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Evaluating the Impact of -3.13 Increase on Alignment Healthcare Inc.’s (ALHC) Stock

The stock of Alignment Healthcare Inc. (ALHC) has gone down by -10.43% for the week, with a -44.42% drop in the past month and a -46.63% drop in the past quarter. The volatility ratio for the week is 7.28%, and the volatility levels for the past 30 days are 6.22% for ALHC. The simple moving average for the last 20 days is -30.33% for ALHC stock, with a simple moving average of -50.28% for the last 200 days.

Is It Worth Investing in Alignment Healthcare Inc. (NASDAQ: ALHC) Right Now?

The public float for ALHC is 172.82M and currently, short sellers hold a 2.15% of that float. On March 15, 2023, ALHC’s average trading volume was 816.10K shares.

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ALHC) stock’s latest price update

Alignment Healthcare Inc. (NASDAQ: ALHC)’s stock price has decreased by -3.13 compared to its previous closing price of 6.38. However, the company has seen a fall of -10.43% in its stock price over the last five trading days. The Wall Street Journal reported on 05/17/21 that Discovery, AT&T, Tesla, Palantir: What to Watch When the Stock Market Opens Today

Analysts’ Opinion of ALHC

The stock of Alignment Healthcare Inc. (ALHC) has gone down by -10.43% for the week, with a -44.42% drop in the past month and a -46.63% drop in the past quarter. The volatility ratio for the week is 7.28%, and the volatility levels for the past 30 days are 6.22% for ALHC. The simple moving average for the last 20 days is -30.33% for ALHC stock, with a simple moving average of -50.28% for the last 200 days.

Analysts’ Opinion of ALHC

Many brokerage firms have already submitted their reports for ALHC stocks, with JP Morgan repeating the rating for ALHC by listing it as a “Neutral.” The predicted price for ALHC in the upcoming period, according to JP Morgan is $12 based on the research report published on February 23rd of the current year 2023.

Piper Sandler gave a rating of “Overweight” to ALHC, setting the target price at $19 in the report published on September 08th of the previous year.

ALHC Trading at -41.63% 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 -67.76% of loss for the given period.

Volatility was left at 6.22%, however, over the last 30 days, the volatility rate increased by 7.28%, as shares sank -44.07% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -47.22% lower at present.

During the last 5 trading sessions, ALHC fell by -10.43%, which changed the moving average for the period of 200-days by -43.09% in comparison to the 20-day moving average, which settled at $8.63. In addition, Alignment Healthcare Inc. saw -47.45% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at ALHC starting from KONOWIECKI JOSEPH S, who purchase 100,000 shares at the price of $6.62 back on Mar 09. After this action, KONOWIECKI JOSEPH S now owns 1,018,903 shares of Alignment Healthcare Inc., valued at $661,610 using the latest closing price.

Kumar Dinesh M., the Chief Med & Operating Officer of Alignment Healthcare Inc., sale 10,000 shares at $12.19 during a trade that took place back on Feb 01, which means that Kumar Dinesh M. is holding 1,106,101 shares at $121,921 based on the most recent closing price.

Stock Fundamentals for ALHC

Equity return is now at value -54.50, with -22.00 for asset returns.

Conclusion

To wrap up, the performance of Alignment Healthcare Inc. (ALHC) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.