Should I buy or sell Allego stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Allego in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" ALLG shares. View ALLG analyst ratings or view top-rated stocks .

What is Allego's stock price target for 2024?

1 Wall Street analysts have issued 12 month target prices for Allego's shares. Their ALLG share price targets range from $7.50 to $8.00. On average, they anticipate the company's share price to reach $7.75 in the next year. This suggests a possible upside of 631.1% from the stock's current price. View analysts price targets for ALLG or view top-rated stocks among Wall Street analysts .

How have ALLG shares performed in 2024?

Allego's stock was trading at $1.35 on January 1st, 2024. Since then, ALLG stock has decreased by 21.5% and is now trading at $1.06. View the best growth stocks for 2024 here .

Are investors shorting Allego?

Allego saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 557,500 shares, an increase of 105.3% from the March 15th total of 271,600 shares. Based on an average daily trading volume, of 446,500 shares, the short-interest ratio is presently 1.2 days. Approximately 7.2% of the company's stock are short sold. View Allego's Short Interest .

How were Allego's earnings last quarter?

Allego (NYSE:ALLG) issued its quarterly earnings data on Tuesday, November, 14th. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.02) by $0.15. The company earned $31.14 million during the quarter.

How do I buy shares of Allego?

Shares of ALLG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSE:ALLG

Allego (ALLG) Stock Price, News & Analysis

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$1.06

+0.03 (+2.91%)

(As of 04/18/2024 ET)

Compare

Today's Range: $1.01
▼
$1.08
50-Day Range: $0.66
▼
$1.53
52-Week Range: $0.57
▼
$3.88

Volume: 41,960 shs
Average Volume: 399,185 shs
Market Capitalization: N/A

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $7.75

Get Allego alerts:

Allego MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 631.1% Upside
$7.75 Price Target
Short Interest: Bearish
7.15% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.03
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.38 out of 5 stars

3.5

Analyst's Opinion

Consensus Rating
Allego has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Allego has received no research coverage in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
7.15% of the float of Allego has been sold short.
Short Interest Ratio / Days to Cover
Allego has a short interest ratio ("days to cover") of 1.2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Allego has recently increased by 105.27%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Allego does not currently pay a dividend.
Dividend Growth
Allego does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for ALLG.

2.2

News and Social Media Coverage

News Sentiment
Allego has a news sentiment score of 0.03. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.51 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Allego this week, compared to 1 article on an average week.
Search Interest
Only 7 people have searched for ALLG on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
MarketBeat Follows
5 people have added Allego to their MarketBeat watchlist in the last 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Allego insiders have not sold or bought any company stock.
Percentage Held by Insiders
82.70% of the stock of Allego is held by insiders. A high percentage of insider ownership can be a sign of company health.

0.0

Earnings and Valuation

Price to Book Value per Share Ratio
Allego has a P/B Ratio of 2.52. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Allego Stock (NYSE:ALLG)

Allego N.V. operates as an electric vehicle (EV) charging company. The company offers charging solutions for electric cars, motors, buses, and trucks. It has a charging network with renewable energy and charging solutions for business-to-business customers, including leading retail and auto brands. The company has approximately 28,000 charging ports in Europe. It also provides Allego EV Cloud, a customer payment tool that offers essential services to owned and third-party customers comprising authorization and billing, smart charging and load balancing, analysis, and customer support. The company was founded in 2013 and is based in Arnhem, the Netherlands.

ALLG Stock Price History

30 days | 90 days | 365 days | Advanced Chart

ALLG Stock News Headlines

April 14, 2024 | investing.com

Allego faces NYSE delisting over low share price

April 12, 2024 | businesswire.com

Allego Announces Receipt of NYSE Notice of Non-Compliance With Continued Listing Standards

April 19, 2024 | Gold Safe Exchange (Ad)

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April 10, 2024 | investorplace.com

Wall Street Favorites: 3 EV Charging Stocks With Strong Buy Ratings for April 2024

April 1, 2024 | msn.com

Israel clears way to shutter Al Jazeera. Netanyahu says 'terror channel' airs incitement

April 1, 2024 | finance.yahoo.com

Allego to Postpone Fourth Quarter and Full Year 2023 Financial Results Conference Call

April 1, 2024 | investorplace.com

The 3 Best EV Charging Stocks to Buy in April 2024

March 27, 2024 | finanznachrichten.de

Allego N.V.: Ford and Allego Partner to Electrify European Dealership Network with Ultra-Fast Charging

April 19, 2024 | Gold Safe Exchange (Ad)

The “Perfect Storm” for Gold

Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.

