Allegro Microsystems Inc. [NASDAQ: ALGM] surged by $0.61 during the normal trading session on while it closed the day at $23.79.
Allegro Microsystems Inc. stock has also gained 12.59% of its value over the past 7 days. However, ALGM stock has declined by -14.67% in the 3 months of the year. Over the past six months meanwhile, it has lost -14.33% and lost -21.41% year-on date.
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The market cap for ALGM stock reached $4.37 billion, with 193.16 million shares outstanding and 125.59 million shares in the current float. Compared to the average trading volume of 2.28M shares, ALGM reached a trading volume of 2740700 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Allegro Microsystems Inc. [ALGM]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ALGM shares is $33.88 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ALGM stock is a recommendation set at 1.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
UBS have made an estimate for Allegro Microsystems Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on September 03, 2024. While these analysts kept the previous recommendation, Jefferies raised their target price to Buy. The new note on the price target was released on May 13, 2024, representing the official price target for Allegro Microsystems Inc. stock. Previously, the target price had yet another drop from $35 to $32, while TD Cowen kept a Buy rating on ALGM stock.
The Average True Range (ATR) for Allegro Microsystems Inc. is set at 1.15, with the Price to Sales ratio for ALGM stock in the period of the last 12 months amounting to 4.66. The Price to Book ratio for the last quarter was 4.16, with the Price to Cash per share for the same quarter was set at 1.00. Price to Free Cash Flow for ALGM in the course of the last twelve months was 58.02 with Quick ratio for the last quarter at 2.98.
ALGM stock trade performance evaluation
Allegro Microsystems Inc. [ALGM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 12.59. With this latest performance, ALGM shares dropped by -5.03% in over the last four-week period, additionally sinking by -14.33% over the last 6 months – not to mention a drop of -27.95% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ALGM stock in for the last two-week period is set at 52.52, with the RSI for the last a single of trading hit 58.89, and the three-weeks RSI is set at 49.27 for Allegro Microsystems Inc. [ALGM]. The present Moving Average for the last 50 days of trading for this stock 24.66, while it was recorded at 23.01 for the last single week of trading, and 27.80 for the last 200 days.
Allegro Microsystems Inc. [ALGM]: An insightful look at the core fundamentals
Allegro Microsystems Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.98 and a Current Ratio set at 4.65.
Earnings per share (EPS) analysis for Allegro Microsystems Inc. [ALGM] stock
With the latest financial reports released by the company, Allegro Microsystems Inc. posted 0.4/share EPS, while the average EPS was predicted by analysts to be reported at 0.37/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.03. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ALGM. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Allegro Microsystems Inc. go to 8.70%.
Allegro Microsystems Inc. [ALGM]: Institutional Ownership
There are presently around $48.98%, or 67.59%% of ALGM stock, in the hands of institutional investors. The top three institutional holders of ALGM stocks are: FMR LLC with ownership of 19.72 million shares, which is approximately 10.2401%. JPMORGAN CHASE & CO, holding 9.14 million shares of the stock with an approximate value of $$258.09 million in ALGM stocks shares; and JPMORGAN CHASE & CO, currently with $$245.01 million in ALGM stock with ownership which is approximately 4.5053%.
