Allarity Therapeutics Inc (NASDAQ:ALLR) traded at $0.58 at close of the session on Tuesday, May 21, made a downward move of -7.68% on its previous day’s price.
Looking at the stock we see that its previous close was $0.63 . In terms of its 52-week price range, ALLR has a high of $283.20 and a low of $0.55. The company’s stock has lost about -59.20% over that past 30 days.
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Allarity Therapeutics Inc has a market cap of $10.20 million. Estimates by analysts give the company expected earnings per share (EPS) of -$0.29, with the EPS growth for the year raised at -$2.6 for 2024 and -$1.56 for next year. These figures represent 98.70% and 40.00% growth in EPS for the two years respectively.
On the other hand, looking at the outlook for the ALLR stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Looking further, we note the current price level is -42.30% off its SMA20 and -82.53% from its 50-day simple moving average. The RSI (14) is pointing at 13.77 while the volatility over the past week is 13.40% and jumps to 25.25% over the past one month. The beta value is 0.38, while the average true range (ATR) is currently pointing at 0.31.
Coming back to Allarity Therapeutics Inc (NASDAQ:ALLR), we note that the average 3-month trading volume was 3.37 million. Current shares outstanding are 17.61 million.
The insiders hold 6.95% of the company’s shares while institutions hold 0.01%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -94.74% down in year-to-date price movement.
