NYSE:ALLG

Allego (ALLG) Stock Forecast, Price & News

$2.34

+0.04 (+1.74%)

(As of 06/8/2023 ET)

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Today's Range: $2.31
▼
$2.44
50-Day Range: $1.88
▼
$2.44
52-Week Range: $1.85
▼
$8.01

Volume: 42,119 shs
Average Volume: 84,151 shs
Market Capitalization: $162.84 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $7.10

Allego MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 203.4% Upside
$7.10 Price Target
Short Interest: Healthy
4.02% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.00
Based on 5 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.97 out of 5 stars

Computer And Technology Sector

381st out of 599 stocks

Automotive Repair, Services & Parking Industry

3rd out of 5 stocks

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 2 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $7.10, Allego has a forecasted upside of 203.4% from its current price of $2.34.
Amount of Analyst Coverage
Allego has received no research coverage in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
4.02% 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 2.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Allego has recently decreased by 13.95%, indicating that investor sentiment is improving 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.

0.6

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 5 news articles for Allego this week, compared to 1 article on an average week.
MarketBeat Follows
4 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.
Percentage Held by Institutions
Only 34.24% of the stock of Allego is held by institutions.

0.0

Earnings and Valuation

Price to Book Value per Share Ratio
Allego has a P/B Ratio of 5.57. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Allego (NYSE:ALLG) Stock

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.

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ALLG Stock News Headlines

June 6, 2023 | benzinga.com

Allego to Present at TD Cowen's Sustainability Week

June 6, 2023 | fool.com

Allego (NYSE: ALLG)

June 8, 2023 | UNKNOWN (Ad)

This NASDAQ Stock Is The Amazon Of Medical Supply

This Little Known Company IS Quickly Becoming The Amazon Of Medical Supply. Learn More Now

June 6, 2023 | americanbankingnews.com

Contrasting Allego (NYSE:ALLG) & Monro (NASDAQ:MNRO)

June 5, 2023 | finanznachrichten.de

Allego N.V.: Allego Reports First Quarter 2023 Results; Allego Nearly Triples Charging Revenues in Q1 2023

June 5, 2023 | finance.yahoo.com

Allego Reports First Quarter 2023 Results; Allego Nearly Triples Charging Revenues in Q1 2023

May 31, 2023 | finance.yahoo.com

porta Group and Allego to Roll Out Fast-Charging Stations Across Germany

May 31, 2023 | americanbankingnews.com

Allego (ALLG) Scheduled to Post Quarterly Earnings on Monday

June 8, 2023 | Behind the Markets (Ad)

[BREAKING] Pentagon to Spend Billions on "Living Missile"

Air Force Magazine calls it "transformational." The Wall Street Journal calls it one of the Pentagon's "highest priorities." National Defense Magazine reports "Eye-popping budget" for it. This small company won the first contract to build them!

May 30, 2023 | finance.yahoo.com

Allego Schedules Conference Call to Discuss First Quarter 2023 Financial Results

May 30, 2023 | americanbankingnews.com

Allego (NYSE:ALLG) & Mister Car Wash (NYSE:MCW) Critical Analysis

May 29, 2023 | americanbankingnews.com

Financial Survey: Allego (NYSE:ALLG) and Driven Brands (NASDAQ:DRVN)

May 25, 2023 | msn.com

DA Davidson Maintains Allego (ALLG) Buy Recommendation

May 24, 2023 | americanbankingnews.com

DA Davidson Trims Allego (NYSE:ALLG) Target Price to $7.50

May 19, 2023 | finance.yahoo.com

Analysts Have Been Trimming Their Allego N.V. (NYSE:ALLG) Price Target After Its Latest Report

May 19, 2023 | msn.com

Why Allego Stock Was on Fire This Week

May 18, 2023 | msn.com

TD Cowen Maintains Allego (ALLG) Outperform Recommendation

May 17, 2023 | msn.com

Allego GAAP EPS of -€1.21, revenue of €133.9M

May 16, 2023 | finanznachrichten.de

Allego N.V.: Allego Reports Fourth Quarter and Full-Year 2022 Results; Demonstrates Strong Operating Dynamics

May 16, 2023 | finance.yahoo.com

Allego Reports Fourth Quarter and Full-Year 2022 Results; Demonstrates Strong Operating Dynamics

May 16, 2023 | finance.yahoo.com

Allego N.V. files Annual Report on Form 20-F for 2022

May 11, 2023 | finance.yahoo.com

Allego Schedules Conference Call to Discuss Fourth Quarter and Full Year 2022 Financial Results

