Allot Ltd.’s stock (NASDAQ:ALLT) has been rated as Buy by Needham. This latest rating was contained in a recent research note published by the firm on February 03, 2020 and has set a $11.50 price target for the stock. Some experts on Wall Street have also posted a report on Allot Ltd. (ALLT) stock.
Barclays rated the stock as a Equal Weight in a research noted published on October 12, 2018. Needham rated the stock as a Buy in a research note published on August 08, 2018.
As it stands, a total of 2 analysts are covering ALLT stock, with 2 of them rating it as a Buy while 0 of them rating it as Overweight. 0 analysts meanwhile advised investors to Hold, 0 rated it as Underweight while the 0 rated it as a Sell. A look at the overall ratings means that Allot Ltd. (ALLT) stock has an average rating of Buy.
Allot Ltd. (ALLT) which is currently valued at 328.41 million, with the company publishing its last earnings report on 02/04/2020, for the recent quarter of 2019. In that quarter, the company recorded a revenue of 30.5 million, which was lower than the forecast of 31.97 million made by some analysts. For that same quarter, Allot Ltd. (ALLT) posted -$0.05 earnings per share (EPS) which was above the analyst consensus estimate of -$0.06 by $0.01, which represents an increase by 16.70%.
The stock market has a tendency to become sophisticated sometimes, even for seasoned investors and traders. Even when a trader got what he/she had expected, the market sometimes decides to move in the opposite direction. This volatility sometimes leads to some traders doubting and second-guessing their moves. This is why getting to know historical price performance, as well as both long-term and short-term trends, is very important. Over the past one week, ALLT price has surged by 30.78%. A look at its price performance over the past three months sees the stock go up by 14.35%, while it has gain 18.61% over the past six months and 20.40% since the start of the year.
Let us now look at some of its likely support and resistance level. Recent research on Allot Ltd. (ALLT) has seen its stock trading -26.74% below its three-month high price. A look at the other side also sees stock trading +48.45% above its three-month low. A wider look sees ALLT trading -26.74% below its 52-week high and 48.45% above from its 52-week low price.
Let us now take a look at Allot Ltd. (ALLT)’s trading volatility. Its 7-day volatility is around 9.08%, while it has a monthly volatility of 8.00%. ALLT has an ATR (Average True Range) of 0.77. The volatility of a stock is an indication of the stock’s drop or gain in case the wider market drops or surges. A beta score higher than 1 means that a stock is highly volatile while below 1 means that the volatility of a stock is low.
The price of ALLT lifted by $0.35 during the normal trading session on Monday to trade at $9.56. The Allot Ltd. (ALLT) stock has a trading volume of 236901.0 shares, which is high, compared to its average daily volume of 205.48K shares.