Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
In the latest session, Allegro Microsystems Inc. (NASDAQ: ALGM) closed at $27.67 down -5.76% from its previous closing price of $29.36. In other words, the price has decreased by -$5.76 from its previous closing price. On the day, 7.51 million shares were traded. ALGM stock price reached its highest trading level at $28.05 during the session, while it also had its lowest trading level at $23.64.
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 23.88 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 71.88. 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.
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, Evercore ISI on April 16, 2024, initiated with a Outperform rating and assigned the stock a target price of $36.
On February 02, 2024, Wolfe Research Upgraded its rating to Outperform which previously was Peer Perform but kept the price unchanged to $35.
TD Cowen reiterated its Outperform rating for the stock on February 02, 2024, while the target price for the stock was revised from $32 to $35.
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 5343796224 and an Enterprise Value of 5733350400. As of this moment, Allegro’s Price-to-Earnings (P/E) ratio for their current fiscal year is 24.32, and their Forward P/E ratio for the next fiscal year is 23.84. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.80. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.96 while its Price-to-Book (P/B) ratio in mrq is 4.71. Its current Enterprise Value per Revenue stands at 5.317 whereas that against EBITDA is 19.079.
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 -2.44%, while the 200-Day Moving Average is calculated to be -10.43%.
Shares Statistics:
For the past three months, ALGM has traded an average of 1.52M shares per day and 1144070 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 43.76% stake in the company. Shares short for ALGM as of 1713139200 were 8652437 with a Short Ratio of 5.70, compared to 1710460800 on 8073898. Therefore, it implies a Short% of Shares Outstanding of 8652437 and a Short% of Float of 11.3800004.
