A new trading day began on Monday, with Allegro Microsystems Inc (NASDAQ: ALGM) stock price down -8.30% from the previous day of trading, before settling in for the closing price of $27.71. ALGM’s price has 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%. Meanwhile, its annual earnings per share averaged -83.04%. With a float of $122.26 million, this company’s outstanding shares have now reached $184.04 million.
Let’s determine the extent of company efficiency that accounts for 4593 employees. In terms of profitability, gross margin is 47.22%, operating margin of 4.15%, and the pretax margin is -6.47%.
Allegro Microsystems Inc (ALGM) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Semiconductors Industry. The insider ownership of Allegro Microsystems Inc is 33.60%, while institutional ownership is 77.33%. 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
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 -83.04% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -10.58% 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
Here are Allegro Microsystems Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 3.00. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 6.05. Likewise, its price to free cash flow for the trailing twelve months is 674.15.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.34, a number that is poised to hit 0.05 in the next quarter and is forecasted to reach 0.52 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 6.44 million, which is a jump from its year-to-date volume of 3.28 million. As of the previous 9 days, the stock’s Stochastic %D was 72.18%. Additionally, its Average True Range was 1.86.
During the past 100 days, Allegro Microsystems Inc’s (ALGM) raw stochastic average was set at 62.80%, which indicates a significant increase from 51.27% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 95.27% in the past 14 days, which was higher than the 57.68% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $24.26, while its 200-day Moving Average is $24.30. However, in the short run, Allegro Microsystems Inc’s stock first resistance to watch stands at $26.73. Second resistance stands at $28.06. The third major resistance level sits at $28.73. If the price goes on to break the first support level at $24.73, it is likely to go to the next support level at $24.06. Should the price break the second support level, the third support level stands at $22.73.
Allegro Microsystems Inc (NASDAQ: ALGM) Key Stats
With a market capitalization of 4.68 billion, the company has a total of 184,125K Shares Outstanding. Currently, annual sales are 1,049 M while annual income is 152,700 K. The company’s previous quarter sales were 177,870 K while its latest quarter income was -6,860 K.
