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As of close of business last night, Alignment Healthcare Inc’s stock clocked out at $11.68, up 1.48% from its previous closing price of $11.51. In other words, the price has increased by $1.48 from its previous closing price. On the day, 1.41 million shares were traded. ALHC stock price reached its highest trading level at $12.13 during the session, while it also had its lowest trading level at $11.52.
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 17 ’24 when Joseph Konowiecki bought 15,690 shares for $11.89 per share.
DAWN MARONEY bought 90,000 shares of ALHC for $1,070,100 on Sep 16 ’24. On Sep 16 ’24, another insider, JEK TRUST U/A DTD 02/08/2021, who serves as the Director of the company, bought 360,000 shares for $11.89 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 2234384128 and an Enterprise Value of 2091689344. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.00 while its Price-to-Book (P/B) ratio in mrq is 18.06. Its current Enterprise Value per Revenue stands at 0.937 whereas that against EBITDA is -20.007.
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 27.00%, while the 200-Day Moving Average is calculated to be 58.63%.
Shares Statistics:
It appears that ALHC traded 963.74K shares on average per day over the past three months and 1341270 shares per day over the past ten days. A total of 188.95M shares are outstanding, with a floating share count of 89.14M. Insiders hold about 53.41% of the company’s shares, while institutions hold 41.06% stake in the company. Shares short for ALHC as of 1724976000 were 4481593 with a Short Ratio of 4.65, compared to 1722384000 on 4516753. Therefore, it implies a Short% of Shares Outstanding of 4481593 and a Short% of Float of 3.66.
