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The price of Allegro Microsystems Inc (NASDAQ: ALGM) closed at $26.28 in the last session, down -3.60% from day before closing price of $27.26. In other words, the price has decreased by -$3.60 from its previous closing price. On the day, 1.63 million shares were traded.
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 36.91 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 220.35. For the most recent quarter (mrq), Quick Ratio is recorded 2.66 and its Current Ratio is at 4.30. In the meantime, Its Debt-to-Equity ratio is 0.37 whereas as Long-Term Debt/Eq ratio is at 0.37.
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:
For the stock, the TTM Price-to-Sale (P/S) ratio is 6.67 while its Price-to-Book (P/B) ratio in mrq is 5.18.
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 $16.38. The 50-Day Moving Average of the stock is 14.30%, while the 200-Day Moving Average is calculated to be 15.00%.
Shares Statistics:
A total of 184.12M shares are outstanding, with a floating share count of 122.25M. Insiders hold about 33.60% of the company’s shares, while institutions hold 85.90% stake in the company.
Earnings Estimates
The dynamic stock of Allegro Microsystems Inc (ALGM) is currently being evaluated by a team of 10.0 analysts, each contributing to its current rating.The consensus estimate for the next quarter is $0.11, with high estimates of $0.13 and low estimates of $0.1.
Analysts are recommending an EPS of between $0.56 and $0.39 for the fiscal current year, implying an average EPS of $0.49. EPS for the following year is $0.94, with 11.0 analysts recommending between $1.18 and $0.7.
Revenue Estimates
According to 9 analysts, the current quarter’s revenue is expected to be $197.91M. It ranges from a high estimate of $202M to a low estimate of $196.9M. As of the current estimate, Allegro Microsystems Inc’s year-ago sales were $166.92MFor the next quarter, 9 analysts are estimating revenue of $208M. There is a high estimate of $223.3M for the next quarter, whereas the lowest estimate is $202.32M.
A total of 10 analysts have provided revenue estimates for ALGM’s current fiscal year. The highest revenue estimate was $914.4M, while the lowest revenue estimate was $808.5M, resulting in an average revenue estimate of $845.2M. In the same quarter a year ago, actual revenue was $725.01MBased on 10 analysts’ estimates, the company’s revenue will be $997.79M in the next fiscal year. The high estimate is $1.08B and the low estimate is $944.9M.
