Allot Ltd (NASDAQ: ALLT) is 102.73% higher on its value in year-to-date trading and has touched a low of $1.19 and a high of $3.62 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 ALLT stock was last observed hovering at around $3.29 in the last trading session, with the day’s gains setting it 0.06%.
Currently trading at $3.35, the stock is 6.02% and 16.22% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.15 million and changing 1.67% at the moment leaves the stock 56.09% off its SMA200. ALLT registered 33.80% gain for a year compared to 6-month gain of 57.78%.
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The stock witnessed a 18.20% loss in the last 1 month and extending the period to 3 months gives it a 56.31%, and is -2.34% 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 9.38% over the week and 8.12% over the month.
Allot Ltd (ALLT) has around 559 employees, a market worth around $128.58M and $91.03M in sales. Fwd P/E is 167.25. Profit margin for the company is -40.18%. Distance from 52-week low is 181.09% and -7.60% from its 52-week high. The company has generated returns on investments over the last 12 months (-42.16%).
The EPS is expected to grow by 95.04% this year.
Allot Ltd (ALLT) Top Institutional Holders
The shares outstanding are 38.38M, and float is at 25.64M with Short Float at 0.31%.
The top institutional shareholder in the company is LYNROCK LAKE LP with over 8.77 million shares valued at $20.34 million. The investor’s holdings represent 22.8281% of the ALLT Shares outstanding. As of 2024-06-30, the second largest holder is QVT FINANCIAL LP with 2.86 million shares valued at $$6.63 million to account for 7.4384 of the shares outstanding. The other top investors are CLAL INSURANCE ENTERPRISES HOLDINGS LTD which holds 1.77 million shares representing 4.6117% and valued at over $4.11 million, while P.A.W. CAPITAL CORP holds 4.1654 of the shares totaling 1.6 million with a market value of $3.71 million.
Allot Ltd (ALLT) Insider Activity
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