The stock price of Alignment Healthcare Inc (NASDAQ: ALHC) has jumped by 1.57 compared to previous close of 11.43. Despite this, the company has seen a fall of -7.49% in its stock price over the last five trading days. globenewswire.com reported 2024-11-25 that Agreement expansion offers Alignment members access to all Banner Health hospitals and specialists in Arizona Agreement expansion offers Alignment members access to all Banner Health hospitals and specialists in Arizona
Is It Worth Investing in Alignment Healthcare Inc (NASDAQ: ALHC) Right Now?
ALHC has 36-month beta value of 1.43. Analysts have mixed views on the stock, with 8 analysts rating it as a “buy,” 1 as “overweight,” 4 as “hold,” and 0 as “sell.”
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The public float for ALHC is 91.96M, and currently, short sellers hold a 4.10% ratio of that float. The average trading volume of ALHC on December 11, 2024 was 1.89M shares.
ALHC’s Market Performance
The stock of Alignment Healthcare Inc (ALHC) has seen a -7.49% decrease in the past week, with a -15.07% drop in the past month, and a 8.00% gain in the past quarter. The volatility ratio for the week is 4.86%, and the volatility levels for the past 30 days are at 5.48% for ALHC. The simple moving average for the last 20 days is -4.54% for ALHC’s stock, with a simple moving average of 34.17% for the last 200 days.
Analysts’ Opinion of ALHC
Many brokerage firms have already submitted their reports for ALHC stocks, with Stephens repeating the rating for ALHC by listing it as a “Overweight.” The predicted price for ALHC in the upcoming period, according to Stephens is $17 based on the research report published on December 03, 2024 of the current year 2024.
BofA Securities gave a rating of “Buy” to ALHC, setting the target price at $11 in the report published on May 30th of the current year.
ALHC Trading at -2.39% 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 -18.53% of loss for the given period.
Volatility was left at 5.48%, however, over the last 30 days, the volatility rate increased by 4.86%, as shares sank -13.74% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.78% lower at present.
During the last 5 trading sessions, ALHC fell by -7.49%, which changed the moving average for the period of 200-days by +86.96% in comparison to the 20-day moving average, which settled at $12.16. In addition, Alignment Healthcare Inc saw 34.84% 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 Burzacchi Sebastian, who sale 8,550 shares at the price of $11.26 back on Dec 10 ’24. After this action, Burzacchi Sebastian now owns 217,395 shares of Alignment Healthcare Inc, valued at $96,273 using the latest closing price.
Sebastian Burzacchi, the Officer of Alignment Healthcare Inc, proposed sale 8,550 shares at $11.26 during a trade that took place back on Dec 10 ’24, which means that Sebastian Burzacchi is holding shares at $96,273 based on the most recent closing price.
Stock Fundamentals for ALHC
Current profitability levels for the company are sitting at:
- -0.05 for the present operating margin
- 0.1 for the gross margin
The net margin for Alignment Healthcare Inc stands at -0.06. The total capital return value is set at -0.36. Equity return is now at value -95.13, with -19.71 for asset returns.
Based on Alignment Healthcare Inc (ALHC), the company’s capital structure generated 0.65 points at debt to capital in total, while cash flow to debt ratio is standing at -0.68. The debt to equity ratio resting at 1.85. The interest coverage ratio of the stock is -5.14.
Currently, EBITDA for the company is -105.3 million with net debt to EBITDA at 1.27. When we switch over and look at the enterprise to sales, we see a ratio of 0.85. The receivables turnover for the company is 17.77for trailing twelve months and the total asset turnover is 3.56. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.60.
Conclusion
To put it simply, Alignment Healthcare Inc (ALHC) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as 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.
