In the latest session, Allegro Microsystems Inc. (NASDAQ: ALGM) closed at $27.78 up 1.02% from its previous closing price of $27.50. In other words, the price has increased by $+0.28 from its previous closing price. On the day, 1237795 shares were traded.
Ratios:
For a deeper understanding of Allegro Microsystems Inc.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 23.98 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 72.17. 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Mar 08 ’24 when Glover Max R. sold 15,000 shares for $31.77 per share. The transaction valued at 476,486 led to the insider holds 244,625 shares of the business.
Nargolwala Vineet A bought 1,000 shares of ALGM for $27,840 on Nov 17 ’23. The President and CEO now owns 302,161 shares after completing the transaction at $27.84 per share. On Nov 14 ’23, another insider, Lynch Susan D, who serves as the Director of the company, bought 350 shares for $27.37 each. As a result, the insider paid 9,580 and bolstered with 16,711 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 5.37B and an Enterprise Value of 5.43B. As of this moment, Allegro’s Price-to-Earnings (P/E) ratio for their current fiscal year is 24.42, and their Forward P/E ratio for the next fiscal year is 30.71. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.81. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.98 while its Price-to-Book (P/B) ratio in mrq is 4.73. Its current Enterprise Value per Revenue stands at 5.03 whereas that against EBITDA is 17.21.
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 29.22, while the 200-Day Moving Average is calculated to be 33.81.
Shares Statistics:
For the past three months, ALGM has traded an average of 1.75M shares per day and 1.75M over the past ten days. A total of 191.75M shares are outstanding, with a floating share count of 78.63M. Insiders hold about 59.28% of the company’s shares, while institutions hold 43.81% stake in the company. Shares short for ALGM as of Feb 29, 2024 were 7.87M with a Short Ratio of 4.50, compared to 6.52M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.07% and a Short% of Float of 10.35%.
Earnings Estimates
There are 8 different market analysts currently analyzing its stock. 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
A total of 8 analysts believe the company’s revenue will be $234.93M this 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.
