On Friday, Alignment Healthcare Inc (NASDAQ: ALHC) opened higher 3.76% from the last session, before settling in for the closing price of $10.64. Price fluctuations for ALHC have ranged from $4.46 to $12.36 over the past 52 weeks.
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Healthcare Sector giant saw their annual sales surged by 24.61% over the last five years. Company’s average yearly earnings per share was noted 14.78% at the time writing. With a float of $86.93 million, this company’s outstanding shares have now reached $188.95 million.
The firm has a total of 1536 workers. Let’s measure their productivity. 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 54.56%, while institutional ownership is 41.06%. The most recent insider transaction that took place on Oct 15 ’24, was worth 323,082. In this transaction President, Markets of this company sold 30,000 shares at a rate of $10.77, taking the stock ownership to the 1,726,097 shares. Before that another transaction happened on Oct 14 ’24, when Company’s Chief Financial Officer sold 30,500 for $11.50, making the entire transaction worth $350,872. This insider now owns 164,109 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 0.95.
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)
Analysing the last 5-days average volume posted by the [Alignment Healthcare Inc, ALHC], we can find that recorded value of 0.88 million was lower than the volume posted last year of 1.01 million. As of the previous 9 days, the stock’s Stochastic %D was 37.06%. Additionally, its Average True Range was 0.75.
During the past 100 days, Alignment Healthcare Inc’s (ALHC) raw stochastic average was set at 75.14%, which indicates a significant increase from 43.46% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 66.03% in the past 14 days, which was lower than the 68.35% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $10.49, while its 200-day Moving Average is $7.79. Now, the first resistance to watch is $11.32. This is followed by the second major resistance level at $11.59. The third major resistance level sits at $11.89. If the price goes on to break the first support level at $10.75, it is likely to go to the next support level at $10.45. Should the price break the second support level, the third support level stands at $10.18.
Alignment Healthcare Inc (NASDAQ: ALHC) Key Stats
There are currently 191,198K shares outstanding in the company with a market cap of 2.11 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.
