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Alignment Healthcare Inc (NASDAQ: ALHC) closed the day trading at $10.86 down -4.65% from the previous closing price of $11.39. In other words, the price has decreased by -$4.65 from its previous closing price. On the day, 0.87 million shares were traded. ALHC stock price reached its highest trading level at $11.0775 during the session, while it also had its lowest trading level at $10.64.
Ratios:
For a better understanding of ALHC, let’s look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 1.78 whereas as Long-Term Debt/Eq ratio is at 1.78.
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:
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 Oct 14 ’24 when FCO HOLDINGS LLC bought 61,000 shares for $11.45 per share.
Kim Hyong sold 22,460 shares of ALHC for $247,734 on Oct 08 ’24. The Chief Medical Officer now owns 533,070 shares after completing the transaction at $11.03 per share. On Oct 09 ’24, another insider, KAO JOHN E, who serves as the Chief Executive Officer of the company, sold 90,000 shares for $11.33 each. As a result, the insider received 1,019,538 and left with 2,543,100 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 2077517952 and an Enterprise Value of 1934823424. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.93 while its Price-to-Book (P/B) ratio in mrq is 16.79. Its current Enterprise Value per Revenue stands at 0.867 whereas that against EBITDA is -18.507.
Stock Price History:
Over the past 52 weeks, ALHC has reached a high of $12.36, while it has fallen to a 52-week low of $4.46. The 50-Day Moving Average of the stock is 7.36%, while the 200-Day Moving Average is calculated to be 41.27%.
Shares Statistics:
Over the past 3-months, ALHC traded about 1.26M shares per day on average, while over the past 10 days, ALHC traded about 1535590 shares per day. A total of 188.95M shares are outstanding, with a floating share count of 86.87M. Insiders hold about 54.59% of the company’s shares, while institutions hold 41.10% stake in the company. Shares short for ALHC as of 1727654400 were 3911333 with a Short Ratio of 3.11, compared to 1724976000 on 4481593. Therefore, it implies a Short% of Shares Outstanding of 3911333 and a Short% of Float of 3.2.
