Alignment Healthcare Inc (ALHC) Stock Up 0.36%: Is It a Good Investment?

Alignment Healthcare Inc [ALHC] stock prices are up 0.36% to $8.37 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ALHC shares have gain 4.76% over the last week, with a monthly amount glided 21.13%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Alignment Healthcare Inc [NASDAQ: ALHC] stock has seen the most recent analyst activity on May 30, 2024, when BofA Securities upgraded its rating to a Buy and also boosted its price target to $11 from $7.75. Previously, Robert W. Baird started tracking the stock with Outperform rating on May 30, 2024, and set its price target to $10. On May 08, 2024, upgrade upgraded it’s rating to Overweight and revised its price target to $8 on the stock. Barclays started tracking the stock assigning a Underweight rating and suggested a price target of $4.50 on March 06, 2024. Piper Sandler downgraded its rating to a Neutral and reduced its price target to $6 on March 06, 2024. Stifel started tracking with a Buy rating for this stock on January 24, 2024, and assigned it a price target of $11. In a note dated November 02, 2023, BofA Securities downgraded an Neutral rating on this stock and revised its target price from $7.50 to $7.25.

The stock price of Alignment Healthcare Inc [ALHC] has been fluctuating between $4.46 and $9.20 over the past year. Currently, Wall Street analysts expect the stock to reach $9 within the next 12 months. Alignment Healthcare Inc [NASDAQ: ALHC] shares were valued at $8.37 at the most recent close of the market. An investor can expect a potential return of 7.53% based on the average ALHC price forecast.

Analyzing the ALHC fundamentals

The Alignment Healthcare Inc [NASDAQ:ALHC] reported sales of 2.01B for trailing twelve months, representing a surge of 43.14%. Gross Profit Margin for this corporation currently stands at 0.11% with Operating Profit Margin at -0.07%, Pretax Profit Margin comes in at -0.08%, and Net Profit Margin reading is -0.08%. To continue investigating profitability, this company’s Return on Assets is posted at -0.25, Equity is -0.92 and Total Capital is -0.45. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.24.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 8.21 points at the first support level, and at 8.05 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.46, and for the 2nd resistance point, it is at 8.55.

Ratios To Look Out For

It’s worth pointing out that Alignment Healthcare Inc [NASDAQ:ALHC]’s Current Ratio is 1.57. Considering the valuation of this stock, the price to sales ratio is 0.79, the price to book ratio is 12.22.

Transactions by insiders

Recent insider trading involved Maroney Dawn Christine, President, Markets, that happened on Mar 28 ’24 when 10151.0 shares were sold. Chief Experience Officer, Kardes Hakan completed a deal on Mar 28 ’24 to sell 4363.0 shares. Meanwhile, Chief Financial Officer Freeman Robert Thomas sold 4299.0 shares on Mar 28 ’24.

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