Allogene Therapeutics Inc (ALLO): 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. Recently, Yahoo Finance discussed the stock, revealing that Allogene Therapeutics Announces Q2 Investor Conference Participation.

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Stocks Info

This NASDAQ-listed company operates within the Biotechnology industry segment, falling under the Healthcare sector. The current market capitalization of Allogene Therapeutics Inc is $688.20M. A total of 2.33 million shares were traded on the day, compared to an average of 2.47M shares.

In the most recent transaction, Parker Geoffrey M. bought 190 shares of ALLO for 3.60 per share on Jan 30 ’24. After the transaction, the CHIEF FINANCIAL OFFICER now owns 819,590 company shares. In a previous transaction on Dec 18 ’23, MESSEMER DEBORAH M. sold 18,640 shares at 2.70 per share. ALLO shares that Director owns now total 62,456.

Among the insiders who sold shares, Mayo Stephen disposed of 10,000 shares on Aug 07 ’23 at a per-share price of $4.29. This resulted in the Director holding 25,328 shares of ALLO after the transaction.

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. In terms of 52-week highs and lows, ALLO has a high of $6.89 and a low of $2.23.

As of this writing, ALLO has an earnings estimate of -$0.41 per share for the current quarter. EPS was calculated based on a consensus of 14 estimates, with a high estimate of -$0.22 per share and a lower estimate of -$0.64. The company reported an EPS of -$0.37 in the last quarter, which was 28.80% higher than expectations of -$0.52.

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. ALLO’s latest balance sheet shows that the firm has $457.30M in Cash & Short Term Investments as of fiscal 2021. There were $73.13M in debt and $47.91M in liabilities at the time. Its Book Value Per Share was $3.47, while its Total Shareholder’s Equity was $925.20M.

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, 0 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 ALLO is Buy with a score of 4.39.

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