On Monday, Allegro Microsystems Inc (NASDAQ: ALGM) opened higher 3.64% from the last session, before settling in for the closing price of $21.73. Price fluctuations for ALGM have ranged from $18.59 to $33.26 over the past 52 weeks.
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During the last 5-year period, the sales growth of Technology Sector giant was 9.03%. Company’s average yearly earnings per share was noted -81.03% at the time writing. With a float of $122.35 million, this company’s outstanding shares have now reached $183.98 million.
Let’s determine the extent of company efficiency that accounts for 4593 employees. 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
A key investor’s attitude towards the stock of the Semiconductors industry is another important factor to consider. The insider ownership of Allegro Microsystems Inc is 33.50%, while institutional ownership is 77.49%. The most recent insider transaction that took place on Nov 18 ’24, was worth 285,000. In this transaction SVP, CTO of this company bought 15,000 shares at a rate of $19.00, taking the stock ownership to the 246,086 shares. Before that another transaction happened on Nov 05 ’24, when Company’s President and CEO bought 5,000 for $19.89, making the entire transaction worth $99,446. This insider now owns 356,113 shares in total.
Allegro Microsystems Inc (ALGM) Earnings and Forecasts
If we go through the results of last quarter, which was made public on 9/30/2024, the company posted 0.32 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 0.29) by 0.03. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.08 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -81.03% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -3.95% 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
Check out the current performance indicators for Allegro Microsystems Inc (ALGM). In the past quarter, the stock posted a quick ratio of 2.80. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.93. Likewise, its price to free cash flow for the trailing twelve months is 62.66.
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 0.63 in one year’s time.
Technical Analysis of Allegro Microsystems Inc (ALGM)
Looking closely at Allegro Microsystems Inc (NASDAQ: ALGM), its last 5-days average volume was 1.54 million, which is a drop from its year-to-date volume of 1.95 million. As of the previous 9 days, the stock’s Stochastic %D was 75.10%. Additionally, its Average True Range was 0.94.
During the past 100 days, Allegro Microsystems Inc’s (ALGM) raw stochastic average was set at 26.79%, which indicates a significant decrease from 89.93% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 41.85% in the past 14 days, which was lower than the 57.97% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $21.38, while its 200-day Moving Average is $25.94. However, in the short run, Allegro Microsystems Inc’s stock first resistance to watch stands at $22.81. Second resistance stands at $23.10. The third major resistance level sits at $23.65. If the price goes on to break the first support level at $21.97, it is likely to go to the next support level at $21.42. Should the price break the second support level, the third support level stands at $21.13.
Allegro Microsystems Inc (NASDAQ: ALGM) Key Stats
There are currently 183,984K shares outstanding in the company with a market cap of 4.19 billion. Presently, the company’s annual sales total 1,049 M according to its annual income of 152,700 K. Last quarter, the company’s sales amounted to 187,390 K and its income totaled -33,680 K.
