Allogene Therapeutics Inc [ALLO] stock is trading at $2.76, up 2.99%. An important factor to consider is whether the stock is rising or falling in short-term value. The ALLO shares have gain 30.19% over the last week, with a monthly amount glided 8.24%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Allogene Therapeutics Inc [NASDAQ: ALLO] stock has seen the most recent analyst activity on May 31, 2024, when Piper Sandler initiated its Overweight rating and assigned the stock a price target of $11. Previously, JMP Securities downgraded its rating to Mkt Perform on January 05, 2024. On January 05, 2024, downgrade downgraded it’s rating to Neutral. Citigroup started tracking the stock assigning a Buy rating and suggested a price target of $7 on December 08, 2023. Citigroup initiated its recommendation with a Buy. In a note dated March 21, 2023, Bernstein initiated an Mkt Perform rating and provided a target price of $6 on this stock.
Allogene Therapeutics Inc [ALLO] stock has fluctuated between $2.01 and $5.89 over the past year. Currently, Wall Street analysts expect the stock to reach $29 within the next 12 months. Allogene Therapeutics Inc [NASDAQ: ALLO] shares were valued at $2.76 at the most recent close of the market. An investor can expect a potential return of 950.72% based on the average ALLO price forecast.
Analyzing the ALLO fundamentals
Allogene Therapeutics Inc [NASDAQ:ALLO] reported sales of 0.13M for the trailing twelve months, which represents a drop of -57.69%. Gross Profit Margin for this corporation currently stands at -503.47% with Operating Profit Margin at -2191.24%, Pretax Profit Margin comes in at -2231.4%, and Net Profit Margin reading is -2231.4%. To continue investigating profitability, this company’s Return on Assets is posted at -0.49, Equity is -0.53 and Total Capital is -0.51. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.21.
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 2.66 points at the first support level, and at 2.57 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.85, and for the 2nd resistance point, it is at 2.95.
Ratios To Look Out For
For context, Allogene Therapeutics Inc’s Current Ratio is 12.80. On the other hand, the Quick Ratio is 12.80, and the Cash Ratio is 1.65. Considering the valuation of this stock, the price to sales ratio is 4432.56, the price to book ratio is 1.02.
Transactions by insiders
Recent insider trading involved MESSEMER DEBORAH M., Director, that happened on Jun 18 ’24 when 18641.0 shares were sold. Director, Humer Franz B completed a deal on May 30 ’24 to sell 11200.0 shares. Meanwhile, Director Belldegrun Arie bought 1.72 million shares on May 16 ’24.