March 27, 2024 | finance.yahoo.com

Ford and Allego Partner to Electrify European Dealership Network with Ultra-Fast Charging

March 27, 2024 | markets.businessinsider.com

Ford Teams Up With Allego To Bring Ultra-Fast Charging Facilities For EV Customers In Europe

March 26, 2024 | businesswire.com

Allego Schedules Conference Call to Discuss Fourth Quarter and Full Year 2023 Financial Results

March 26, 2024 | reuters.com

Ford, Allego team up for fast EV charging at dealers across Europe

March 14, 2024 | msn.com

RumbleON misses top-line and bottom-line estimates; initiates FY24 and beyond outlook

February 28, 2024 | finance.yahoo.com

Allego Enters Into Partnership with Burger King France to Enable Its Restaurants to Provide Ultra-Fast Charging, Reinforcing Allego’s Leading Position in France

February 28, 2024 | businesswire.com

Allego Enters Into Partnership with Burger King France to Enable Its Restaurants to Provide Ultra-Fast Charging, Reinforcing Allego's Leading Position in France

February 19, 2024 | investorplace.com

3 EV Stocks That Could Be Multibaggers in the Making: February 2024 Edition

February 15, 2024 | finanznachrichten.de

Allego Earns #1 Sales Enablement Platform as ranked by G2's 2024 Best Software Awards for Best Sales Products

February 6, 2024 | markets.businessinsider.com

Allego CFO Ton Louwers Resigns

February 6, 2024 | finance.yahoo.com

Allego Announces Chief Financial Officer Transition

January 31, 2024 | msn.com

Wall Street Favorites: 3 EV Charging Stocks with Strong Buy Ratings in January 2024

January 10, 2024 | finance.yahoo.com

Allego to Present at the 26th Annual Needham Growth Conference

December 28, 2023 | morningstar.com

Allego NV ALLG

November 30, 2023 | za.investing.com

Allego declares pilot for high-power EV truck charging a success

November 30, 2023 | finanznachrichten.de

Allego N.V.: Allego Announces Successful Pilot Program for High-Powered Truck Charging; Initial 2024 Network Roll-out Planned

November 30, 2023 | finance.yahoo.com

Allego Announces Successful Pilot Program for High-Powered Truck Charging; Initial 2024 Network Roll-out Planned

November 18, 2023 | seekingalpha.com

Allego: Negative Shareholders' Equity And Underwhelming Q3 2023 Results

See More Headlines

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Company Calendar

Last Earnings: 11/14/2023
Today: 4/18/2024
Fiscal Year End: 12/31/2024

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Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Computer and Technology
Industry: Automotive repair, services & parking
Sub-Industry: N/A
Current Symbol: NYSE:ALLG
CUSIP: N/A
CIK: 1874474
Web: www.allego.eu
Phone: 31-0-88-033-3033
Fax: N/A
Employees: 200
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $7.75
High Stock Price Target: $8.00
Low Stock Price Target: $7.50
Potential Upside/Downside: +634.6%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: N/A
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: N/A
Return on Assets: N/A

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.21
Quick Ratio: 0.85

Sales & Book Value

Annual Sales: $141.10 million
Price / Sales: N/A
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $0.42 per share
Price / Book: 2.51

Miscellaneous

Outstanding Shares: N/A
Free Float: N/A
Market Cap: N/A
Optionable: Not Optionable
Beta: 0.52

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Key Executives

Mr. Mathieu J.J. Bonnet (Age 50)
CEO & Executive Director
Mr. Ton Louwers (Age 57)
Chief Financial Officer
Mr. Alexis Galley (Age 59)
Chief Technology Officer
Mr. Manish Amrat Somaiya
Group Head of Investor Relations & Capital Markets

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

ALLG Stock Analysis - Frequently Asked Questions

Should I buy or sell Allego stock right now?: 1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Allego in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" ALLG shares.
View ALLG analyst ratings or view top-rated stocks.
What is Allego's stock price target for 2024?: 1 Wall Street analysts have issued 12 month target prices for Allego's shares. Their ALLG share price targets range from $7.50 to $8.00. On average, they anticipate the company's share price to reach $7.75 in the next year. This suggests a possible upside of 631.1% from the stock's current price.
View analysts price targets for ALLG or view top-rated stocks among Wall Street analysts.
How have ALLG shares performed in 2024?: Allego's stock was trading at $1.35 on January 1st, 2024. Since then, ALLG stock has decreased by 21.5% and is now trading at $1.06.
View the best growth stocks for 2024 here.
Are investors shorting Allego?: Allego saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 557,500 shares, an increase of 105.3% from the March 15th total of 271,600 shares. Based on an average daily trading volume, of 446,500 shares, the short-interest ratio is presently 1.2 days. Approximately 7.2% of the company's stock are short sold.
View Allego's Short Interest.

How were Allego's earnings last quarter?: Allego (NYSE:ALLG) issued its quarterly earnings data on Tuesday, November, 14th. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.02) by $0.15. The company earned $31.14 million during the quarter.
How do I buy shares of Allego?: Shares of ALLG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:ALLG) was last updated on 4/19/2024 by MarketBeat.com Staff

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Allego (ALLG) Stock Price, News & Analysis

Allego MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Consensus Rating

Amount of Analyst Coverage

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Dividend Yield

Dividend Growth

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Insider Buying vs. Insider Selling

Percentage Held by Insiders

Earnings and Valuation

Price to Book Value per Share Ratio

About Allego Stock (NYSE:ALLG)

ALLG Stock Price History

ALLG Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Institutional Ownership

ALLG Stock Analysis - Frequently Asked Questions

Overall MarketRank^™