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As of close of business last night, Alignment Healthcare Inc’s stock clocked out at $10.88, down -4.81% from its previous closing price of $11.43. In other words, the price has decreased by -$4.81 from its previous closing price. On the day, 1.22 million shares were traded. ALHC stock price reached its highest trading level at $11.73 during the session, while it also had its lowest trading level at $10.79.
Ratios:
To gain a deeper understanding of ALHC’s stock, we examine its different ratios. In the meantime, Its Debt-to-Equity ratio is 1.78 whereas as Long-Term Debt/Eq ratio is at 1.78.
On May 30, 2024, BofA Securities Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $7.75 to $11.
On May 30, 2024, Robert W. Baird started tracking the stock assigning a Outperform rating and target price of $10.Robert W. Baird initiated its Outperform rating on May 30, 2024, with a $10 target price.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Oct 15 ’24 when Maroney Dawn Christine sold 30,000 shares for $10.77 per share. The transaction valued at 323,082 led to the insider holds 1,726,097 shares of the business.
Freeman Robert Thomas sold 30,500 shares of ALHC for $350,872 on Oct 14 ’24. The Chief Financial Officer now owns 164,109 shares after completing the transaction at $11.50 per share. On Oct 14 ’24, another insider, FCO HOLDINGS LLC, who serves as the Officer of the company, bought 61,000 shares for $11.45 each.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ALHC now has a Market Capitalization of 2081344000 and an Enterprise Value of 1938649472. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.93 while its Price-to-Book (P/B) ratio in mrq is 16.82. Its current Enterprise Value per Revenue stands at 0.869 whereas that against EBITDA is -18.544.
Stock Price History:
Over the past 52 weeks, ALHC has reached a high of $12.36, while it has fallen to a 52-week low of $4.46. The 50-Day Moving Average of the stock is 5.93%, while the 200-Day Moving Average is calculated to be 40.72%.
Shares Statistics:
It appears that ALHC traded 1.22M shares on average per day over the past three months and 1168830 shares per day over the past ten days. A total of 188.95M shares are outstanding, with a floating share count of 86.93M. Insiders hold about 54.59% of the company’s shares, while institutions hold 41.05% stake in the company. Shares short for ALHC as of 1727654400 were 3911333 with a Short Ratio of 3.21, compared to 1724976000 on 4481593. Therefore, it implies a Short% of Shares Outstanding of 3911333 and a Short% of Float of 3.2.
