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Wednesday, March 22, 2023

The Question Is Whether To Buy Or Not To Buy Allakos Inc. (NASDAQ: ALLK)

After Hours

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. After-hours trades for Allakos Inc. (ALLK) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.04, or -0.72%, to $5.50. The Allakos Inc. has recorded 19,269 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Allakos Provides Business Update and Reports Fourth Quarter and Full Year 2022 Financial Results.

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Stocks Info

Allakos Inc. is listed on the NASDAQ as a member of the Healthcare sector and is a part of the Biotechnology industry. At the end of the last regular session, the stock closed at $5.54 and fluctuated between $5.67 as its day high and $5.32 as its day low. The current market capitalization of Allakos Inc. is $500.37M. A total of 0.81 million shares were traded on the day, compared to an average of 1.08M shares.

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, ALLK has seen 4 BUY and 0 SELL insider trades, representing the acquisition of 726,902 and the disposition of 0 shares. Over the last 12 months, there were 8 BUYs and 14 SELLs from insiders. Insiders purchased 5,243,539 shares during that period but sold 65,496.

In the most recent transaction, Walker Paul Edward bought 3,984,000 shares of ALLK for 5.02 per share on Sep 21. After the transaction, the Director now owns 3,386,400 company shares. In a previous transaction on Sep 21, JANNEY DANIEL bought 475,000 shares at 5.02 per share. ALLK shares that Director owns now total 2,546,147.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for ALLK in the last 3 months, the mean price target is $7.28 with high estimates of $22.00 and low estimates of $2.50. In terms of 52-week highs and lows, ALLK has a high of $8.73 and a low of $2.54.

As of this writing, ALLK has an earnings estimate of -$0.56 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of -$0.37 per share and a lower estimate of -$0.89. The company reported an EPS of -$0.9 in the last quarter, which was -5.90% lower than expectations of -$0.85.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 11 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 ALLK is Hold with a score of 3.30. A total of 2 analysts rated the stock as Buy while 0 rated it as Overweight while 6 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 2 thought it should be Sold.

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