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Allego N.V. (ALLG) Stock: A 52-Week Tale of Drops and Gains

Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Allego N.V.’s current trading price is -55.58% away from its 52-week high, while its distance from the 52-week low is 79.35%. The stock’s price range during this period has varied between $1.55 and $6.26. The company, active in the Consumer Cyclical sector, saw a trading volume of around 1.85 million for the day, considerably higher average daily volume of 85770.0 observed over the last three months.

The current stock price for Allego N.V. (ALLG) is $2.78. The stock experienced a significant increase during the last trading session, reaching $2.91 after opening at $2.37. It dipped to a low of $2.27 before ultimately closing at $2.32.

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Allego N.V.’s stock market performance has been somewhat irregular. The 1-year high for the company’s stock was recorded at $6.26 on 09/22/22, with the lowest value being $1.55 on 08/30/23.

How Financial Performance Impacts Market Capitalization

Allego N.V. (ALLG) has experienced a quarterly decline of -6.08% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 619.91M and boasts a workforce of 220 employees.

Decoding Analysts’ Ratings for Allego N.V.

As of right now, 3 analysts are rating Allego N.V. as a BUY, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analyst is recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 analyst is rating the stock as SELL.

The Role of Moving Averages and Trading Volume in Technical Analysis

Based on Barchart.com data, the company’s moving average over the 100-day period was 2.38, with a change in price of +0.75. Similarly, Allego N.V. recorded 111,192 in trading volume during the last 100 days, posting a change of +36.95%.

ALLG Stock Stochastic Average

As of today, the raw stochastic average of Allego N.V. over the past 50 days is 84.83%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 90.44%. Additionally, the Stochastic %K and %D values for the company were 83.71% and 82.26%, respectively, over the past 20 days.

ALLG Stock Price Performance Analysis

Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. The metric has seen a significant loss of -11.46% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -1.42%. Over the past 30 days, the price of ALLG has fallen by 13.01%. And in the last five days, it has surged by 44.79%.

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