The pursuit of outperformance leads many investors to carefully choose individual stocks. Picking the right ones can be a game-changer for growing your wealth.
The price of Allegro Microsystems Inc (NASDAQ: ALGM) closed at $20.83 in the last session, down -1.98% from day before closing price of $21.25. In other words, the price has decreased by -$1.98 from its previous closing price. On the day, 1.77 million shares were traded. ALGM stock price reached its highest trading level at $21.575 during the session, while it also had its lowest trading level at $20.7.
Ratios:
We take a closer look at ALGM’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 19.25 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 57.29. 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, Wells Fargo on November 22, 2024, initiated with a Overweight rating and assigned the stock a target price of $23.
On November 12, 2024, Loop Capital started tracking the stock assigning a Buy rating and target price of $30.
On November 07, 2024, Morgan Stanley started tracking the stock assigning a Equal-Weight rating and target price of $21.Morgan Stanley initiated its Equal-Weight rating on November 07, 2024, with a $21 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 18 ’24 when Doogue Michael bought 15,000 shares for $19.00 per share. The transaction valued at 285,000 led to the insider holds 246,086 shares of the business.
Nargolwala Vineet A bought 5,000 shares of ALGM for $99,446 on Nov 05 ’24. The President and CEO now owns 356,113 shares after completing the transaction at $19.89 per share. On Aug 07 ’24, another insider, Sanken Electric Co., Ltd., who serves as the 10% Owner of the company, sold 10,017,315 shares for $23.16 each. As a result, the insider received 232,001,015 and left with 59,732,782 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 3909666048 and an Enterprise Value of 4069770752. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.51 while its Price-to-Book (P/B) ratio in mrq is 4.09. Its current Enterprise Value per Revenue stands at 4.789 whereas that against EBITDA is 28.812.
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 $18.59. The 50-Day Moving Average of the stock is -2.20%, while the 200-Day Moving Average is calculated to be -19.24%.
Shares Statistics:
According to the various share statistics, ALGM traded on average about 2.30M shares per day over the past 3-months and 2326700 shares per day over the past 10 days. A total of 183.98M shares are outstanding, with a floating share count of 122.35M. Insiders hold about 33.50% of the company’s shares, while institutions hold 77.52% stake in the company. Shares short for ALGM as of 1731628800 were 12956799 with a Short Ratio of 5.64, compared to 1728950400 on 11694257. Therefore, it implies a Short% of Shares Outstanding of 12956799 and a Short% of Float of 15.329999999999998.
