Allakos Inc. (NASDAQ:ALLK) shares traded 3.21% higher at $4.50 on Wall Street last session.
In accordance with the data, 8 analysts cover Allakos Inc. (NASDAQ:ALLK). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $22.00 and a low of $2.50, we find $6.00. Given the previous closing price of $4.36, this indicates a potential upside of 37.61 percent. ALLK stock price is now -2.11% away from the 50-day moving average and -23.98% away from the 200-day moving average. The market capitalization of the company currently stands at $395.06M.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
It has been rated a hold by 4 analysts and a buy by 2. Brokers who have rated the stock have averaged $8.25 as their price target over the next twelve months.
With the price target enhanced from $6 to $9, Jefferies Upgraded its rating from Hold to Buy for Allakos Inc. (NASDAQ: ALLK).
In other news, Walker Paul Edward, Director bought 3,984,000 shares of the company’s stock on Sep 21. The stock was bought for $19,999,680 at an average price of $5.02. Upon completion of the transaction, the Director now directly owns 3,386,400 shares in the company, valued at $15.24 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 21, Director JANNEY DANIEL bought 475,000 shares of the business’s stock. A total of $2,384,500 was incurred on buying the stock at an average price of $5.02. This leaves the insider owning 2,546,147 shares of the company worth $11.46 million. Insiders disposed of 302,727 shares of company stock worth roughly $1.36 million over the past 1 year. A total of 2.40% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ALLK stock. A new stake in Allakos Inc. shares was purchased by HRT FINANCIAL LP during the first quarter worth $1,308,000. ADAGE CAPITAL PARTNERS GP, L.L.C. invested $766,000 in shares of ALLK during the first quarter. In the first quarter, SQUAREPOINT OPS LLC acquired a new stake in Allakos Inc. valued at approximately $569,000. BANK OF MONTREAL /CAN/ acquired a new stake in ALLK for approximately $531,000. PROFUND ADVISORS LLC purchased a new stake in ALLK valued at around $299,000 in the second quarter. In total, there are 174 active investors with 87.20% ownership of the company’s stock.
Allakos Inc. (NASDAQ: ALLK) opened at $4.3500 on Monday. During the past 12 months, Allakos Inc. has had a low of $2.92 and a high of $8.73. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 9.60, and a quick ratio of 9.60. The fifty day moving average price for ALLK is $4.5968 and a two-hundred day moving average price translates $5.9196 for the stock.
The latest earnings results from Allakos Inc. (NASDAQ: ALLK) was released for Mar, 2023.
