutics to Restate Previously Filed Financial Statements Recognizing Non-Cash Accounting Adjustments Related to the December 2020 Formation of the Allogene Overland Biopharm Joint Venture in Asia. In a post published today on Yahoo Finance, No Impact on Cash, Cash Equivalents and Marketable Investments, Cash Runway or Business Operations.
From an analyst’s perspective:
Allogene Therapeutics Inc [NASDAQ: ALLO] stock has seen the most recent analyst activity on January 05, 2024, when JMP Securities downgraded its rating to a Mkt Perform. Previously, Guggenheim downgraded its rating to Neutral on January 05, 2024. On December 08, 2023, Citigroup initiated with a Buy rating and assigned a price target of $7 on the stock. Citigroup started tracking the stock assigning a Buy rating. Bernstein started tracking with a Mkt Perform rating for this stock on March 21, 2023, and assigned it a price target of $6. In a note dated January 24, 2023, JP Morgan upgraded an Overweight rating on this stock and revised its target price from $20 to $11.
Allogene Therapeutics Inc [ALLO] stock has fluctuated between $2.23 and $7.14 over the past year. Currently, Wall Street analysts expect the stock to reach $34.25 within the next 12 months. Allogene Therapeutics Inc [NASDAQ: ALLO] shares were valued at $5.14 at the most recent close of the market. An investor can expect a potential return of 566.34% based on the average ALLO price forecast.
Analyzing the ALLO fundamentals
Allogene Therapeutics Inc [NASDAQ:ALLO] reported sales of 0.19M for the trailing twelve months, which represents a drop of -12.24%. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 4.81 points at the first support level, and at 4.47 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.37, and for the 2nd resistance point, it is at 5.59.
Allogene Therapeutics Inc [ALLO] reported earnings per share of -$0.37 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.52/share, meaning a difference of $0.15 and a surprise factor of 28.80%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were -$0.53 per share as compared to estimates of -$0.59 per share, a difference of $0.06 representing a surprise of 10.20%.
Ratios To Look Out For
For context, Allogene Therapeutics Inc’s Current Ratio is 12.58. Further, the Quick Ratio stands at 12.58, while the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 4552.42, the price to book ratio is 1.48.
Transactions by insiders
Recent insider trading involved MESSEMER DEBORAH M., Director, that happened on Dec 18 when 18640.0 shares were sold. Director, Mayo Stephen completed a deal on Aug 07 to sell 10000.0 shares.
