Aligos Therapeutics Inc. (NASDAQ:ALGS) marked $1.81 per share on Tuesday, down from a previous closing price of $1.93. While Aligos Therapeutics Inc. has underperformed by -6.22%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ALGS fell by -40.26%, with highs and lows ranging from $3.32 to $0.84, whereas the simple moving average jumped by 45.68% in the last 200 days.
On January 06, 2023, Piper Sandler Upgraded Aligos Therapeutics Inc. (NASDAQ: ALGS) to Overweight. A report published by Jefferies on January 06, 2023, Upgraded its rating to ‘Buy’ for ALGS. Piper Sandler also Downgraded ALGS shares as ‘Neutral’, setting a target price of $4 on the company’s shares in a report dated March 23, 2022. JP Morgan January 07, 2022d the rating to Neutral on January 07, 2022, and set its price target from $30 to $12. Jefferies January 06, 2022d its ‘Buy’ rating to ‘Hold’ for ALGS, as published in its report on January 06, 2022. SVB Leerink’s report from September 09, 2021 suggests a price prediction of $29 for ALGS shares, giving the stock a ‘Outperform’ rating. Piper Sandler also rated the stock as ‘Overweight’.
Analysis of Aligos Therapeutics Inc. (ALGS)
Further, the quarter-over-quarter increase in sales is 173.30%, showing a positive trend in the upcoming months.
In order to gain a clear picture of Aligos Therapeutics Inc.’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of -75.00% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 4.90, 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.
An average volume of 382.16K can be a very valuable indicator of volatility for ALGS stock. On a monthly basis, the volatility of the stock is set at 16.10%, whereas on a weekly basis, it is put at 9.86%, with a loss of -10.40% over the past seven days. Furthermore, long-term investors anticipate a median target price of $3.64, showing growth from the present price of $1.81, which can serve as yet another indication of whether ALGS is worth investing in or should be passed over.
How Do You Analyze Aligos Therapeutics Inc. Shares?
In addition to the fundamentals, you should also consider how many employees own shares in the company. 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 15.35%. 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 64.70% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in ALGS shares?
The recent increase in stakes in ALGS appears to be a result of several institutional investors and hedge funds increasing their positions. During the last quarter, the company picked up 0 additional shares for a total stake of worth $2.25 million, bringing number of shares owned by the company to 2,365,064.
ALGS shares are owned by institutional investors to the tune of 64.70% at present.