Alignment Healthcare Inc [NASDAQ: ALHC] loss -1.00% on the last trading session, reaching $14.90 price per share at the time.
If compared to the average trading volume of 3.33M shares, ALHC reached a trading volume of 4814173 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Alignment Healthcare Inc [ALHC]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ALHC shares is $18.40 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ALHC stock is a recommendation set at 1.92. 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.
Stephens have made an estimate for Alignment Healthcare Inc shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on December 03, 2024. While these analysts kept the previous recommendation, KeyBanc Capital Markets raised their target price to Sector Weight. The new note on the price target was released on October 11, 2024, representing the official price target for Alignment Healthcare Inc stock. Previously, the target price had yet another raise from $7.75 to $11, while BofA Securities kept a Buy rating on ALHC stock.
The Average True Range (ATR) for Alignment Healthcare Inc is set at 0.82, with the Price to Sales ratio for ALHC stock in the period of the last 12 months amounting to 0.98. The Price to Book ratio for the last quarter was 27.24. Price to Free Cash Flow for ALHC in the course of the last twelve months was 154.58.
Trading performance analysis for ALHC stock
Alignment Healthcare Inc [ALHC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.80. With this latest performance, ALHC shares dropped by -14.52% in over the last four-week period, additionally plugging by 23.65% over the last 6 months – not to mention a rise of 108.10% 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 ALHC stock in for the last two-week period is set at 41.96, with the RSI for the last a single of trading hit 42.46, and the three-weeks RSI is set at 43.10 for Alignment Healthcare Inc [ALHC]. The present Moving Average for the last 50 days of trading for this stock 17.01, while it was recorded at 14.74 for the last single week of trading, and 13.41 for the last 200 days.
Alignment Healthcare Inc [ALHC]: A deeper dive into fundamental analysis
Alignment Healthcare Inc’s liquidity data is similarly interesting compelling, with a Current Ratio set at 1.69.
An analysis of Institutional ownership at Alignment Healthcare Inc [ALHC]
The top three institutional holders of ALHC stocks are: GENERAL ATLANTIC, L.P. with ownership of 60.99 million shares, which is approximately 31.9518%. WARBURG PINCUS LLC, holding 17.92 million shares of the stock with an approximate value of $$140.16 million in ALHC stocks shares; and WARBURG PINCUS LLC, currently with $$134.42 million in ALHC stock with ownership which is approximately 9.0044%.
