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Allego NV (ALLG) Stock Could Soon Reward Patient Investors

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Allego NV (NYSE: ALLG) is 13.33% higher on its value in year-to-date trading and has touched a low of $0.57 and a high of $3.88 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ALLG stock was last observed hovering at around $1.45 in the last trading session, with the day’s gains setting it 0.08%.

Currently trading at $1.53, the stock is 70.18% and 57.60% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.13 million and changing 5.52% at the moment leaves the stock -11.86% off its SMA200. ALLG registered -33.77% loss for a year compared to 6-month loss of -27.14%. The firm has a 50-day simple moving average (SMA 50) of $3.14 and a 200-day simple moving average (SMA200) of -$1.22.

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The stock witnessed a 50.00% gain in the last 1 month and extending the period to 3 months gives it a 11.68%, and is 83.23% up 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 40.38% over the week and 20.53% over the month.

Fwd P/E is 20.12. Profit margin for the company is -77.19%. Distance from 52-week low is 168.42% and -60.57% from its 52-week high. The company has generated returns on investments over the last 12 months (-37.66%).

Allego NV quarterly earnings per share for the current quarter are estimated at -$0.04 with sales reaching $83.79M over the same period.The EPS is expected to grow by 70.96% this year, but quarterly earnings will post 38.50% year-over-year. Quarterly sales are estimated to grow 37.60% in year-over-year returns.

Allego NV (ALLG) Top Institutional Holders

36 institutions hold shares in Allego NV (ALLG), with institutional investors hold 96.55% of the company’s shares. The shares outstanding are 267.18M, and float is at 7.80M with Short Float at 3.48%. Institutions hold 81.91% of the Float.

The top institutional shareholder in the company is Apollo Management Holdings, L.P. with over 18.71 million shares valued at $51.44 million. The investor’s holdings represent 7.00% of the ALLG Shares outstanding. As of Jun 29, 2023, the second largest holder is Palantir Technologies Inc. with 1.17 million shares valued at $3.21 million to account for 0.44% of the shares outstanding. The other top investors are ECP ControlCo, LLC which holds 1.0 million shares representing 0.37% and valued at over $2.75 million, while Millennium Management Llc holds 0.05% of the shares totaling 0.14 million with a market value of $0.38 million.

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