ALLT Stock Summary and Trading Ideas (Allot Ltd. - | NASDAQ:ALLT)

Allot Ltd is a provider of network intelligence and security solutions for service providers and enterprises. The company's solutions are deployed globally for network and application analytics, traffic control and shaping, and network-based security services. The firm's multi-service platforms are deployed by mobile, fixed, and cloud service providers and enterprises. It has a customer base in Europe, Asia and Oceania, the Americas, the Middle East, and Africa.

Allot Ltd. - trades on the NASDAQ stock market under the symbol ALLT.

As of April 19, 2024, ALLT stock price declined to $2.08 with 22,061 million shares trading.

ALLT has a beta of 0.35, meaning it tends to be less sensitive to market movements. ALLT has a correlation of 0.01 to the broad based SPY ETF.

ALLT has a market cap of $79.96 million. This is considered a Micro Cap stock.

Last quarter Allot Ltd. - reported $24 million in Revenue and -$.43 earnings per share. This beat revenue expectation by $2 million and missed earnings estimates by -$.27.

In the last 3 years, ALLT stock traded as high as $21.04 and as low as $1.19.

ALLT has underperformed the market in the last year with a price return of -26.0% while the SPY ETF gained +21.2%. However, in the short term, ALLT had mixed performance relative to the market. It has outperformed in the last 3 months, returning +27.6% vs +3.0% return in SPY. But in the last 2 weeks, ALLT shares have been beat by the market, returning -10.3% compared to an SPY return of -4.5%.

ALLT support price is $2.02 and resistance is $2.18 (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 ALLT stock will trade within this expected range on the day.