Allot Ltd (NASDAQ: ALLT) is 32.27% higher on its value in year-to-date trading and has touched a low of $1.45 and a high of $7.56 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 $7.48 in the last trading session, with the day’s gains setting it 0.39%.
Currently trading at $7.87, the stock is 33.63% and 62.99% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.96 million and changing 5.21% at the moment leaves the stock 145.68% off its SMA200. ALLT registered 417.76% gain for a year compared to 6-month gain of 195.86%. The firm has a 50-day simple moving average (SMA 50) of $4.7402 and a 200-day simple moving average (SMA200) of $3.17495.
The stock witnessed a 65.68% loss in the last 1 month and extending the period to 3 months gives it a 182.08%, and is 20.89% 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 10.40% over the week and 8.60% over the month.
Allot Ltd (ALLT) has around 559 employees, a market worth around $302.53M and $91.63M in sales. Fwd P/E is 131.17. Profit margin for the company is -26.69%. Distance from 52-week low is 442.76% and 4.10% from its 52-week high. The company has generated returns on investments over the last 12 months (-26.21%).
with sales reaching $24.4M over the same period.The EPS is expected to grow by 99.29% this year, but quarterly earnings will post -1.56% year-over-year. Quarterly sales are estimated to grow 0.24% in year-over-year returns.
Allot Ltd (ALLT) Top Institutional Holders
55.0 institutions hold shares in Allot Ltd (ALLT), with institutional investors hold 57.47% of the company’s shares. The shares outstanding are 38.44M, and float is at 28.50M with Short Float at 0.70%. Institutions hold 56.81% of the Float.
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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