Allegro Microsystems Inc. (NASDAQ: ALGM) on Monday, soared 1.71% from the previous trading day, before settling in for the closing price of $21.09. Within the past 52 weeks, ALGM’s price has moved between $20.42 and $33.26.
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Annual sales at Technology sector company grew by 9.03% over the past five years. The company achieved an average annual earnings per share of -70.22%. With a float of $125.59 million, this company’s outstanding shares have now reached $193.16 million.
Let’s look at the performance matrix of the company that is accounted for 4593 employees. In terms of profitability, gross margin is 52.39%, operating margin of 14.68%, and the pretax margin is 11.74%.
Allegro Microsystems Inc. (ALGM) Insider Updates
Observing investor behavior towards Semiconductors industry stocks is more important than anything else. The insider ownership of Allegro Microsystems Inc. is 31.71%, while institutional ownership is 58.60%. The most recent insider transaction that took place on Aug 07 ’24, was worth 232,001,015. In this transaction 10% Owner of this company sold 10,017,315 shares at a rate of $23.16, taking the stock ownership to the 59,732,782 shares. Before that another transaction happened on Jul 29 ’24, when Company’s 10% Owner sold 28,750,000 for $23.16, making the entire transaction worth $665,850,000. This insider now owns 69,750,097 shares in total.
Allegro Microsystems Inc. (ALGM) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around -70.22% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 8.70% during the next five years compared to 11.89% growth over the previous five years of trading.
Allegro Microsystems Inc. (NASDAQ: ALGM) Trading Performance Indicators
Allegro Microsystems Inc. (ALGM) is currently performing well based on its current performance indicators. A quick ratio of 2.98 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.21. Likewise, its price to free cash flow for the trailing twelve months is 52.31.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.38, a number that is poised to hit 0.06 in the next quarter and is forecasted to reach 1.08 in one year’s time.
Technical Analysis of Allegro Microsystems Inc. (ALGM)
Allegro Microsystems Inc. (NASDAQ: ALGM) saw its 5-day average volume 2.2 million, a positive change from its year-to-date volume of 1.95 million. As of the previous 9 days, the stock’s Stochastic %D was 7.41%. Additionally, its Average True Range was 1.06.
During the past 100 days, Allegro Microsystems Inc.’s (ALGM) raw stochastic average was set at 8.02%, which indicates a significant decrease from 14.49% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 51.57% in the past 14 days, which was lower than the 54.16% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $23.14, while its 200-day Moving Average is $27.48. Nevertheless, the first resistance level for the watch stands at $21.77 in the near term. At $22.10, the stock is likely to face the second major resistance level. The third major resistance level sits at $22.47. If the price goes on to break the first support level at $21.08, it is likely to go to the next support level at $20.71. Assuming the price breaks the second support level, the third support level stands at $20.39.
Allegro Microsystems Inc. (NASDAQ: ALGM) Key Stats
Market capitalization of the company is 3.94 billion based on 193,784K outstanding shares. Right now, sales total 1,049 M and income totals 152,700 K. The company made 166,920 K in profit during its latest quarter, and -17,680 K in sales during its previous quarter.
