Allegro MicroSystems Inc. (NASDAQ:ALGM) went up by 8.37% from its latest closing price compared to the recent 1-year high of $34.66. The company’s stock price has collected 7.21% of gains in the last five trading sessions.
Is It Worth Investing in Allegro MicroSystems Inc. (NASDAQ :ALGM) Right Now?
Allegro MicroSystems Inc. (NASDAQ:ALGM) scored a price-to-earnings ratio above its average ratio, recording 155.56 x from its present earnings ratio. Opinions of the stock are interesting as 7 analysts out of 8 who provided ratings for Allegro MicroSystems Inc. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 0 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $35.71, which is $2.42 above the current price. ALGM currently public float of 84.95M and currently shorts hold a 1.99% ratio of that float. Today, the average trading volume of ALGM was 481.45K shares.
ALGM’s Market Performance
ALGM stocks went up by 7.21% for the week, with a monthly jump of 14.16% and a quarterly performance of 19.49%. The volatility ratio for the week stands at 4.12% while the volatility levels for the past 30 days are set at 3.38% for Allegro MicroSystems Inc.. The simple moving average for the period of the last 20 days is 12.39% for ALGM stocks with a simple moving average of 21.65% for the last 200 days.
Analysts’ Opinion of ALGM
Needham, on the other hand, stated in their research note that they expect to see ALGM reach a price target of $27. The rating they have provided for ALGM stocks is “Buy” according to the report published on November 23rd, 2020.
Mizuho gave a rating of “Buy” to ALGM, setting the target price at $28 in the report published on November 23rd of the previous year.
ALGM Trading at 18.05% from the 50-Day Moving Average
After a stumble in the market that brought ALGM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -3.95% of loss for the given period.
Volatility was left at 3.38%, however, over the last 30 days, the volatility rate increased by 4.12%, as shares surge +12.50% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +21.63% upper at present.
During the last 5 trading sessions, ALGM rose by +7.21%, which changed the moving average for the period of 200-days by +40.88% in comparison to the 20-day moving average, which settled at $29.81. In addition, Allegro MicroSystems Inc. saw 24.87% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at ALGM starting from Doogue Michael, who sale 53,478 shares at the price of $31.23 back on Sep 03. After this action, Doogue Michael now owns 371,002 shares of Allegro MicroSystems Inc., valued at $1,670,118 using the latest closing price.
Vig Ravi, the President and CEO of Allegro MicroSystems Inc., sale 44,556 shares at $30.45 during a trade that took place back on Sep 02, which means that Vig Ravi is holding 353,090 shares at $1,356,879 based on the most recent closing price.
Stock Fundamentals for ALGM
Current profitability levels for the company are sitting at:
- +7.79 for the present operating margin
- +49.04 for the gross margin
The net margin for Allegro MicroSystems Inc. stands at +3.04. The total capital return value is set at 6.92, while invested capital returns managed to touch 2.85. Equity return is now at value 6.80, with 5.40 for asset returns.
Based on Allegro MicroSystems Inc. (ALGM), the company’s capital structure generated 4.27 points at debt to equity in total, while total debt to capital is 4.09. Total debt to assets is 3.32, with long-term debt to equity ratio resting at 4.27. Finally, the long-term debt to capital ratio is 4.09.
When we switch over and look at the enterprise to sales, we see a ratio of 7.80, with the company’s debt to enterprise value settled at 0.01. The receivables turnover for the company is 6.32 and the total asset turnover is 0.75. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.69.