Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The closing price of Allegro Microsystems Inc. (NASDAQ: ALGM) was $23.04 for the day, up 4.35% from the previous closing price of $22.08. In other words, the price has increased by $4.35 from its previous closing price. On the day, 2.02 million shares were traded. ALGM stock price reached its highest trading level at $23.09 during the session, while it also had its lowest trading level at $22.21.
Ratios:
Our analysis of ALGM’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 23.00 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 56.19. For the most recent quarter (mrq), Quick Ratio is recorded 2.98 and its Current Ratio is at 4.65. In the meantime, Its Debt-to-Equity ratio is 0.20 whereas as Long-Term Debt/Eq ratio is at 0.20.
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, UBS on September 03, 2024, initiated with a Buy rating and assigned the stock a target price of $33.
On May 13, 2024, Jefferies started tracking the stock assigning a Buy rating and target price of $37.
TD Cowen reiterated its Buy rating for the stock on May 10, 2024, while the target price for the stock was revised from $35 to $32.
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 Aug 07 ’24 when Sanken Electric Co., Ltd. sold 10,017,315 shares for $23.16 per share. The transaction valued at 232,001,015 led to the insider holds 59,732,782 shares of the business.
Sanken Electric Co., Ltd. sold 28,750,000 shares of ALGM for $665,850,000 on Jul 29 ’24. The 10% Owner now owns 69,750,097 shares after completing the transaction at $23.16 per share. On May 30 ’24, another insider, Lury Richard R., who serves as the Director of the company, sold 8,500 shares for $30.00 each. As a result, the insider received 255,000 and left with 23,001 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 4237125376 and an Enterprise Value of 4521280000. As of this moment, Allegro’s Price-to-Earnings (P/E) ratio for their current fiscal year is 60.71, and their Forward P/E ratio for the next fiscal year is 21.24. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 6.98. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.52 while its Price-to-Book (P/B) ratio in mrq is 4.03. Its current Enterprise Value per Revenue stands at 4.82 whereas that against EBITDA is 21.578.
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 $20.42. The 50-Day Moving Average of the stock is -5.20%, while the 200-Day Moving Average is calculated to be -16.97%.
Shares Statistics:
ALGM traded an average of 2.56M shares per day over the past three months and 4169510 shares per day over the past ten days. A total of 193.16M shares are outstanding, with a floating share count of 125.59M. Insiders hold about 31.71% of the company’s shares, while institutions hold 58.66% stake in the company. Shares short for ALGM as of 1724976000 were 9203003 with a Short Ratio of 3.60, compared to 1722384000 on 8404266. Therefore, it implies a Short% of Shares Outstanding of 9203003 and a Short% of Float of 10.9.