Allarity Therapeutics Inc. (NASDAQ: ALLR) is -55.75% lower on its value in year-to-date trading and has touched a low of $0.13 and a high of $3.38 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ALLR stock was last observed hovering at around $0.13 in the last trading session, with the day’s loss setting it 0.0% off its average median price target of $8.00 for the next 12 months. It is also 98.38% off the consensus price target high of $8.00 offered by 1 analysts, but current levels are 98.38% higher than the price target low of $8.00 for the same period.
Currently trading at $0.13, the stock is -28.18% and -39.22% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.5 million and changing -1.14% at the moment leaves the stock -85.00% off its SMA200. ALLR registered -94.30% loss for a year compared to 6-month loss of -89.68%.
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The stock witnessed a -26.47% gain in the last 1 month and extending the period to 3 months gives it a -66.67%, and is -28.37% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 12.75% over the week and 8.83% over the month.
Distance from 52-week low is 0.00% and -96.15% from its 52-week high.
Allarity Therapeutics Inc. (ALLR) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Allarity Therapeutics Inc. (ALLR) is a “Hold”. 1 analysts offering their recommendations for the stock have an average rating of 3.00, where 1 rate it as a Hold and 0 think it is a “Overweight”. 0 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Allarity Therapeutics Inc. is expected to release its quarterly report on 05/26/2023.The EPS is expected to shrink by -412.60% this year
Allarity Therapeutics Inc. (ALLR) Top Institutional Holders
The shares outstanding are 9.87M, and float is at 8.41M with Short Float at 8.22%.