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The price of Alignment Healthcare Inc (NASDAQ: ALHC) closed at $10.00 in the last session, up 1.32% from day before closing price of $9.87. In other words, the price has increased by $1.32 from its previous closing price. On the day, 2.12 million shares were traded. ALHC stock price reached its highest trading level at $10.03 during the session, while it also had its lowest trading level at $9.44.
Ratios:
We take a closer look at ALHC’s different ratios to gain a better understanding of the stock. In the meantime, Its Debt-to-Equity ratio is 1.30 whereas as Long-Term Debt/Eq ratio is at 1.30.
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 the company, BofA Securities on May 30, 2024, Upgraded its rating to Buy and sets its target price to $11 from $7.75 previously.
On May 30, 2024, Robert W. Baird started tracking the stock assigning a Outperform rating and target price of $10.
Piper Sandler Upgraded its Neutral to Overweight on May 08, 2024, whereas the target price for the stock was revised from $6 to $8.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Jul 15 ’24 when Maroney Dawn Christine sold 39,700 shares for $9.04 per share. The transaction valued at 358,690 led to the insider holds 1,916,097 shares of the business.
KONOWIECKI JOSEPH S sold 22,400 shares of ALHC for $203,036 on Jul 15 ’24. The Chairman of the Board now owns 1,233,221 shares after completing the transaction at $9.06 per share. On Jul 15 ’24, another insider, JOYCE CHRISTOPHER J, who serves as the Chief Legal and Admin. Officer of the company, sold 15,034 shares for $9.05 each. As a result, the insider received 136,032 and left with 406,912 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 1911980032 and an Enterprise Value of 1781827712. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.95 while its Price-to-Book (P/B) ratio in mrq is 14.60. Its current Enterprise Value per Revenue stands at 0.885 whereas that against EBITDA is -15.981.
Stock Price History:
Over the past 52 weeks, ALHC has reached a high of $10.00, while it has fallen to a 52-week low of $4.46. The 50-Day Moving Average of the stock is 30.11%, while the 200-Day Moving Average is calculated to be 46.17%.
Shares Statistics:
According to the various share statistics, ALHC traded on average about 944.39K shares per day over the past 3-months and 1060120 shares per day over the past 10 days. A total of 188.95M shares are outstanding, with a floating share count of 89.48M. Insiders hold about 53.20% of the company’s shares, while institutions hold 40.43% stake in the company. Shares short for ALHC as of 1719532800 were 3367428 with a Short Ratio of 3.57, compared to 1717113600 on 5818276. Therefore, it implies a Short% of Shares Outstanding of 3367428 and a Short% of Float of 2.75.
