Allot Ltd (NASDAQ: ALLT) is 301.96% higher on its value in year-to-date trading and has touched a low of $2.47 and a high of $9.92 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 $9.0 in the last trading session, with the day’s gains setting it 1.25%.
Currently trading at $10.25, the stock is 17.83% and 27.94% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.53 million and changing 13.89% at the moment leaves the stock 70.52% off its SMA200. ALLT registered 72.27% gain for a year compared to 6-month gain of 57.45%. The firm has a 50-day simple moving average (SMA 50) of $8.0118 and a 200-day simple moving average (SMA200) of $6.0113.
The stock witnessed a 14.65% loss in the last 1 month and extending the period to 3 months gives it a 117.62%, and is 22.32% 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 6.09% over the week and 5.35% over the month.
Allot Ltd (ALLT) has around 495 employees, a market worth around $458.63M and $93.46M in sales. Fwd P/E is 36.61. Profit margin for the company is -3.95%. Distance from 52-week low is 314.98% and 3.31% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.88%).
The EPS is expected to grow by 150.00% this year
72.0 institutions hold shares in Allot Ltd (ALLT), with institutional investors hold 60.96% of the company’s shares. The shares outstanding are 39.74M, and float is at 32.14M with Short Float at 1.10%. Institutions hold 60.85% 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 22.6508 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 7.3806 of the shares outstanding. The other top investors are CLAL INSURANCE ENTERPRISES HOLDINGS LTD which holds 1.77 million shares representing 4.5759 and valued at over $4.11 million, while P.A.W. CAPITAL CORP holds 4.133 of the shares totaling 1.6 million with a market value of $3.71 million.
