Is Alx Oncology Holdings Inc (ALXO) Stock a Good Buy for Short-term Investors?

At the time of writing, Alx Oncology Holdings Inc [ALXO] stock is trading at $1.62, up 9.46%. An important factor to consider is whether the stock is rising or falling in short-term value. The ALXO shares have gain 11.72% over the last week, with a monthly amount glided 33.88%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Alx Oncology Holdings Inc [NASDAQ: ALXO] stock has seen the most recent analyst activity on December 19, 2024, when Jefferies downgraded its rating to a Hold and also revised its price target to $2 from $12. Previously, Stifel downgraded its rating to Hold on March 08, 2024, and elevated its price target to $14. On December 08, 2023, upgrade upgraded it’s rating to Buy and revised its price target to $18 on the stock. Jefferies downgraded its rating to a Hold and decreased its price target to $25 on December 22, 2021. Stifel initiated its recommendation with a Buy and recommended $106 as its price target on September 30, 2021.

For the past year, the stock price of Alx Oncology Holdings Inc fluctuated between $1.19 and $17.83. Currently, Wall Street analysts expect the stock to reach $24.5 within the next 12 months. Alx Oncology Holdings Inc [NASDAQ: ALXO] shares were valued at $1.62 at the most recent close of the market. An investor can expect a potential return of 1412.35% based on the average ALXO price forecast.

Analyzing the ALXO fundamentals

Gross Profit Margin for this corporation currently stands at 0.74% with Operating Profit Margin at -64.47%, Pretax Profit Margin comes in at -60.95%, and Net Profit Margin reading is -60.95%. To continue investigating profitability, this company’s Return on Assets is posted at -0.81, Equity is -0.93 and Total Capital is -1.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.07.

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 1.5300 points at the first support level, and at 1.4400 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.6900, and for the 2nd resistance point, it is at 1.7600.

Ratios To Look Out For

It is important to note that Alx Oncology Holdings Inc [NASDAQ:ALXO] has a current ratio of 4.82. On the other hand, the Quick Ratio is 4.82, and the Cash Ratio is 0.5.

Transactions by insiders

Recent insider trading involved Hemrajani Rekha, Director, that happened on Dec 02 ’24 when 30000.0 shares were purchased. SVP, FINANCE AND CAO, Pinto Shelly completed a deal on Aug 14 ’24 to sell 564.0 shares. Meanwhile, CHIEF MEDICAL OFFICER Randolph Sophia sold 1365.0 shares on Aug 14 ’24.

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