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The price of Alignment Healthcare Inc (NASDAQ: ALHC) closed at $13.46 in the last session, down -1.54% from day before closing price of $13.67. In other words, the price has decreased by -$1.54 from its previous closing price. On the day, 1.25 million shares were traded. ALHC stock price reached its highest trading level at $13.8995 during the session, while it also had its lowest trading level at $13.25.
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 1.92 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:
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 Nov 04 ’24 when Kardes Hakan sold 20,500 shares for $13.06 per share. The transaction valued at 267,699 led to the insider holds 355,444 shares of the business.
Kardes Hakan sold 4,500 shares of ALHC for $58,413 on Nov 01 ’24. The Chief Experience Officer now owns 375,944 shares after completing the transaction at $12.98 per share. On Nov 01 ’24, another insider, HAKAN KARDES, who serves as the Officer of the company, bought 25,000 shares for $12.40 each.
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 2580228096 and an Enterprise Value of 2420520448. 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 22.51. Its current Enterprise Value per Revenue stands at 0.981 whereas that against EBITDA is -25.838.
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 18.45%, while the 200-Day Moving Average is calculated to be 66.36%.
Shares Statistics:
According to the various share statistics, ALHC traded on average about 1.28M shares per day over the past 3-months and 1667010 shares per day over the past 10 days. A total of 188.95M shares are outstanding, with a floating share count of 87.18M. Insiders hold about 54.52% of the company’s shares, while institutions hold 40.95% stake in the company. Shares short for ALHC as of 1728950400 were 4422127 with a Short Ratio of 3.46, compared to 1726185600 on 4752562. Therefore, it implies a Short% of Shares Outstanding of 4422127 and a Short% of Float of 3.61.
