Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
The price of Allakos Inc (NASDAQ: ALLK) closed at $0.29 in the last session, down -5.48% from day before closing price of $0.31. In other words, the price has decreased by -$5.48 from its previous closing price. On the day, 1.09 million shares were traded.
Ratios:
We take a closer look at ALLK’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 6.08 and its Current Ratio is at 6.08. In the meantime, Its Debt-to-Equity ratio is 0.54 whereas as Long-Term Debt/Eq ratio is at 0.49.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Jefferies on January 17, 2024, Downgraded its rating to Hold and sets its target price to $1.50 from $6 previously.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Dec 06 ’24 when Tomasi Adam bought 21,116 shares for $1.10 per share.
Radford Harlan Baird bought 13,138 shares of ALLK for $14,447 on Dec 06 ’24. On Dec 05 ’24, another insider, Alexander Robert, who serves as the Officer of the company, bought 32,466 shares for $1.10 each.
Stock Price History:
Over the past 52 weeks, ALLK has reached a high of $1.69, while it has fallen to a 52-week low of $0.23. The 50-Day Moving Average of the stock is -63.95%, while the 200-Day Moving Average is calculated to be -67.86%.
Shares Statistics:
A total of 89.34M shares are outstanding, with a floating share count of 74.52M. Insiders hold about 16.59% of the company’s shares, while institutions hold 79.31% stake in the company.