April 18, 2023 | finance.yahoo.com

Why Investors Shouldn't Be Surprised By Allego N.V.'s (NYSE:ALLG) P/S

February 21, 2023 | finance.yahoo.com

Allego commissions 4 electric vehicle fast-charging hubs on the VINCI Autoroutes network

February 7, 2023 | finance.yahoo.com

Allego to Participate in Citi’s 2023 Global Industrial Tech and Mobility Conference

December 19, 2022 | finance.yahoo.com

Allego Expands Credit Facility to €400 million, Securing Growth Capital Supporting its Significant Backlog

December 8, 2022 | finance.yahoo.com

Allego to Participate in dbAccess AutoTech Conference

See More Headlines

ALLG Price History

30 days | 90 days | 365 days | Advanced Chart

ALLG Company Calendar

Today: 6/08/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Automotive repair, services & parking
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NYSE:ALLG
CUSIP: N/A
CIK: 1874474
Web: www.allego.eu
Phone: 31-0-88-033-3033
Fax: N/A
Employees: 1,700
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $7.10
High Stock Price Forecast: $10.00
Low Stock Price Forecast: $4.00
Forecasted Upside/Downside: +203.4%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 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: 11.28
Current Ratio: 1.83
Quick Ratio: 1.54

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: 5.57

Miscellaneous

Outstanding Shares: N/A
Free Float: N/A
Market Cap: $162.84 million
Optionable: Not Optionable
Beta: 0.42

Key Executives

Mr. Mathieu Bonnet (Age 49)
CEO & Director

Mr. Ton Louwers (Age 56)
COO & CFO

Mr. Alexis Galley (Age 58)
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 - Frequently Asked Questions

Should I buy or sell Allego stock right now?: 2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Allego in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ALLG shares.
View ALLG analyst ratings or view top-rated stocks.
What is Allego's stock price forecast for 2023?: 2 equities research analysts have issued 12 month target prices for Allego's shares. Their ALLG share price forecasts range from $4.00 to $10.00. On average, they anticipate the company's stock price to reach $7.10 in the next twelve months. This suggests a possible upside of 203.4% 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 2023?: Allego's stock was trading at $3.14 at the beginning of 2023. Since then, ALLG shares have decreased by 25.5% and is now trading at $2.34.
View the best growth stocks for 2023 here.
Are investors shorting Allego?: Allego saw a decrease in short interest in the month of May. As of May 15th, there was short interest totaling 284,300 shares, a decrease of 14.0% from the April 30th total of 330,400 shares. Based on an average trading volume of 102,000 shares, the days-to-cover ratio is currently 2.8 days. Approximately 4.0% of the shares of the stock are sold short.
View Allego's Short Interest.
What ETFs hold Allego's stock?: ETFs with the largest weight of Allego (NYSE:ALLG) stock in their portfolio include Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares (EVAV).Carbon Collective Climate Solutions U.S. Equity ETF (CCSO).
What guidance has Allego issued on next quarter's earnings?: Allego updated its FY 2023 earnings guidance on Friday, May, 26th. The company provided EPS guidance of for the period. The company issued revenue guidance of $193.18 million-$236.11 million.

What is Allego's stock symbol?: Allego trades on the New York Stock Exchange (NYSE) under the ticker symbol "ALLG."
Who are Allego's major shareholders?: Allego's stock is owned by a variety of institutional and retail investors. Top institutional investors include Apollo Management Holdings L.P. (27.11%), Renaissance Technologies LLC (0.07%), ExodusPoint Capital Management LP (0.03%), Susquehanna International Group LLP (0.00%), Brave Asset Management Inc. (0.03%) and MCF Advisors LLC (0.03%).
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Allego's stock price today?: One share of ALLG stock can currently be purchased for approximately $2.34.
How much money does Allego make?: Allego (NYSE:ALLG) has a market capitalization of $162.84 million and generates $141.10 million in revenue each year.
How many employees does Allego have?: The company employs 1,700 workers across the globe.
How can I contact Allego?: Allego's mailing address is 9 West 57th Street 43rd Floor, New York NY, 10019. The official website for the company is www.allego.eu. The company can be reached via phone at 31-0-88-033-3033 or via email at manish.somaiya@allego.eu.

This page (NYSE:ALLG) was last updated on 6/8/2023 by MarketBeat.com Staff

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