On Friday, Alignment Healthcare Inc (NASDAQ: ALHC) opened higher 2.68% from the last session, before settling in for the closing price of $11.58. Price fluctuations for ALHC have ranged from $4.46 to $11.61 over the past 52 weeks.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
Annual sales at Healthcare sector company grew by 24.61% over the past five years. Company’s average yearly earnings per share was noted 14.78% at the time writing. With a float of $89.14 million, this company’s outstanding shares have now reached $188.95 million.
Let’s look at the performance matrix of the company that is accounted for 1536 employees. 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 Updates
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 53.41%, while institutional ownership is 41.07%. The most recent insider transaction that took place on Sep 12 ’24, was worth 287,052. In this transaction Chief Experience Officer of this company sold 25,000 shares at a rate of $11.48, taking the stock ownership to the 380,444 shares. Before that another transaction happened on Sep 11 ’24, when Company’s Chief Legal and Admin. Officer sold 34,626 for $9.61, making the entire transaction worth $332,925. This insider now owns 365,112 shares in total.
Alignment Healthcare Inc (ALHC) Performance Highlights and Predictions
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 1.02.
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)
Alignment Healthcare Inc (NASDAQ: ALHC) saw its 5-day average volume 1.83 million, a positive change from its year-to-date volume of 0.93 million. As of the previous 9 days, the stock’s Stochastic %D was 94.22%. Additionally, its Average True Range was 0.66.
During the past 100 days, Alignment Healthcare Inc’s (ALHC) raw stochastic average was set at 93.69%, which indicates a significant increase from 87.33% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 90.81% in the past 14 days, which was higher than the 68.82% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $9.13, while its 200-day Moving Average is $7.34. Nevertheless, the first resistance level for the watch stands at $12.33 in the near term. At $12.78, the stock is likely to face the second major resistance level. The third major resistance level sits at $13.19. If the price goes on to break the first support level at $11.47, it is likely to go to the next support level at $11.06. Assuming the price breaks the second support level, the third support level stands at $10.61.
Alignment Healthcare Inc (NASDAQ: ALHC) Key Stats
There are currently 191,198K shares outstanding in the company with a market cap of 2.27 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.
