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As of close of business last night, Alignment Healthcare Inc’s stock clocked out at $10.98, down -3.94% from its previous closing price of $11.43. In other words, the price has decreased by -$3.94 from its previous closing price. On the day, 1.68 million shares were traded. ALHC stock price reached its highest trading level at $11.48 during the session, while it also had its lowest trading level at $10.96.
Ratios:
To gain a deeper understanding of ALHC’s stock, we examine 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.
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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Sep 20 ’24 when Warburg Pincus LLC bought 4,300,000 shares for $11.39 per share.
Maroney Dawn Christine sold 30,000 shares of ALHC for $351,027 on Sep 16 ’24. The President, Markets now owns 1,756,097 shares after completing the transaction at $11.70 per share. On Sep 17 ’24, another insider, KONOWIECKI JOSEPH S, who serves as the Director of the company, sold 16,413 shares for $11.77 each. As a result, the insider received 193,181 and left with 1,141,808 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 2100473856 and an Enterprise Value of 1957779456. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.94 while its Price-to-Book (P/B) ratio in mrq is 16.97. Its current Enterprise Value per Revenue stands at 0.877 whereas that against EBITDA is -18.726.
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 15.97%, while the 200-Day Moving Average is calculated to be 47.52%.
Shares Statistics:
It appears that ALHC traded 1.03M shares on average per day over the past three months and 1770680 shares per day over the past ten days. A total of 188.95M shares are outstanding, with a floating share count of 87.23M. Insiders hold about 54.40% of the company’s shares, while institutions hold 41.07% stake in the company. Shares short for ALHC as of 1724976000 were 4481593 with a Short Ratio of 4.35, compared to 1722384000 on 4516753. Therefore, it implies a Short% of Shares Outstanding of 4481593 and a Short% of Float of 3.66.
