Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
The closing price of Alignment Healthcare Inc (NASDAQ: ALHC) was $13.90 for the day, up 2.89% from the previous closing price of $13.51. In other words, the price has increased by $2.89 from its previous closing price. On the day, 2.39 million shares were traded. ALHC stock price reached its highest trading level at $13.91 during the session, while it also had its lowest trading level at $13.345.
Ratios:
Our analysis of ALHC’s different ratios will help us gain a deeper understanding of the company. In the meantime, Its Debt-to-Equity ratio is 1.92 whereas as Long-Term Debt/Eq ratio is at 1.91.
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, Stephens on December 03, 2024, Upgraded its rating to Overweight and sets its target price to $17 from $13 previously.
BofA Securities Upgraded its Neutral to Buy on May 30, 2024, whereas the target price for the stock was revised from $7.75 to $11.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jan 13 ’25 when KAO JOHN E sold 90,000 shares for $13.06 per share. The transaction valued at 1,175,494 led to the insider holds 2,273,100 shares of the business.
JEK TRUST U/A DTD 02/08/2021 bought 270,000 shares of ALHC for $3,207,600 on Jan 13 ’25. On Dec 16 ’24, another insider, Maroney Dawn Christine, who serves as the President, Markets of the company, sold 30,000 shares for $11.33 each. As a result, the insider received 340,008 and left with 1,636,097 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, ALHC now has a Market Capitalization of 2664574208 and an Enterprise Value of 2504866816. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.08 while its Price-to-Book (P/B) ratio in mrq is 23.25. Its current Enterprise Value per Revenue stands at 1.015 whereas that against EBITDA is -26.738.
Stock Price History:
The Beta on a monthly basis for ALHC is 1.41, which has changed by 0.8134228 over the last 52 weeks, in comparison to a change of 0.22212577 over the same period for the S&P500. 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 15.38%, while the 200-Day Moving Average is calculated to be 48.21%.
Shares Statistics:
ALHC traded an average of 1.80M shares per day over the past three months and 1723100 shares per day over the past ten days. A total of 191.60M shares are outstanding, with a floating share count of 92.15M. Insiders hold about 51.93% of the company’s shares, while institutions hold 42.64% stake in the company. Shares short for ALHC as of 1735603200 were 9577322 with a Short Ratio of 5.32, compared to 1732838400 on 11110055. Therefore, it implies a Short% of Shares Outstanding of 9577322 and a Short% of Float of 7.8.
