Those determined to outshine the market strategically focus on the selection of individual stocks. Well-chosen stocks have the potential to substantially boost your wealth.
The closing price of Allegro Microsystems Inc (NASDAQ: ALGM) was $26.94 for the day, up 0.60% from the previous closing price of $26.78. In other words, the price has increased by $0.60 from its previous closing price. On the day, 2.13 million shares were traded. ALGM stock price reached its highest trading level at $27.13 during the session, while it also had its lowest trading level at $26.12.
Ratios:
Our analysis of ALGM’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 33.30 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 714.74. For the most recent quarter (mrq), Quick Ratio is recorded 3.00 and its Current Ratio is at 4.91. In the meantime, Its Debt-to-Equity ratio is 0.43 whereas as Long-Term Debt/Eq ratio is at 0.42.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Wells Fargo on November 22, 2024, initiated with a Overweight rating and assigned the stock a target price of $23.
On November 12, 2024, Loop Capital started tracking the stock assigning a Buy rating and target price of $30.
On November 07, 2024, Morgan Stanley started tracking the stock assigning a Equal-Weight rating and target price of $21.Morgan Stanley initiated its Equal-Weight rating on November 07, 2024, with a $21 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Nov 18 ’24 when Doogue Michael bought 15,000 shares for $19.00 per share. The transaction valued at 285,000 led to the insider holds 246,086 shares of the business.
Nargolwala Vineet A bought 5,000 shares of ALGM for $99,446 on Nov 05 ’24. The President and CEO now owns 356,113 shares after completing the transaction at $19.89 per share. On Aug 07 ’24, another insider, Sanken Electric Co., Ltd., who serves as the 10% Owner of the company, sold 10,017,315 shares for $23.16 each. As a result, the insider received 232,001,015 and left with 59,732,782 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 4960327168 and an Enterprise Value of 5221360128. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.42 while its Price-to-Book (P/B) ratio in mrq is 5.31. Its current Enterprise Value per Revenue stands at 6.757 whereas that against EBITDA is 51.619.
Stock Price History:
The Beta on a monthly basis for ALGM is 1.50, which has changed by -0.01028657 over the last 52 weeks, in comparison to a change of 0.09589827 over the same period for the S&P500. Over the past 52 weeks, ALGM has reached a high of $33.26, while it has fallen to a 52-week low of $18.59. The 50-Day Moving Average of the stock is 9.24%, while the 200-Day Moving Average is calculated to be 11.34%.
Shares Statistics:
ALGM traded an average of 3.09M shares per day over the past three months and 4815560 shares per day over the past ten days. A total of 184.04M shares are outstanding, with a floating share count of 122.30M. Insiders hold about 33.58% of the company’s shares, while institutions hold 77.33% stake in the company. Shares short for ALGM as of 1740700800 were 15197067 with a Short Ratio of 4.92, compared to 1738281600 on 11277986. Therefore, it implies a Short% of Shares Outstanding of 15197067 and a Short% of Float of 17.950001.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
