Alignment Healthcare Inc. (NASDAQ:ALHC) went up by 10.23% from its latest closing price compared to the recent 1-year high of $28.59. The company’s stock price has collected 10.88% of gains in the last five trading sessions. Press Release reported on 10/07/21 that Alignment Healthcare and AltaMed Health Services Partner to Improve Health Care Access for Seniors in Los Angeles and Orange Counties
Is It Worth Investing in Alignment Healthcare Inc. (NASDAQ :ALHC) Right Now?
Opinions of the stock are interesting as 4 analysts out of 8 who provided ratings for Alignment Healthcare Inc. declared the stock was a “buy,” while 2 rated the stock as “overweight,” 2 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $26.57, which is $8.25 above the current price. Today, the average trading volume of ALHC was 252.05K shares.
ALHC’s Market Performance
ALHC stocks went up by 10.88% for the week, with a monthly jump of 5.16% and a quarterly performance of -9.59%. The volatility ratio for the week stands at 5.91% while the volatility levels for the past 30 days are set at 6.25% for Alignment Healthcare Inc.. The simple moving average for the period of the last 20 days is 9.47% for ALHC stocks with a simple moving average of -12.62% for the last 200 days.
Analysts’ Opinion of ALHC
Many brokerage firms have already submitted their reports for ALHC stocks, with Cowen repeating the rating for ALHC by listing it as a “Outperform.” The predicted price for ALHC in the upcoming period, according to Cowen is $24 based on the research report published on September 10th of the current year 2021.
Barclays, on the other hand, stated in their research note that they expect to see ALHC reach a price target of $25. The rating they have provided for ALHC stocks is “Overweight” according to the report published on August 12th, 2021.
ALHC Trading at 3.37% from the 50-Day Moving Average
After a stumble in the market that brought ALHC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -34.42% of loss for the given period.
Volatility was left at 6.25%, however, over the last 30 days, the volatility rate increased by 5.91%, as shares surge +8.89% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.29% lower at present.
During the last 5 trading sessions, ALHC rose by +10.88%, in comparison to the 20-day moving average, which settled at $17.20. In addition, Alignment Healthcare Inc. saw 8.32% 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 ALHC starting from WARBURG PINCUS LLC, who sale 716,624 shares at the price of $16.83 back on Apr 06. After this action, WARBURG PINCUS LLC now owns 24,802,721 shares of Alignment Healthcare Inc., valued at $12,060,782 using the latest closing price.
WARBURG PINCUS LLC, the Director of Alignment Healthcare Inc., sale 716,624 shares at $16.83 during a trade that took place back on Apr 06, which means that WARBURG PINCUS LLC is holding 24,802,721 shares at $12,060,782 based on the most recent closing price.
Stock Fundamentals for ALHC
Current profitability levels for the company are sitting at:
- -0.55 for the present operating margin
The net margin for Alignment Healthcare Inc. stands at -2.39. The total capital return value is set at -4.08, while invested capital returns managed to touch -18.01.
Based on Alignment Healthcare Inc. (ALHC), the company’s capital structure generated 549.02 points at debt to equity in total, while total debt to capital is 84.59. Total debt to assets is 49.65, with long-term debt to equity ratio resting at 538.07. Finally, the long-term debt to capital ratio is 82.91.
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.72.