Allego NV (NYSE: ALLG) is 51.11% higher on its value in year-to-date trading and has touched a low of $0.57 and a high of $3.06 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 $1.92 in the last trading session, with the day’s gains setting it 0.12%.
Currently trading at $2.04, the stock is 39.37% and 35.64% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.66 million and changing 6.25% at the moment leaves the stock 67.78% off its SMA200. ALLG registered -14.29% loss for a year compared to 6-month gain of 114.74%.
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The stock witnessed a 20.00% loss in the last 1 month and extending the period to 3 months gives it a 105.07%, and is 96.15% 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 32.07% over the week and 11.81% over the month.
Allego NV (ALLG) has around 218 employees, a market worth around $552.86M and $157.06M in sales. Profit margin for the company is -75.78%. Distance from 52-week low is 257.89% and -33.33% from its 52-week high. The company has generated returns on investments over the last 12 months (-31.45%).
The shares outstanding are 271.01M, and float is at 1.42M with Short Float at 12.85%.
The top institutional shareholder in the company is APOLLO MANAGEMENT HOLDINGS, L.P. with over 18.71 million shares valued at $27.13 million. The investor’s holdings represent 6.9916 of the ALLG Shares outstanding. As of 2024-03-31, the second largest holder is ECP CONTROLCO, LLC with 1.0 million shares valued at $1.45 million to account for 0.3737 of the shares outstanding. The other top investors are JANE STREET GROUP, LLC which holds 0.21 million shares representing 0.0802 and valued at over $0.31 million, while MILLENNIUM MANAGEMENT LLC holds 0.0691 of the shares totaling 0.18 million with a market value of $0.27 million.
