In the past week, ALHC stock has gone down by -6.86%, with a monthly gain of 8.56% and a quarterly surge of 68.01%. The volatility ratio for the week is 6.24%, and the volatility levels for the last 30 days are 5.15% for Alignment Healthcare Inc The simple moving average for the past 20 days is -2.94% for ALHC’s stock, with a 24.42% simple moving average for the past 200 days.
Is It Worth Investing in Alignment Healthcare Inc (NASDAQ: ALHC) Right Now?
The 36-month beta value for ALHC is at 1.41. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 6 rating it as “overweight,” 3 as “hold,” and 1 as “sell.”
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The public float for ALHC is 89.02M, and currently, shorts hold a 4.86% of that float. The average trading volume for ALHC on July 31, 2024 was 1.04M shares.
ALHC) stock’s latest price update
The stock price of Alignment Healthcare Inc (NASDAQ: ALHC) has plunged by -1.23 when compared to previous closing price of 8.76, but the company has seen a -6.86% decline in its stock price over the last five trading sessions. globenewswire.com reported 2024-07-30 that New data details Medicare Advantage company’s ongoing commitment to environmental, social and governance priorities New data details Medicare Advantage company’s ongoing commitment to environmental, social and governance priorities
Analysts’ Opinion of ALHC
Many brokerage firms have already submitted their reports for ALHC stocks, with BofA Securities repeating the rating for ALHC by listing it as a “Buy.” The predicted price for ALHC in the upcoming period, according to BofA Securities is $11 based on the research report published on May 30, 2024 of the current year 2024.
Robert W. Baird, on the other hand, stated in their research note that they expect to see ALHC reach a price target of $10. The rating they have provided for ALHC stocks is “Outperform” according to the report published on May 30th, 2024.
Piper Sandler gave a rating of “Overweight” to ALHC, setting the target price at $8 in the report published on May 08th of the current year.
ALHC Trading at 5.53% 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 -14.84% of loss for the given period.
Volatility was left at 5.15%, however, over the last 30 days, the volatility rate increased by 6.24%, as shares surge +8.63% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +17.91% upper at present.
During the last 5 trading sessions, ALHC fell by -7.86%, which changed the moving average for the period of 200-days by +36.96% in comparison to the 20-day moving average, which settled at $8.95. In addition, Alignment Healthcare Inc saw 0.49% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ALHC starting from Freeman Robert Thomas, who sale 38,858 shares at the price of $10.01 back on Jul 19 ’24. After this action, Freeman Robert Thomas now owns 414,429 shares of Alignment Healthcare Inc, valued at $388,790 using the latest closing price.
Maroney Dawn Christine, the President, Markets of Alignment Healthcare Inc, sale 36,700 shares at $10.01 during a trade that took place back on Jul 19 ’24, which means that Maroney Dawn Christine is holding 1,816,097 shares at $367,209 based on the most recent closing price.
Stock Fundamentals for ALHC
Current profitability levels for the company are sitting at:
- -0.07 for the present operating margin
- 0.11 for the gross margin
The net margin for Alignment Healthcare Inc stands at -0.08. The total capital return value is set at -0.45. Equity return is now at value -88.91, with -22.55 for asset returns.
Based on Alignment Healthcare Inc (ALHC), the company’s capital structure generated 0.55 points at debt to capital in total, while cash flow to debt ratio is standing at -0.93. The debt to equity ratio resting at 1.24. The interest coverage ratio of the stock is -6.31.
Currently, EBITDA for the company is -105.3 million with net debt to EBITDA at 0.62. When we switch over and look at the enterprise to sales, we see a ratio of 0.79. The receivables turnover for the company is 12.2for trailing twelve months and the total asset turnover is 3.18. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.57.
Conclusion
In conclusion, Alignment Healthcare Inc (ALHC) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. 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.
