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Allegro Microsystems Inc (NASDAQ: ALGM) closed the day trading at $20.03 down -2.39% from the previous closing price of $20.52. In other words, the price has decreased by -$2.39 from its previous closing price. On the day, 1.25 million shares were traded. ALGM stock price reached its highest trading level at $20.68 during the session, while it also had its lowest trading level at $19.99.
Ratios:
For a better understanding of ALGM, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 18.51 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 55.09. For the most recent quarter (mrq), Quick Ratio is recorded 2.80 and its Current Ratio is at 4.22. In the meantime, Its Debt-to-Equity ratio is 0.45 whereas as Long-Term Debt/Eq ratio is at 0.44.
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 this company, Loop Capital on November 12, 2024, initiated with a Buy rating and assigned the stock a target price of $30.
On November 07, 2024, Morgan Stanley started tracking the stock assigning a Equal-Weight rating and target price of $21.
On September 03, 2024, UBS started tracking the stock assigning a Buy rating and target price of $33.UBS initiated its Buy rating on September 03, 2024, with a $33 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 Nov 05 ’24 when Nargolwala Vineet A bought 5,000 shares for $19.89 per share. The transaction valued at 99,446 led to the insider holds 356,113 shares of the business.
Sanken Electric Co., Ltd. sold 10,017,315 shares of ALGM for $232,001,015 on Aug 07 ’24. The 10% Owner now owns 59,732,782 shares after completing the transaction at $23.16 per share. On Jul 29 ’24, another insider, Sanken Electric Co., Ltd., who serves as the 10% Owner of the company, sold 28,750,000 shares for $23.16 each. As a result, the insider received 665,850,000 and left with 69,750,097 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, ALGM now has a Market Capitalization of 3777237760 and an Enterprise Value of 3922583552. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.34 while its Price-to-Book (P/B) ratio in mrq is 3.93. Its current Enterprise Value per Revenue stands at 4.615 whereas that against EBITDA is 27.77.
Stock Price History:
Over the past 52 weeks, ALGM has reached a high of $33.26, while it has fallen to a 52-week low of $19.71. The 50-Day Moving Average of the stock is -7.93%, while the 200-Day Moving Average is calculated to be -24.38%.
Shares Statistics:
Over the past 3-months, ALGM traded about 2.15M shares per day on average, while over the past 10 days, ALGM traded about 1948980 shares per day. A total of 193.16M shares are outstanding, with a floating share count of 122.50M. Insiders hold about 33.42% of the company’s shares, while institutions hold 62.09% stake in the company. Shares short for ALGM as of 1730332800 were 12305399 with a Short Ratio of 5.73, compared to 1727654400 on 13076080. Therefore, it implies a Short% of Shares Outstanding of 12305399 and a Short% of Float of 14.56.
