While Allot Ltd has overperformed by 9.98%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ALLT rose by 240.94%, with highs and lows ranging from $5.50 to $1.45, whereas the simple moving average jumped by 83.21% in the last 200 days.
On August 05, 2024, Northland Capital Upgraded Allot Ltd (NASDAQ: ALLT) to Outperform. A report published by Lake Street on May 17, 2022, Downgraded its rating to ‘Hold’ for ALLT. BofA Securities also Downgraded ALLT shares as ‘Underperform’, setting a target price of $10 on the company’s shares in a report dated February 17, 2022. Northland Capital Initiated an Outperform rating on December 08, 2021, and assigned a price target of $23. BofA Securities November 11, 2021d its ‘Buy’ rating to ‘Neutral’ for ALLT, as published in its report on November 11, 2021. Lake Street’s report from April 22, 2020 suggests a price prediction of $15 for ALLT shares, giving the stock a ‘Buy’ rating. Needham also rated the stock as ‘Buy’.
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Analysis of Allot Ltd (ALLT)
Further, the quarter-over-quarter increase in sales is 2.65%, showing a positive trend in the upcoming months.
To gain a thorough understanding of Allot Ltd’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of -43.26% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.06, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and ALLT is recording an average volume of 309.79K. On a monthly basis, the volatility of the stock is set at 6.90%, whereas on a weekly basis, it is put at 6.72%, with a gain of 15.08% over the past seven days. Furthermore, long-term investors anticipate a median target price of $13.00, showing growth from the present price of $5.45, which can serve as yet another indication of whether ALLT is worth investing in or should be passed over.
How Do You Analyze Allot Ltd Shares?
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 25.87%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 55.99% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
ALLT shares are owned by institutional investors to the tune of 55.99% at present.
