Should You Sell Allarity Therapeutics Inc (ALLR) And Go Away This Year?

Allarity Therapeutics Inc (NASDAQ:ALLR) currently has a daily average trading volume of 408.38K but it saw 1489394 shares traded in last market. With a market cap of 3.24M USD, the company’s current market price of $2.30 came falling about -23.08 while comparing to the previous closing price of $2.99. In past 52 weeks, the stock remained buoying in the range of price level as high as $666.00 and as low as $2.58. In the recent trading on the day, stock has struck highest price mark of $2.08 while lowest mark touched by it was $2.96.

Taking a look at 20-day trading activity of Allarity Therapeutics Inc (ALLR) gives us an average price of $4.36, while its current price level is -99.65% below from 52-week high level whereas it is -10.85% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $4.89 while that of 200 days or SMA-200 reads an average of $123.29. A closer look into the stock’s movement over the week reveals that its volatility is standing at 34.94% during that period while stretching the period over a month that decreases to 19.25%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 29.35 which implies that the stock is in oversold territory.

Over the week, ALLR’s stock price is moving -39.16% down while it is -60.50% when we observe its performance for the past one month. Year-to-date it is -99.30% down and over the past year, the stock is showing a downside performance of -99.57%.

Company’s return on investment (ROI) stands at -65.77% and return on equity (ROE) at -121.82%. Stock’s beta reads 0.35. Stock has a price to book (P/B) ratio of 0.14. Its return on asset (ROA) is -52.54% on average.