Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
The price of Allegro Microsystems Inc (NASDAQ: ALGM) closed at $27.95 in the last session, down -0.20% from day before closing price of $28.00. In other words, the price has decreased by -$0.20 from its previous closing price. On the day, 1.41 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 39.42 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 235.34. 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 0.40 whereas as Long-Term Debt/Eq ratio is at 0.39.
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 Jun 04 ’25 when Richard Lury bought 6,849 shares for $27.25 per share.
Doogue Michael bought 15,000 shares of ALGM for $285,000 on Nov 18 ’24. The SVP, CTO now owns 246,086 shares after completing the transaction at $19.00 per share. On Nov 05 ’24, another insider, Nargolwala Vineet A, who serves as the President and CEO of the company, bought 5,000 shares for $19.89 each. As a result, the insider paid 99,446 and bolstered with 356,113 shares of the company.
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 21.98%, while the 200-Day Moving Average is calculated to be 21.39%.
Shares Statistics:
A total of 184.29M shares are outstanding, with a floating share count of 122.50M. Insiders hold about 33.75% of the company’s shares, while institutions hold 85.50% stake in the company.
