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After finishing at $22.67 in the prior trading day, Allegro Microsystems Inc. (NASDAQ: ALGM) closed at $22.66, down -0.04%. In other words, the price has decreased by -$0.04 from its previous closing price. On the day, 2.01 million shares were traded. ALGM stock price reached its highest trading level at $23.23 during the session, while it also had its lowest trading level at $22.05.
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 22.63 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 55.26. For the most recent quarter (mrq), Quick Ratio is recorded 2.98 and its Current Ratio is at 4.65. In the meantime, Its Debt-to-Equity ratio is 0.20 whereas as Long-Term Debt/Eq ratio is at 0.20.
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, UBS on September 03, 2024, initiated with a Buy rating and assigned the stock a target price of $33.
On May 13, 2024, Jefferies started tracking the stock assigning a Buy rating and target price of $37.
TD Cowen reiterated its Buy rating for the stock on May 10, 2024, while the target price for the stock was revised from $35 to $32.
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 Aug 07 ’24 when Sanken Electric Co., Ltd. sold 10,017,315 shares for $23.16 per share. The transaction valued at 232,001,015 led to the insider holds 59,732,782 shares of the business.
Sanken Electric Co., Ltd. sold 28,750,000 shares of ALGM for $665,850,000 on Jul 29 ’24. The 10% Owner now owns 69,750,097 shares after completing the transaction at $23.16 per share. On May 30 ’24, another insider, Lury Richard R., who serves as the Director of the company, sold 8,500 shares for $30.00 each. As a result, the insider received 255,000 and left with 23,001 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 4167242240 and an Enterprise Value of 4449529344. As of this moment, Allegro’s Price-to-Earnings (P/E) ratio for their current fiscal year is 59.71, and their Forward P/E ratio for the next fiscal year is 20.89. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 6.86. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.44 while its Price-to-Book (P/B) ratio in mrq is 3.96. Its current Enterprise Value per Revenue stands at 4.744 whereas that against EBITDA is 21.235.
Stock Price History:
Over the past 52 weeks, ALGM has reached a high of $38.19, while it has fallen to a 52-week low of $20.42. The 50-Day Moving Average of the stock is -13.74%, while the 200-Day Moving Average is calculated to be -19.36%.
Shares Statistics:
The stock has traded on average 2.10M shares per day over the past 3-months and 1541640 shares per day over the last 10 days, according to various share statistics. A total of 193.16M shares are outstanding, with a floating share count of 133.12M. Insiders hold about 27.62% of the company’s shares, while institutions hold 58.53% stake in the company. Shares short for ALGM as of 1723680000 were 8877482 with a Short Ratio of 4.23, compared to 1721001600 on 9351313. Therefore, it implies a Short% of Shares Outstanding of 8877482 and a Short% of Float of 10.5100006.
