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As of close of business last night, Allegro Microsystems Inc’s stock clocked out at $21.04, down -4.67% from its previous closing price of $22.07. In other words, the price has decreased by -$4.67 from its previous closing price. On the day, 1.92 million shares were traded. ALGM stock price reached its highest trading level at $23.13 during the session, while it also had its lowest trading level at $20.831.
Ratios:
To gain a deeper understanding of ALGM’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 19.45 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 57.87. For the most recent quarter (mrq), Quick Ratio is recorded 2.80 and its Current Ratio is at 4.22. In the meantime, Its Debt-to-Equity ratio is 0.45 whereas as Long-Term Debt/Eq ratio is at 0.44.
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:
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 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 3871023616 and an Enterprise Value of 4108407296. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.55 while its Price-to-Book (P/B) ratio in mrq is 4.13. Its current Enterprise Value per Revenue stands at 4.834 whereas that against EBITDA is 29.085.
Stock Price History:
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 -0.75%, while the 200-Day Moving Average is calculated to be -17.06%.
Shares Statistics:
It appears that ALGM traded 2.20M shares on average per day over the past three months and 1740900 shares per day over the past ten days. A total of 183.98M shares are outstanding, with a floating share count of 122.37M. Insiders hold about 33.49% of the company’s shares, while institutions hold 77.57% stake in the company. Shares short for ALGM as of 1732838400 were 12946099 with a Short Ratio of 5.88, compared to 1730332800 on 12305399. Therefore, it implies a Short% of Shares Outstanding of 12946099 and a Short% of Float of 15.310000000000002.
