Allego NV (NYSE:ALLG) does about 434.18K shares in volume on a normal day but saw 9855466 shares change hands in the recent trading day. The company now has a market cap of 520.34M USD. Its current market price is $1.92, marking an increase of 82.86% compared to the previous close of $1.05. The 52 week high reached by this stock is $3.06 whilst the lowest price level in 52 weeks is $0.57.
Allego NV (ALLG) has a 20-day trading average at $1.4638 and the current price is -37.25% off the 52-week high compared with 236.84% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.5040 and its 200-day simple moving average is $1.2159. If we look at the stock’s price movements over the week, volatility stands at 31.67%, which decreases to 10.49% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 67.50 to suggest the stock is neutral.
The consensus objective for the share price is $4.00, suggesting that the stock has a potential upside of 52.0% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on September 08, 2022 when Citigroup initiated the stock to “Buy” and issued a price target of $10.
The current price level is 32.16%, 29.69%, and 58.21% away from its SMA20, SMA50, and SMA200 respectively, with the ALLG price moving below the 50-day SMA on current market day. Allego NV (ALLG) stock is up 52.38% over the week and 13.61% over the past month. Its price is 42.22% year-to-date and -19.33% over the past year.
To reach the target analysts have set, the stock logically needs to grow 52.0 percent from here.
Outstanding shares total 271.01M with insiders holding 4.91% of the shares and institutional holders owning 95.58% of the company’s common stock. The company has a return on investment of -31.45% and return on equity of -1026.71%. The beta has a value of 0.77. Price to sales ratio is 3.31.
