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The closing price of Alignment Healthcare Inc (NASDAQ: ALHC) was $12.83 for the day, up 4.56% from the previous closing price of $12.27. In other words, the price has increased by $4.56 from its previous closing price. On the day, 0.79 million shares were traded. ALHC stock price reached its highest trading level at $12.96 during the session, while it also had its lowest trading level at $12.25.
Ratios:
Our analysis of ALHC’s different ratios will help us gain a deeper understanding of the company. In the meantime, Its Debt-to-Equity ratio is 1.92 whereas as Long-Term Debt/Eq ratio is at 1.91.
On May 30, 2024, BofA Securities Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $7.75 to $11.
On May 30, 2024, Robert W. Baird started tracking the stock assigning a Outperform rating and target price of $10.Robert W. Baird initiated its Outperform rating on May 30, 2024, with a $10 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 27 ’24 when HAKAN KARDES bought 35,000 shares for $12.80 per share.
Maroney Dawn Christine sold 30,000 shares of ALHC for $340,560 on Nov 15 ’24. The President, Markets now owns 1,696,097 shares after completing the transaction at $11.35 per share. On Nov 11 ’24, another insider, KONOWIECKI JOSEPH S, who serves as the Director of the company, sold 6,920 shares for $13.73 each. As a result, the insider received 95,012 and left with 1,134,888 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, ALHC now has a Market Capitalization of 2459459584 and an Enterprise Value of 2299751936. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.04 while its Price-to-Book (P/B) ratio in mrq is 21.46. Its current Enterprise Value per Revenue stands at 0.932 whereas that against EBITDA is -24.549.
Stock Price History:
Over the past 52 weeks, ALHC has reached a high of $14.25, while it has fallen to a 52-week low of $4.46. The 50-Day Moving Average of the stock is 9.08%, while the 200-Day Moving Average is calculated to be 52.28%.
Shares Statistics:
ALHC traded an average of 1.73M shares per day over the past three months and 3414540 shares per day over the past ten days. A total of 188.95M shares are outstanding, with a floating share count of 91.90M. Insiders hold about 52.06% of the company’s shares, while institutions hold 42.61% stake in the company. Shares short for ALHC as of 1731628800 were 3767974 with a Short Ratio of 2.17, compared to 1728950400 on 4422127. Therefore, it implies a Short% of Shares Outstanding of 3767974 and a Short% of Float of 3.0700000000000003.
