Currently, there are 193.16M common shares owned by the public and among those 89.37M shares have been available to trade.
The company’s stock has a 5-day price change of -16.12% and -17.10% over the past three months. ALGM shares are trading -20.22% year to date (YTD), with the 12-month market performance down to -50.37% lower. It has a 12-month low price of $23.64 and touched a high of $52.26 over the same period. ALGM has an average intraday trading volume of 1.70 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -18.74%, -17.88%, and -15.84% respectively.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Institutional ownership of Allegro Microsystems Inc. (NASDAQ: ALGM) shares accounts for 51.91% of the company’s 193.16M shares outstanding.
It has a market capitalization of $4.68B and a beta (3y monthly) value of 1.70. The stock’s trailing 12-month PE ratio is 30.85, while the earnings-per-share (ttm) stands at $0.78. The company has a PEG of 3.55 and a Quick Ratio of 3.48 with the debt-to-equity ratio at 0.24. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.58% over the week and 4.05% over the month.
Earnings per share for the fiscal year are expected to decrease by -66.58%, and 152.12% over the next financial year. EPS should shrink at an annualized rate of 8.70% over the next five years, compared to 11.89% over the past 5-year period.
Looking at the support for the ALGM, a number of firms have released research notes about the stock. Jefferies stated their Buy rating for the stock in a research note on May 13, 2024, with the firm’s price target at $37. TD Cowen coverage for the Allegro Microsystems Inc. (ALGM) stock in a research note released on May 10, 2024 offered a Buy rating with a price target of $32. Evercore ISI was of a view on April 16, 2024 that the stock is Outperform, while Wolfe Research gave the stock Outperform rating on February 02, 2024, issuing a price target of $35. TD Cowen on their part issued Outperform rating on February 02, 2024.
