ALLG Stock Summary and Trading Ideas (Allego N.V. Ordinary Share | NYSE:ALLG)

Allego NV is a provider of electric vehicle charging solutions, dedicated to accelerating the transition to electric mobility with 100% renewable energy. It developed a comprehensive portfolio of innovative charging infrastructure and proprietary software, including its Allamo and EV Cloud software platforms. With a network of 30,000 charging points spanning 16 countries, Allego delivers independent, reliable, and safe charging solutions, agnostic of vehicle model or network affiliation.

Allego N.V. Ordinary Share trades on the NYSE stock market under the symbol ALLG.

As of September 6, 2024, ALLG stock price was flat at $1.82 with million shares trading.

ALLG has a beta of 0.33, meaning it tends to be less sensitive to market movements. ALLG has a correlation of 0.00 to the broad based SPY ETF.

ALLG has a market cap of $493.24 million. This is considered a Small Cap stock.

ALLG stock has underperformed the market in the last year with a return of +1.1%, while SPY returned +22.6%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in ALLG shares. However, ALLG has outperformed the market in the last 3 month and 2 week periods, returning +130.4% and 0.0%, while SPY returned +1.4% and -3.9%, respectively. This indicates ALLG has been having a stronger performance recently.

ALLG support price is $1.64 and resistance is $2.00 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ALLG stock will trade within this expected range on the day.