After finishing at $30.56 in the prior trading day, Allegro Microsystems Inc. (NASDAQ: ALGM) closed at $31.29, up 2.39%. In other words, the price has increased by $+0.73 from its previous closing price. On the day, 1653019 shares were traded. ALGM stock price reached its highest trading level at $31.82 during the session, while it also had its lowest trading level at $30.67.
Ratios:
Our goal is to gain a better understanding of ALGM by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 27.01 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 81.29. For the most recent quarter (mrq), Quick Ratio is recorded 3.19 and its Current Ratio is at 4.57. In the meantime, Its Debt-to-Equity ratio is 0.24 whereas as Long-Term Debt/Eq ratio is at 0.24.
On February 02, 2024, TD Cowen reiterated its Outperform rating and also lowered its target price recommendation from $32 to $35.
On September 29, 2023, BofA Securities started tracking the stock assigning a Neutral rating and target price of $36.BofA Securities initiated its Neutral rating on September 29, 2023, with a $36 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Nov 17 ’23 when Nargolwala Vineet A bought 1,000 shares for $27.84 per share. The transaction valued at 27,840 led to the insider holds 302,161 shares of the business.
Lynch Susan D bought 350 shares of ALGM for $9,580 on Nov 14 ’23. The Director now owns 16,711 shares after completing the transaction at $27.37 per share. On Sep 15 ’23, another insider, D’Antilio Derek, who serves as the SVP, CFO & Treasurer of the company, bought 1,488 shares for $33.63 each. As a result, the insider paid 50,041 and bolstered with 142,899 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ALGM now has a Market Capitalization of 6.04B and an Enterprise Value of 6.10B. As of this moment, Allegro’s Price-to-Earnings (P/E) ratio for their current fiscal year is 27.51, and their Forward P/E ratio for the next fiscal year is 34.58. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.16. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.60 while its Price-to-Book (P/B) ratio in mrq is 5.33. Its current Enterprise Value per Revenue stands at 5.66 whereas that against EBITDA is 19.36.
Stock Price History:
Over the past 52 weeks, ALGM has reached a high of $53.05, while it has fallen to a 52-week low of $24.66. The 50-Day Moving Average of the stock is 29.28, while the 200-Day Moving Average is calculated to be 34.17.
Shares Statistics:
The stock has traded on average 1.75M shares per day over the past 3-months and 1.79M shares per day over the last 10 days, according to various share statistics. A total of 191.75M shares are outstanding, with a floating share count of 78.23M. Insiders hold about 59.49% of the company’s shares, while institutions hold 43.80% stake in the company. Shares short for ALGM as of Feb 15, 2024 were 7.18M with a Short Ratio of 4.11, compared to 5.81M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.72% and a Short% of Float of 9.44%.
Earnings Estimates
Its stock is currently analyzed by 8 different market analysts. On average, analysts expect EPS of $0.21 for the current quarter, with a high estimate of $0.22 and a low estimate of $0.21, while EPS last year was $0.37. The consensus estimate for the next quarter is $0.17, with high estimates of $0.19 and low estimates of $0.16.
Analysts are recommending an EPS of between $1.33 and $1.32 for the fiscal current year, implying an average EPS of $1.32. EPS for the following year is $0.88, with 8 analysts recommending between $1.01 and $0.73.
Revenue Estimates
8 analysts predict $234.93M in revenue for the current quarter. It ranges from a high estimate of $235.03M to a low estimate of $234.7M. As of the current estimate, Allegro Microsystems Inc.’s year-ago sales were $269.44M, an estimated decrease of -12.80% from the year-ago figure. For the next quarter, 8 analysts are estimating revenue of $214.48M, a decrease of -22.00% less than the figure of -$12.80% in the same quarter last year. There is a high estimate of $217M for the next quarter, whereas the lowest estimate is $209M.
A total of 8 analysts have provided revenue estimates for ALGM’s current fiscal year. The highest revenue estimate was $1.04B, while the lowest revenue estimate was $1.04B, resulting in an average revenue estimate of $1.04B. In the same quarter a year ago, actual revenue was $973.65M, up 7.20% from the average estimate. Based on 8 analysts’ estimates, the company’s revenue will be $936.97M in the next fiscal year. The high estimate is $972M and the low estimate is $898.5M. The average revenue growth estimate for next year is down -10.20% from the average revenue estimate for this year.
