Allot Ltd (NASDAQ:ALLT) does about 168.34K shares in volume on a normal day but saw 767390 shares change hands in the recent trading day. The company now has a market cap of 176.83M USD. Its current market price is $4.60, marking a decrease of -0.86% compared to the previous close of $4.64. The 52 week high reached by this stock is $4.83 whilst the lowest price level in 52 weeks is $1.19.
Allot Ltd (ALLT) has a 20-day trading average at $4.04 and the current price is -4.69% off the 52-week high compared with 286.55% distance from its 52-week low. The 50-day simple moving average of the closing price is $3.51 and its 200-day simple moving average is $2.74. If we look at the stock’s price movements over the week, volatility stands at 6.78%, which increases to 7.22% 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 67.35 to suggest the stock is neutral.
The consensus objective for the share price is $13.00, suggesting that the stock has a potential upside of 64.62% over the period.
FactSet Research has provided data showing that 1 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 1 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Strong Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on August 05, 2024 when Northland Capital upgraded the stock to “Outperform” and issued a price target of $13. BofA Securities downgraded its price target at $14-$10.
The current price level is 13.74%, 30.95%, and 67.73% away from its SMA20, SMA50, and SMA200 respectively, with the ALLT price moving below the 50-day SMA on current market day. Allot Ltd (ALLT) stock is up 0.66% over the week and 35.69% over the past month. Its price is 178.79% year-to-date and 245.86% over the past year.
The stock last released its quarterly earnings report for quarter ended 9/30/2024, with the company’s earnings per share (EPS) of -0.43 below consensus estimates by -0.27. The company’s next earnings report forecasts estimating quarterly EPS at 0.0 and -0.01 for whole year. Expected sales for next quarter are $24.1M, which analysts say will come at $91.7M for the current fiscal year and next year at $99.8M. In addition, estimates put the company’s current quarterly revenue at an average of $24.4M.
To reach the target analysts have set, the stock logically needs to grow 64.62 percent from here.
Outstanding shares total 38.44M with insiders holding 1.16% of the shares and institutional holders owning 56.81% of the company’s common stock. The company has a return on investment of -26.21% and return on equity of -43.26%. The forward price to earnings ratio is 76.67. The beta has a value of 1.09. Price to book ratio is 3.69 and price to sales ratio is 1.93.
