On Tuesday, Allegro Microsystems Inc (NASDAQ: ALGM) opened higher 0.52% from the last session, before settling in for the closing price of $27.12. Price fluctuations for ALGM have ranged from $16.38 to $33.26 over the past 52 weeks.
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Annual sales at Technology sector company grew by 5.52% over the past five years. Company’s average yearly earnings per share was noted 114.63% at the time writing. With a float of $122.25 million, this company’s outstanding shares have now reached $184.12 million.
Let’s look at the performance matrix of the company that is accounted for 4593 employees. In terms of profitability, gross margin is 44.35%, operating margin of -2.73%, and the pretax margin is -11.82%.
Allegro Microsystems Inc (ALGM) Insider Updates
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 33.60%, while institutional ownership is 85.85%. 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) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around 114.63% per share during the next fiscal year.
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 2.66. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 6.92. Likewise, its price to free cash flow for the trailing twelve months is 228.56.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.39, a number that is poised to hit 0.08 in the next quarter and is forecasted to reach 0.94 in one year’s time.
Technical Analysis of Allegro Microsystems Inc (ALGM)
Allegro Microsystems Inc (NASDAQ: ALGM) saw its 5-day average volume 2.47 million, a negative change from its year-to-date volume of 3.36 million. As of the previous 9 days, the stock’s Stochastic %D was 96.98%. Additionally, its Average True Range was 1.40.
During the past 100 days, Allegro Microsystems Inc’s (ALGM) raw stochastic average was set at 83.24%, which indicates a significant decrease from 96.81% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 67.51% in the past 14 days, which was lower than the 77.60% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $22.98, while its 200-day Moving Average is $22.83. Nevertheless, the first resistance level for the watch stands at $27.61 in the near term. At $27.96, the stock is likely to face the second major resistance level. The third major resistance level sits at $28.49. If the price goes on to break the first support level at $26.73, it is likely to go to the next support level at $26.20. Assuming the price breaks the second support level, the third support level stands at $25.85.
Allegro Microsystems Inc (NASDAQ: ALGM) Key Stats
There are currently 184,125K shares outstanding in the company with a market cap of 5.02 billion. Presently, the company’s annual sales total 725,010 K according to its annual income of -73,010 K. Last quarter, the company’s sales amounted to 192,820 K and its income totaled -14,800 K.
