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Tuesday, January 31, 2023

ALX Oncology Holdings Inc. (ALXO): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for ALX Oncology Holdings Inc. (ALXO) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $10.01. The ALX Oncology Holdings Inc. has recorded 6,517 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that ALX Oncology Provides Corporate Update and Highlights Key Milestones in 2023.

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Stocks Info

This NASDAQ-listed company operates within the Biotechnology industry segment, falling under the Healthcare sector. At the end of the last regular session, the stock closed at $10.01 and fluctuated between $10.85 as its day high and $9.13 as its day low. The current market capitalization of ALX Oncology Holdings Inc. is $374.07M. A total of 0.21 million shares were traded on the day, compared to an average of 174.32K shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, ALXO has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 9 BUYs and 0 SELLs from insiders. Insiders purchased 240,154 shares during that period but sold 0.

In the most recent transaction, Pinto Shelly sold 482 shares of ALXO for 11.07 per share on Dec 29. After the transaction, the VP, Finance and CAO now owns 62,097 company shares. In a previous transaction on Dec 29, Randolph Sophia sold 1,617 shares at 11.07 per share. ALXO shares that Chief Medical Officer owns now total 270,253.

Among the insiders who sold shares, GARCIA PETER S disposed of 893 shares on Dec 29 at a per-share price of $11.07. This resulted in the Chief Financial Officer holding 53,723 shares of ALXO after the transaction. In another insider transaction, Pons Jaume sold 3,232 shares at $11.07 per share on Dec 29. Company shares held by the President & CEO now total 539,746.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for ALXO in the last 3 months, the mean price target is $35.25 with high estimates of $65.00 and low estimates of $12.00. In terms of 52-week highs and lows, ALXO has a high of $20.40 and a low of $5.82.

As of this writing, ALXO has an earnings estimate of -$0.75 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of -$0.61 per share and a lower estimate of -$0.88. The company reported an EPS of -$0.6 in the last quarter, which was 15.50% higher than expectations of -$0.71.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 8 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ALXO is Overweight with a score of 4.67. A total of 7 analysts rated the stock as Buy while 0 rated it as Overweight while 1 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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