On Tuesday, Alignment Healthcare Inc (NASDAQ: ALHC) opened lower -4.36% from the last session, before settling in for the closing price of $9.41. Price fluctuations for ALHC have ranged from $4.46 to $10.16 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Healthcare sector was 24.61%. Company’s average yearly earnings per share was noted 14.78% at the time writing. With a float of $89.07 million, this company’s outstanding shares have now reached $188.95 million.
Considering the fact that the conglomerate employs 1536 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 10.65%, operating margin of -5.88%, and the pretax margin is -6.85%.
Alignment Healthcare Inc (ALHC) Insider Activity
A key investor’s attitude towards the stock of the Healthcare Plans industry is another important factor to consider. The insider ownership of Alignment Healthcare Inc is 53.44%, while institutional ownership is 41.07%. The most recent insider transaction that took place on Sep 05 ’24, was worth 45,422. In this transaction Chief Legal and Admin. Officer of this company sold 4,541 shares at a rate of $10.00, taking the stock ownership to the 399,738 shares. Before that another transaction happened on Sep 04 ’24, when Company’s Chief Legal and Admin. Officer sold 1,300 for $10.00, making the entire transaction worth $13,000. This insider now owns 404,279 shares in total.
Alignment Healthcare Inc (ALHC) Earnings and Forecasts
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted -0.19 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at -0.18) by -0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.16 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 14.78% per share during the next fiscal year.
Alignment Healthcare Inc (NASDAQ: ALHC) Trading Performance Indicators
Check out the current performance indicators for Alignment Healthcare Inc (ALHC). In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.77.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.81, a number that is poised to hit -0.14 in the next quarter and is forecasted to reach -0.50 in one year’s time.
Technical Analysis of Alignment Healthcare Inc (ALHC)
Compared to the last year’s volume of 0.9 million, its volume of 0.8 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 44.99%. Additionally, its Average True Range was 0.52.
During the past 100 days, Alignment Healthcare Inc’s (ALHC) raw stochastic average was set at 77.95%, which indicates a significant increase from 41.30% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 53.07% in the past 14 days, which was lower than the 62.86% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $8.92, while its 200-day Moving Average is $7.28. Nevertheless, the first resistance level for the watch stands at $9.26 in the near term. At $9.52, the stock is likely to face the second major resistance level. The third major resistance level sits at $9.67. If the price goes on to break the first support level at $8.86, it is likely to go to the next support level at $8.71. Should the price break the second support level, the third support level stands at $8.45.
Alignment Healthcare Inc (NASDAQ: ALHC) Key Stats
There are currently 191,198K shares outstanding in the company with a market cap of 1.72 billion. Presently, the company’s annual sales total 1,824 M according to its annual income of -148,020 K. Last quarter, the company’s sales amounted to 681,290 K and its income totaled -24,010 K.
