Company’s 36-month beta value is 1.66.Analysts have differing opinions on the stock, with 6 analysts rating it as a “buy,” 2 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for ALGM is 122.50M, and currently, short sellers hold a 10.05% ratio of that floaft. The average trading volume of ALGM on November 14, 2024 was 2.15M shares.
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ALGM) stock’s latest price update
The stock of Allegro Microsystems Inc (NASDAQ: ALGM) has decreased by -2.39 when compared to last closing price of 20.52. Despite this, the company has experienced a -9.00% fall in its stock price over the last five trading sessions. globenewswire.com reported 2024-11-12 that New Solutions Enhance Accuracy, Efficiency, and Reliability While Reducing Power Consumption by up to 50% Compared to Existing Switches and Latches New Solutions Enhance Accuracy, Efficiency, and Reliability While Reducing Power Consumption by up to 50% Compared to Existing Switches and Latches
ALGM’s Market Performance
Allegro Microsystems Inc (ALGM) has seen a -9.00% fall in stock performance for the week, with a -2.10% decline in the past month and a -20.26% plunge in the past quarter. The volatility ratio for the week is 3.48%, and the volatility levels for the past 30 days are at 4.44% for ALGM. The simple moving average for the past 20 days is -6.11% for ALGM’s stock, with a -24.38% simple moving average for the past 200 days.
Analysts’ Opinion of ALGM
Many brokerage firms have already submitted their reports for ALGM stocks, with Loop Capital repeating the rating for ALGM by listing it as a “Buy.” The predicted price for ALGM in the upcoming period, according to Loop Capital is $30 based on the research report published on November 12, 2024 of the current year 2024.
Morgan Stanley, on the other hand, stated in their research note that they expect to see ALGM reach a price target of $21. The rating they have provided for ALGM stocks is “Equal-Weight” according to the report published on November 07th, 2024.
UBS gave a rating of “Buy” to ALGM, setting the target price at $33 in the report published on September 03rd of the current year.
ALGM Trading at -7.93% 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 -39.78% of loss for the given period.
Volatility was left at 4.44%, however, over the last 30 days, the volatility rate increased by 3.48%, as shares sank -2.34% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.65% lower at present.
During the last 5 trading sessions, ALGM fell by -9.00%, which changed the moving average for the period of 200-days by -24.59% in comparison to the 20-day moving average, which settled at $21.33. In addition, Allegro Microsystems Inc saw -33.83% 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 ALGM starting from Nargolwala Vineet A, who purchase 5,000 shares at the price of $19.89 back on Nov 05 ’24. After this action, Nargolwala Vineet A now owns 356,113 shares of Allegro Microsystems Inc, valued at $99,446 using the latest closing price.
Sanken Electric Co., Ltd., the 10% Owner of Allegro Microsystems Inc, sale 10,017,315 shares at $23.16 during a trade that took place back on Aug 07 ’24, which means that Sanken Electric Co., Ltd. is holding 59,732,782 shares at $232,001,015 based on the most recent closing price.
Stock Fundamentals for ALGM
Current profitability levels for the company are sitting at:
- 0.08 for the present operating margin
- 0.49 for the gross margin
The net margin for Allegro Microsystems Inc stands at -0.03. The total capital return value is set at 0.05. Equity return is now at value -2.47, with -1.81 for asset returns.
Based on Allegro Microsystems Inc (ALGM), the company’s capital structure generated 0.3 points at debt to capital in total, while cash flow to debt ratio is standing at 0.34. The debt to equity ratio resting at 0.43. The interest coverage ratio of the stock is 3.29.
Currently, EBITDA for the company is 276.94 million with net debt to EBITDA at 2.68. When we switch over and look at the enterprise to sales, we see a ratio of 4.61. The receivables turnover for the company is 11.04for trailing twelve months and the total asset turnover is 0.57. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.22.
Conclusion
In a nutshell, Allegro Microsystems Inc (ALGM) has experienced a bad performance in recent times. The stock has received mixed “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.
