Alignment Healthcare Inc [NASDAQ: ALHC] surged by $1.22 during the normal trading session on Wednesday and reaching a high of $13.125 during the day while it closed the day at $13.0.
Alignment Healthcare Inc stock has also gained 4.84% of its value over the past 7 days. However, ALHC stock has declined by -25.42% in the 3 months of the year. Over the past six months meanwhile, it has lost -14.59% and gained 45.58% year-on date.
The market cap for ALHC stock reached $2.57 billion, with 197.67 million shares outstanding and 131.29 million shares in the current float. Compared to the average trading volume of 3.35M shares, ALHC reached a trading volume of 8870958 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 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 Price to Book ratio for the last quarter was 23.76. Price to Free Cash Flow for ALHC in the course of the last twelve months was 134.87.
ALHC stock trade performance evaluation
Alignment Healthcare Inc [ALHC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.84. With this latest performance, ALHC shares dropped by -7.14% in over the last four-week period, additionally sinking by -14.59% over the last 6 months – not to mention a rise of 15.56% 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 48.86, with the RSI for the last a single of trading hit 0.63, and the three-weeks RSI is set at 0.62 for Alignment Healthcare Inc [ALHC]. The present Moving Average for the last 50 days of trading for this stock 14.00, while it was recorded at 12.01 for the last single week of trading, and 14.18 for the last 200 days.
Alignment Healthcare Inc [ALHC]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Alignment Healthcare Inc [ALHC] shares currently have an operating margin of -2.19%. Alignment Healthcare Inc’s Net Margin is presently recorded at -3.02%.
Alignment Healthcare Inc (ALHC) Capital Structure & Debt Analysis
According to recent financial data for Alignment Healthcare Inc. ( ALHC), the Return on Equity (ROE) stands at -75.82%, highlighting a negative impact on investor capital. The Return on Assets (ROA) is -11.86%, reflecting the company’s efficiency in generating profits from its assets. Additionally, Alignment Healthcare Inc’s Return on Invested Capital (ROIC) is -20.71%, showcasing its effectiveness in deploying capital for earnings.
Alignment Healthcare Inc (ALHC) Efficiency & Liquidity Metrics
Based on Alignment Healthcare Inc’s (ALHC) latest financial statements, the Debt-to-Equity Ratio is 3.05%, indicating its reliance on debt financing relative to shareholder equity.
Alignment Healthcare Inc (ALHC) Efficiency & Liquidity Metrics
Alignment Healthcare Inc [ALHC]: Institutional Ownership
There are presently around $98.68%, or 103.50% of ALHC stock, in the hands of institutional investors. 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%.
