Allegro Microsystems Inc (ALGM) concluded trading on Thursday at a closing price of $21.82, with 3.98 million shares of worth about $86.79 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 5.06% during that period and on April 10, 2025 the price saw a loss of about -6.07%. Currently the company’s common shares owned by public are about 184.04M shares, out of which, 122.30M shares are available for trading.
Stock saw a price change of -4.67% in past 5 days and over the past one month there was a price change of -12.51%. Year-to-date (YTD), ALGM shares are showing a performance of -0.18% which decreased to -21.96% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $18.34 but also hit the highest price of $33.26 during that period. The average intraday trading volume for Allegro Microsystems Inc shares is 3.30 million. The stock is currently trading -12.63% below its 20-day simple moving average (SMA20), while that difference is down -12.79% for SMA50 and it goes to -8.39% lower than SMA200.
Allegro Microsystems Inc (NASDAQ: ALGM) currently have 184.04M outstanding shares and institutions hold larger chunk of about 77.34% of that.
The stock has a current market capitalization of $4.02B and its 3Y-monthly beta is at 1.54. It has posted earnings per share of -$0.34 in the same period. It has Quick Ratio of 3.00 while making debt-to-equity ratio of 0.43. 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 15.68% while standing at 7.72% over the month.
Stock’s fiscal year EPS is expected to drop by -83.04% while it is estimated to increase by 131.01% in next year. EPS is likely to shrink at an annualized rate of -10.28% 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 Wells Fargo on November 22, 2024 offering an Overweight rating for the stock and assigned a target price of $23 to it. Coverage by Loop Capital stated Allegro Microsystems Inc (ALGM) stock as a Buy in their note to investors on November 12, 2024, suggesting a price target of $30 for the stock. On November 07, 2024, Morgan Stanley Initiated their recommendations, while on September 03, 2024, UBS Initiated their ratings for the stock with a price target of $33. Stock get a Buy rating from Jefferies on May 13, 2024.
