Allegro Microsystems Inc. (NASDAQ: ALGM) started the day on Thursday, with a price increase of 3.70% at $21.58, before settling in for the price of $20.81 at the close. Taking a more long-term approach, ALGM posted a 52-week range of $19.71-$33.26.
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In the past 5-years timespan, the Technology sector firm’s annual sales growth was 9.03%. Meanwhile, its Annual Earning per share during the time was 11.89%. Nevertheless, stock’s Earnings Per Share (EPS) this year is -71.58%. This publicly-traded company’s shares outstanding now amounts to $193.16 million, simultaneously with a float of $122.45 million. The organization now has a market capitalization sitting at $3.97 billion. At the time of writing, stock’s 50-day Moving Average stood at $22.56, while the 200-day Moving Average is $26.87.
Allegro Microsystems Inc. (ALGM) Ownership Facts and Figures
Now let’s turn our focus to how large-scale investors are working with this stock of the Semiconductors Industry. Allegro Microsystems Inc.’s current insider ownership accounts for 33.42%, in contrast to 57.15% institutional ownership. According to the most recent insider trade that took place on Aug 07 ’24, this organization’s 10% Owner sold 10,017,315 shares at the rate of 23.16, making the entire transaction reach 232,001,015 in total value, affecting insider ownership by 59,732,782. Preceding that transaction, on Jul 29 ’24, Company’s 10% Owner sold 28,750,000 for 23.16, making the whole transaction’s value amount to 665,850,000. This particular insider is now the holder of 69,750,097 in total.
Allegro Microsystems Inc. (ALGM) Earnings and Revenue Records
Allegro Microsystems Inc.’s EPS decrease for this current 12-month fiscal period is -71.58% and is forecasted to reach 1.03 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 8.70% through the next 5 years, which can be compared against the 11.89% growth it accomplished over the previous five years trading on the market.
Allegro Microsystems Inc. (NASDAQ: ALGM) Trading Performance Indicators
Let’s observe the current performance indicators for Allegro Microsystems Inc. (ALGM). It’s Quick Ratio in the last reported quarter now stands at 2.98. The Stock has managed to achieve an average true range (ATR) of 0.91. Alongside those numbers, its PE Ratio stands at $56.86, and its Beta score is 1.68. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 4.23. Similarly, its price to free cash flow for trailing twelve months is now 52.63.
In the same vein, ALGM’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 0.38, a figure that is expected to reach 0.06 in the next quarter, and analysts are predicting that it will be 1.03 at the market close of one year from today.
Technical Analysis of Allegro Microsystems Inc. (ALGM)
If we take a close look at the recent performances of Allegro Microsystems Inc. (NASDAQ: ALGM), its last 5-days Average volume was 1.59 million that shows plunge from its year to date volume of 1.92 million. During the previous 9 days, stock’s Stochastic %D was recorded 55.42% While, its Average True Range was 0.86.
Raw Stochastic average of Allegro Microsystems Inc. (ALGM) in the period of the previous 100 days is set at 13.80%, which indicates a major fall in contrast to 90.12% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 39.65% that was lower than 53.51% volatility it exhibited in the past 100-days period.
