Allogene Therapeutics Stock Debt To Equity
| ALLO Stock | USD 2.76 0.10 3.50% |
Allogene Therapeutics fundamentals help investors to digest information that contributes to Allogene Therapeutics' financial success or failures. It also enables traders to predict the movement of Allogene Stock. The fundamental analysis module provides a way to measure Allogene Therapeutics' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Allogene Therapeutics stock.
| Last Reported | Projected for Next Year | ||
| Debt To Equity | 0.19 | 0.19 |
Allogene | Debt To Equity |
Allogene Therapeutics Company Debt To Equity Analysis
Allogene Therapeutics' Debt to Equity is calculated by dividing the Total Debt of a company by its Equity. If the debt exceeds equity of a company, then the creditors have more stakes in a firm than the stockholders. In other words, Debt to Equity ratio provides analysts with insights about composition of both equity and debt, and its influence on the valuation of the company.
Current Allogene Therapeutics Debt To Equity | 0.13 % |
Most of Allogene Therapeutics' fundamental indicators, such as Debt To Equity, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Allogene Therapeutics is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Allogene Debt To Equity Driver Correlations
Understanding the fundamental principles of building solid financial models for Allogene Therapeutics is extremely important. It helps to project a fair market value of Allogene Stock properly, considering its historical fundamentals such as Debt To Equity. Since Allogene Therapeutics' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Allogene Therapeutics' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Allogene Therapeutics' interrelated accounts and indicators.
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Allogene Debt To Equity Historical Pattern
Today, most investors in Allogene Therapeutics Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Allogene Therapeutics' growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's debt to equity growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Allogene Therapeutics debt to equity as a starting point in their analysis.
Allogene Therapeutics Debt To Equity |
| Timeline |
High Debt to Equity ratio typically indicates that a firm has been borrowing aggressively to finance its growth and as a result may experience a burden of additional interest expense. This may reduce earnings or future growth. On the other hand a small D/E ratio may indicate that a company is not taking enough advantage from financial leverage. Debt to Equity ratio measures how the company is leveraging borrowing against the capital invested by the owners.
| Competition |
Allogene Total Stockholder Equity
Total Stockholder Equity |
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According to the company disclosure, Allogene Therapeutics has a Debt To Equity of 0.129%. This is 99.76% lower than that of the Biotechnology sector and 99.33% lower than that of the Health Care industry. The debt to equity for all United States stocks is 99.74% higher than that of the company.
Allogene Debt To Equity Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Allogene Therapeutics' direct or indirect competition against its Debt To Equity to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Allogene Therapeutics could also be used in its relative valuation, which is a method of valuing Allogene Therapeutics by comparing valuation metrics of similar companies.Allogene Therapeutics is currently under evaluation in debt to equity category among related companies.
Allogene Therapeutics Current Valuation Drivers
We derive many important indicators used in calculating different scores of Allogene Therapeutics from analyzing Allogene Therapeutics' financial statements. These drivers represent accounts that assess Allogene Therapeutics' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Allogene Therapeutics' important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 2.6B | 3.0B | 2.0B | 900.4M | 503.8M | 478.6M | |
| Enterprise Value | 2.1B | 2.1B | 1.3B | 419.0M | 515.7M | 489.9M |
Allogene Therapeutics ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Allogene Therapeutics' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Allogene Therapeutics' managers, analysts, and investors.Environmental | Governance | Social |
Allogene Fundamentals
| Return On Equity | -0.56 | ||||
| Return On Asset | -0.27 | ||||
| Current Valuation | 113.12 M | ||||
| Shares Outstanding | 170.72 M | ||||
| Shares Owned By Insiders | 20.81 % | ||||
| Shares Owned By Institutions | 72.05 % | ||||
| Number Of Shares Shorted | 33.87 M | ||||
| Price To Earning | (3.30) X | ||||
| Price To Book | 1.25 X | ||||
| Price To Sales | 6,764 X | ||||
| Revenue | 95 K | ||||
| Gross Profit | 243 K | ||||
| EBITDA | (287.05 M) | ||||
| Net Income | (327.26 M) | ||||
| Cash And Equivalents | 490.49 M | ||||
| Cash Per Share | 3.41 X | ||||
| Total Debt | 95.12 M | ||||
| Debt To Equity | 0.13 % | ||||
| Current Ratio | 11.42 X | ||||
| Book Value Per Share | 3.04 X | ||||
| Cash Flow From Operations | (237.73 M) | ||||
| Short Ratio | 18.04 X | ||||
| Earnings Per Share | (2.09) X | ||||
| Price To Earnings To Growth | (4.18) X | ||||
| Target Price | 9.69 | ||||
| Number Of Employees | 232 | ||||
| Beta | 0.9 | ||||
| Market Capitalization | 471.2 M | ||||
| Total Asset | 642.84 M | ||||
| Retained Earnings | (1.56 B) | ||||
| Working Capital | 422.04 M | ||||
| Current Asset | 418.72 M | ||||
| Current Liabilities | 26.36 M | ||||
| Net Asset | 642.84 M |
About Allogene Therapeutics Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Allogene Therapeutics's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Allogene Therapeutics using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Allogene Therapeutics based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Allogene Therapeutics in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Allogene Therapeutics' short interest history, or implied volatility extrapolated from Allogene Therapeutics options trading.
Pair Trading with Allogene Therapeutics
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Allogene Therapeutics position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Allogene Therapeutics will appreciate offsetting losses from the drop in the long position's value.Moving together with Allogene Stock
| 0.78 | BMY | Bristol Myers Squibb Aggressive Push | PairCorr |
| 0.86 | JNJ | Johnson Johnson Financial Report 18th of July 2024 | PairCorr |
Moving against Allogene Stock
| 0.86 | MAIA | MAIA Biotechnology | PairCorr |
| 0.56 | MRK | Merck Company Sell-off Trend | PairCorr |
| 0.54 | NUVB | Nuvation Bio | PairCorr |
The ability to find closely correlated positions to Allogene Therapeutics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Allogene Therapeutics when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Allogene Therapeutics - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Allogene Therapeutics to buy it.
The correlation of Allogene Therapeutics is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Allogene Therapeutics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Allogene Therapeutics moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Allogene Therapeutics can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Allogene Therapeutics Piotroski F Score and Allogene Therapeutics Altman Z Score analysis. To learn how to invest in Allogene Stock, please use our How to Invest in Allogene Therapeutics guide.You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Complementary Tools for Allogene Stock analysis
When running Allogene Therapeutics' price analysis, check to measure Allogene Therapeutics' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Allogene Therapeutics is operating at the current time. Most of Allogene Therapeutics' value examination focuses on studying past and present price action to predict the probability of Allogene Therapeutics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Allogene Therapeutics' price. Additionally, you may evaluate how the addition of Allogene Therapeutics to your portfolios can decrease your overall portfolio volatility.
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Is Allogene Therapeutics' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Allogene Therapeutics. If investors know Allogene will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Allogene Therapeutics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.09) | Revenue Per Share 0.001 | Quarterly Revenue Growth (0.55) | Return On Assets (0.27) | Return On Equity (0.56) |
The market value of Allogene Therapeutics is measured differently than its book value, which is the value of Allogene that is recorded on the company's balance sheet. Investors also form their own opinion of Allogene Therapeutics' value that differs from its market value or its book value, called intrinsic value, which is Allogene Therapeutics' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Allogene Therapeutics' market value can be influenced by many factors that don't directly affect Allogene Therapeutics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Allogene Therapeutics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Allogene Therapeutics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Allogene Therapeutics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.