Allegro Microsystems Inc (NASDAQ: ALGM) kicked off on Monday, up 3.57% from the previous trading day, before settling in for the closing price of $21.59. Over the past 52 weeks, ALGM has traded in a range of $18.59-$33.26.
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Annual sales at Technology sector company grew by 9.03% over the past five years. While this was happening, its average annual earnings per share was recorded -81.03%. With a float of $122.37 million, this company’s outstanding shares have now reached $183.98 million.
Let’s look at the performance matrix of the company that is accounted 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 and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Semiconductors Industry. The insider ownership of Allegro Microsystems Inc is 33.49%, while institutional ownership is 77.57%. 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) Latest Financial update
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
Take a look at Allegro Microsystems Inc’s (ALGM) current performance indicators. Last quarter, stock had a quick ratio of 2.80. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.96. Likewise, its price to free cash flow for the trailing twelve months is 63.02.
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)
Allegro Microsystems Inc (NASDAQ: ALGM) saw its 5-day average volume 3.17 million, a positive change from its year-to-date volume of 1.96 million. As of the previous 9 days, the stock’s Stochastic %D was 43.90%. Additionally, its Average True Range was 1.04.
During the past 100 days, Allegro Microsystems Inc’s (ALGM) raw stochastic average was set at 52.58%, which indicates a significant decrease from 70.72% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 39.65% in the past 14 days, which was lower than the 52.91% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $21.25, while its 200-day Moving Average is $25.23. Nevertheless, the first resistance level for the watch stands at $22.75 in the near term. At $23.14, the stock is likely to face the second major resistance level. The third major resistance level sits at $23.69. If the price goes on to break the first support level at $21.81, it is likely to go to the next support level at $21.26. The third support level lies at $20.87 if the price breaches the second support level.
Allegro Microsystems Inc (NASDAQ: ALGM) Key Stats
The company with the Market Capitalisation of 4.22 billion has total of 183,984K Shares Outstanding. Its annual sales at the moment are 1,049 M in contrast with the sum of 152,700 K annual income. Company’s last quarter sales were recorded 187,390 K and last quarter income was -33,680 K.
