Allegro Microsystems Inc (ALGM) concluded trading on Thursday at a closing price of $20.84, with 4.23 million shares of worth about $88.16 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -29.59% during that period and on October 31, 2024 the price saw a loss of about -6.21%. Currently the company’s common shares owned by public are about 193.16M shares, out of which, 122.45M shares are available for trading.
Stock saw a price change of -3.43% in past 5 days and over the past one month there was a price change of -3.96%. Year-to-date (YTD), ALGM shares are showing a performance of -31.15% which decreased to -19.72% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $19.71 but also hit the highest price of $33.26 during that period. The average intraday trading volume for Allegro Microsystems Inc shares is 2.30 million. The stock is currently trading -2.11% below its 20-day simple moving average (SMA20), while that difference is down -6.60% for SMA50 and it goes to -22.19% lower than SMA200.
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Allegro Microsystems Inc (NASDAQ: ALGM) currently have 193.16M outstanding shares and institutions hold larger chunk of about 56.85% of that.
The stock has a current market capitalization of $3.83B and its 3Y-monthly beta is at 1.67. PE ratio of stock for trailing 12 months is 54.91, while it has posted earnings per share of $0.38 in the same period. Its PEG reads 6.31 and has Quick Ratio of 2.98 while making debt-to-equity ratio of 0.20. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ALGM, volatility over the week remained 6.41% while standing at 4.50% over the month.
Stock’s fiscal year EPS is expected to drop by -78.70% while it is estimated to increase by 146.27% in next year. EPS is likely to shrink at an annualized rate of 8.70% for next 5-years, compared to annual growth of 11.89% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by UBS on September 03, 2024 offering a Buy rating for the stock and assigned a target price of $33 to it. Coverage by Jefferies stated Allegro Microsystems Inc (ALGM) stock as a Buy in their note to investors on May 13, 2024, suggesting a price target of $37 for the stock. On May 10, 2024, TD Cowen Reiterated their recommendations, while on April 16, 2024, Evercore ISI Initiated their ratings for the stock with a price target of $36. Stock get an Outperform rating from Wolfe Research on February 02, 2024.
