How to Buy Allakos Stock
Allakos Inc
Allakos Inc. , a clinical stage biopharmaceutical company, develops therapeutics that target immunomodulatory receptors present on immune effector cells in allergy, inflammatory, and proliferative diseases.
Allakos stock last closed at $3.11, up 4.01% from the previous day, and has decreased 59.35% in one year. It has underperformed other stocks in the Biotechnology industry by 0.34 percentage points. Allakos stock is currently +110.85% from its 52-week low of $1.48, and -64.38% from its 52-week high of $8.73.
There are currently 87.48M shares of ALLK outstanding. The market capitalization of ALLK is $272.05M. In the past 24 hours, 927,399 ALLK shares were traded.
How to Buy Allakos Stock
Not sure how to invest in Allakos stock? Here's how.
- Choose where to buy Allakos stock: You need to decide on an online brokerage, but don't worry - we've tested dozens of online stock brokerages and apps to help you decide where to buy Allakos stock.
- Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Deposit money your investment account: Pick your method of payment and add your information.
- Analyze Allakos stock: The Allakos ticker symbol is ALLK. Is Allakos stock a good investment? Should you buy shares of ALLK? How do ALLK's underlying business fundamentals look? Do top analysts think Allakos is a good buy? Why has ALLK's stock price moved recently? (Hint: Our stock research website can help you understand if ALLK is a good stock to buy).
- Place your ALLK purchase: Decide if you will purchase ALLK shares at the current market price or use a limit order to buy ALLK stock at a specific price.
- Get updates on your ALLK investment: Create a watchlist to important notifications about your investment in Allakos stock.
Step 1: Choose where to buy Allakos stock
You need a brokerage account to access the NASDAQ market and buy ALLK shares.
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Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've selected the best brokerage, you need to fill out some personal information so you are able to buy ALLK today.
How to Open a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal data to start a new brokerage account.
- Send your data by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit money your investment account
Now that you've filled out your info on investing apps, you need to deposit funds:
Watch this video walkthrough to see the process of transferring money into your new investment account.
Step 4: Analyze Allakos stock
Once you have decided on the best place to buy Allakos stock, it's very important to evaluate their stock prior to investing, so you truly wrap your head around the risk and upside.
Overview of key ALLK info
Allakos Zen Score
WallStreetZen was created to help everyday investors perform better fundamental analysis.
You can see all of the due diligence checks on ALLK's stock page.
Is ALLK stock undervalued or overvalued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge ALLK's intrinsic value.
Using relative valuations ratios:
- ALLK may be undervalued based on its P/B ratio of 1.23x, relative to Biotechnology industry P/B ratio of 5.42x
You can access more valuation research on ALLK's stock here.
ALLK Financial Summary
Positive Health Checks:
- There are more short-term assets than short-term liabilities on the ALLK balance sheet.
- ALLK has a low debt to equity ratio of 0.28.
- ALLK has cash burn of 139915000. It has enough cash and short-term investments to cover this for at least one year.
- There are more short-term assets than long-term liabilities on the ALLK balance sheet.
Negative Health Checks:
- Total ALLK debt is higher than 5 years ago, relative to shareholder equity.
- ALLK has $193.91M in cash and short term investments. This is not sufficient to cover its annual cash burn of $139.92M.
Is Allakos stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 3 Equities analysts who give forecasts on ALLK, the consensus analyst rating on Allakos is a Hold
It's important to keep in mind that analyst forecasts are not stock recommendations, nor are they investment advice.
You can dive deeper into what analysts are forecasting on the Allakos stock forecast page.
ALLK Technical Indicators
Who is buying/selling ALLK?
In the past year, insiders at ALLK have sold more shares than they have bought.
Robert Alexander, Chief Executive Officer of ALLK, was the latest ALLK insider to sell. They sold $61,882.50 worth of ALLK stock on Dec 4, 2023.
Research more about who owns ALLK stock here.
Does ALLK stock generate passive income?
No, Allakos doesn't provide an income stream by paying out dividends.
What do other investors have to say about ALLK?
One of the biggest reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other traders have to say.
Step 5: Place your ALLK purchase
There are two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are generally fine. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at a particular price limit, place a limit order.
Press the Open Trade button and your broker will execute your order.
If you need additional help investing in stocks on eToro, watch the helpful video below:
Step 6: Get updates on your ALLK investment
Now that you own some ALLK stock, you'll want to stay up-to-date on your stock purchase.
Put ALLK on a watchlist to track the latest developments regarding your ALLK stock.
ALLK Feed
How to Buy Stock in Allakos
To summarize, here are the 6 steps to buy stock in Allakos:
- Choose where to buy Allakos stock
- Sign up for a brokerage account
- Deposit money your investment account
- Analyze Allakos stock
- Place your ALLK purchase
- Get updates on your ALLK investment
If you are looking for a brokerage account, eToro is our favorite venue.
Get Started with eToro TodayIf you want to get notifications regarding your new investment in Allakos, hit the button below to create your watchlist.
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