Allegro Microsystems Inc (NASDAQ: ALGM) on Monday, plunged -4.00% from the previous trading day, before settling in for the closing price of $21.73. Within the past 52 weeks, ALGM’s price has moved between $19.71 and $33.26.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 9.03%. The company achieved an average annual earnings per share of -81.26%. With a float of $122.50 million, this company’s outstanding shares have now reached $193.16 million.
Considering the fact that the conglomerate employs 4593 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 49.13%, operating margin of 8.1%, and the pretax margin is -0.71%.
Allegro Microsystems Inc (ALGM) Insider Activity
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 61.39%. The most recent insider transaction that took place on Nov 05 ’24, was worth 99,446. In this transaction President and CEO of this company bought 5,000 shares at a rate of $19.89, taking the stock ownership to the 356,113 shares. Before that another transaction happened on Aug 07 ’24, when Company’s 10% Owner sold 10,017,315 for $23.16, making the entire transaction worth $232,001,015. This insider now owns 59,732,782 shares in total.
Allegro Microsystems Inc (ALGM) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around -81.26% 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 2.80 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 4.43. Likewise, its price to free cash flow for the trailing twelve months is 56.26.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.13, a number that is poised to hit 0.06 in the next quarter and is forecasted to reach 0.61 in one year’s time.
Technical Analysis of Allegro Microsystems Inc (ALGM)
Compared to the last year’s volume of 1.93 million, its volume of 1.44 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 43.50%. Additionally, its Average True Range was 1.06.
During the past 100 days, Allegro Microsystems Inc’s (ALGM) raw stochastic average was set at 8.49%, which indicates a significant decrease from 25.99% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 66.07% in the past 14 days, which was higher than the 57.50% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $21.86, while its 200-day Moving Average is $26.56. Nevertheless, the first resistance level for the watch stands at $21.45 in the near term. At $22.03, the stock is likely to face the second major resistance level. The third major resistance level sits at $22.45. If the price goes on to break the first support level at $20.44, it is likely to go to the next support level at $20.02. Should the price break the second support level, the third support level stands at $19.43.
Allegro Microsystems Inc (NASDAQ: ALGM) Key Stats
Market capitalization of the company is 3.76 billion based on 183,984K outstanding shares. Right now, sales total 1,049 M and income totals 152,700 K. The company made 187,390 K in profit during its latest quarter, and -33,680 K in sales during its previous quarter.
