Allegro Microsystems Inc. (NASDAQ: ALGM) on Tuesday, soared 1.15% from the previous trading day, before settling in for the closing price of $23.55. Within the past 52 weeks, ALGM’s price has moved between $19.71 and $33.26.
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Technology Sector giant saw their annual sales surged by 9.03% over the last five years. The company achieved an average annual earnings per share of -71.58%. With a float of $122.45 million, this company’s outstanding shares have now reached $193.16 million.
The firm has a total of 4593 workers. Let’s measure their productivity. 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) Breakdown of a Key Holders of the stock
Observing investor behavior towards Semiconductors industry stocks is more important than anything else. The insider ownership of Allegro Microsystems Inc. is 33.42%, while institutional ownership is 56.91%. 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) Recent Fiscal highlights
According to the Wall Street analysts, stocks earnings will be around -71.58% 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 4.67. Likewise, its price to free cash flow for the trailing twelve months is 58.09.
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 1.03 in one year’s time.
Technical Analysis of Allegro Microsystems Inc. (ALGM)
Analysing the last 5-days average volume posted by the [Allegro Microsystems Inc., ALGM], we can find that recorded value of 2.1 million was better than the volume posted last year of 1.93 million. As of the previous 9 days, the stock’s Stochastic %D was 95.33%. Additionally, its Average True Range was 0.94.
During the past 100 days, Allegro Microsystems Inc.’s (ALGM) raw stochastic average was set at 30.33%, which indicates a significant decrease from 92.88% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 45.66% in the past 14 days, which was lower than the 54.66% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $22.46, while its 200-day Moving Average is $26.83. Now, the first resistance to watch is $24.18. This is followed by the second major resistance level at $24.53. The third major resistance level sits at $24.93. If the price goes on to break the first support level at $23.42, it is likely to go to the next support level at $23.02. Now, if the price goes above the second support level, the third support stands at $22.67.
Allegro Microsystems Inc. (NASDAQ: ALGM) Key Stats
Market capitalization of the company is 4.38 billion based on 193,920K 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.
