Allegro Microsystems Inc (ALGM) concluded trading on Wednesday at a closing price of $18.69, with 7.87 million shares of worth about $147.11 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -11.42% during that period and on May 07, 2025 the price saw a loss of about -1.42%. Currently the company’s common shares owned by public are about 184.04M shares, out of which, 122.31M shares are available for trading.
Stock saw a price change of -1.99% in past 5 days and over the past one month there was a price change of -11.25%. Year-to-date (YTD), ALGM shares are showing a performance of -14.50% which decreased to -37.64% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $16.38 but also hit the highest price of $33.26 during that period. The average intraday trading volume for Allegro Microsystems Inc shares is 3.60 million. The stock is currently trading -3.46% below its 20-day simple moving average (SMA20), while that difference is down -18.35% for SMA50 and it goes to -18.04% lower than SMA200.
Allegro Microsystems Inc (NASDAQ: ALGM) currently have 184.04M outstanding shares and institutions hold larger chunk of about 78.00% of that.
The stock has a current market capitalization of $3.44B and its 3Y-monthly beta is at 1.57. 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 4.05% while standing at 7.74% over the month.
Analysts are in expectations that Allegro Microsystems Inc (ALGM) stock would likely to be making an EPS of 0.05 in the current quarter, while forecast for next quarter EPS is 0.08 and it is 0.51 for next year. For the current quarter EPS, analysts have given the company a lowest target 0.04 which is 0.06 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of 0.25 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -83.05% while it is estimated to increase by 122.68% in next year. EPS is likely to shrink at an annualized rate of -11.40% 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.
