At the time of writing, Allakos Inc [ALLK] stock is trading at $0.85, up 29.29%. An important factor to consider is whether the stock is rising or falling in short-term value. The ALLK shares have gain 23.90% over the last week, with a monthly amount glided 57.44%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Allakos Inc [NASDAQ: ALLK] stock has seen the most recent analyst activity on January 17, 2024, when Jefferies downgraded its rating to a Hold and also revised its price target to $1.50 from $6. Previously, Cantor Fitzgerald downgraded its rating to Neutral on January 16, 2024. On December 18, 2023, upgrade upgraded it’s rating to Outperform. JMP Securities initiated its recommendation with a Mkt Outperform and recommended $11 as its price target on September 27, 2023. Jefferies upgraded its rating to Buy for this stock on May 12, 2023, and upped its price target to $9. In a note dated March 07, 2023, Piper Sandler initiated an Overweight rating and provided a target price of $22 on this stock.
For the past year, the stock price of Allakos Inc fluctuated between $0.54 and $3.40. Currently, Wall Street analysts expect the stock to reach $109.5 within the next 12 months. Allakos Inc [NASDAQ: ALLK] shares were valued at $0.85 at the most recent close of the market. An investor can expect a potential return of 12782.35% based on the average ALLK price forecast.
Analyzing the ALLK fundamentals
Gross Profit Margin for this corporation currently stands at 0.53% with Operating Profit Margin at -17.44%, Pretax Profit Margin comes in at -19.15%, and Net Profit Margin reading is -19.15%. To continue investigating profitability, this company’s Return on Assets is posted at -1.32, Equity is -1.43 and Total Capital is -1.56. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.47.
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 0.7179 points at the first support level, and at 0.5824 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.9369, and for the 2nd resistance point, it is at 1.0204.
Ratios To Look Out For
It is important to note that Allakos Inc [NASDAQ:ALLK] has a current ratio of 3.57. On the other hand, the Quick Ratio is 3.57, and the Cash Ratio is 0.74.
Transactions by insiders
Recent insider trading involved Alexander Robert, Officer, that happened on Sep 11 ’24 when 37311.0 shares were purchased. Officer, Lee Chin Hyok completed a deal on Sep 09 ’24 to buy 45320.0 shares. Meanwhile, Officer Radford Harlan Baird bought 13665.0 shares on Sep 06 ’24.
