ALLK Stock Summary and Trading Ideas (Allakos | NASDAQ:ALLK)

Allakos Inc is a clinical-stage company developing therapeutic antibodies that selectively target immunomodulatory receptors present on the surface of immune effector cells involved in allergic, inflammatory, and proliferative diseases. The company's lead program, AK006 targets Siglec-6, an inhibitory receptor expressed selectively on mast cells. Binding of AK006 to Siglec-6 is designed to activate the native inhibitory function of the receptor which in turn reduces mast cell activation.

Allakos trades on the NASDAQ stock market under the symbol ALLK.

As of November 1, 2024, ALLK stock price climbed to $1.27 with 483,980 million shares trading.

ALLK has a beta of 0.74, meaning it tends to be less sensitive to market movements. ALLK has a correlation of 0.00 to the broad based SPY ETF.

ALLK has a market cap of $112.84 million. This is considered a Micro Cap stock.

In the last 3 years, ALLK traded as high as $100.12 and as low as $.54.

The top ETF exchange traded funds that ALLK belongs to (by Net Assets): VTI, VXF, FESM, IWC, ONEQ.

ALLK has underperformed the market in the last year with a return of -33.2%, while SPY returned +36.8%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in ALLK shares. However, ALLK has outperformed the market in the last 3 month and 2 week periods, returning +47.4% and +92.4%, while SPY returned +5.5% and -2.3%, respectively. This indicates ALLK has been having a stronger performance recently.

ALLK support price is $1.15 and resistance is $1.35 (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 ALLK shares will trade within this expected range on the day.