Additionally, the 36-month beta value for ALGM is 1.64. There are mixed opinions on the stock, with 9 analysts rating it as a “buy,” 2 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
The public float for ALGM is 122.26M and currently, short sellers hold a 9.22% ratio of that float. The average trading volume of ALGM on February 25, 2025 was 2.30M shares.
ALGM) stock’s latest price update
The stock of Allegro Microsystems Inc (NASDAQ: ALGM) has decreased by -6.01 when compared to last closing price of 26.61.Despite this, the company has seen a loss of -2.84% in its stock price over the last five trading days. globenewswire.com reported 2025-02-24 that MANCHESTER, N.H., Feb. 24, 2025 (GLOBE NEWSWIRE) — Allegro MicroSystems, Inc. (“Allegro”) (Nasdaq: ALGM) a global leader in power and sensing semiconductor solutions for motion control and energy-efficient systems, today announced the appointment of Mike Doogue as President and Chief Executive Officer and as a member of the Board.
ALGM’s Market Performance
Allegro Microsystems Inc (ALGM) has experienced a -2.84% fall in stock performance for the past week, with a 0.28% rise in the past month, and a 28.32% rise in the past quarter. The volatility ratio for the week is 6.09%, and the volatility levels for the past 30 days are at 5.82% for ALGM. The simple moving average for the past 20 days is 1.36% for ALGM’s stock, with a 2.11% simple moving average for the past 200 days.
Analysts’ Opinion of ALGM
Many brokerage firms have already submitted their reports for ALGM stocks, with Wells Fargo repeating the rating for ALGM by listing it as a “Overweight.” The predicted price for ALGM in the upcoming period, according to Wells Fargo is $23 based on the research report published on November 22, 2024 of the previous year 2024.
Loop Capital, on the other hand, stated in their research note that they expect to see ALGM reach a price target of $30. The rating they have provided for ALGM stocks is “Buy” according to the report published on November 12th, 2024.
Morgan Stanley gave a rating of “Equal-Weight” to ALGM, setting the target price at $21 in the report published on November 07th of the previous year.
ALGM Trading at 5.94% 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 -24.80% of loss for the given period.
Volatility was left at 5.82%, however, over the last 30 days, the volatility rate increased by 6.09%, as shares surge +2.71% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +17.09% upper at present.
During the last 5 trading sessions, ALGM fell by -2.84%, which changed the moving average for the period of 200-days by -16.88% in comparison to the 20-day moving average, which settled at $24.67. In addition, Allegro Microsystems Inc saw 14.41% 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 ALGM starting from Doogue Michael, who purchase 15,000 shares at the price of $19.00 back on Nov 18 ’24. After this action, Doogue Michael now owns 246,086 shares of Allegro Microsystems Inc, valued at $285,000 using the latest closing price.
Nargolwala Vineet A, the President and CEO of Allegro Microsystems Inc, purchase 5,000 shares at $19.89 during a trade that took place back on Nov 05 ’24, which means that Nargolwala Vineet A is holding 356,113 shares at $99,446 based on the most recent closing price.
Stock Fundamentals for ALGM
Current profitability levels for the company are sitting at:
- 0.04 for the present operating margin
- 0.47 for the gross margin
The net margin for Allegro Microsystems Inc stands at -0.08. The total capital return value is set at 0.02. Equity return is now at value -6.32, with -4.34 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 0.14. The debt to equity ratio resting at 0.43. The interest coverage ratio of the stock is 1.29.
Currently, EBITDA for the company is 276.94 million with net debt to EBITDA at 5.93. When we switch over and look at the enterprise to sales, we see a ratio of 6.3. The receivables turnover for the company is 9.22for trailing twelve months and the total asset turnover is 0.54. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.91.
Conclusion
In conclusion, Allegro Microsystems Inc (ALGM) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
