At the time of writing, Alignment Healthcare Inc [ALHC] stock is trading at $8.98, up 1.24%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ALHC shares have gain 14.39% over the last week, with a monthly amount glided 10.86%, 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.
For the past year, the stock price of Alignment Healthcare Inc fluctuated between $4.46 and $9.20. Currently, Wall Street analysts expect the stock to reach $9 within the next 12 months. Alignment Healthcare Inc [NASDAQ: ALHC] shares were valued at $8.98 at the most recent close of the market. An investor can expect a potential return of 0.22% based on the average ALHC price forecast.
Analyzing the ALHC fundamentals
According to Alignment Healthcare Inc [NASDAQ:ALHC], the company’s sales were 2.01B for trailing twelve months, which represents an 43.14% jump. 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 8.83 points at the first support level, and at 8.67 for the second support level. However, for the 1st resistance point, the stock is sitting at 9.18, and for the 2nd resistance point, it is at 9.37.
Ratios To Look Out For
It is important to note that Alignment Healthcare Inc [NASDAQ:ALHC] has a current ratio of 1.57. Considering the valuation of this stock, the price to sales ratio is 0.85, the price to book ratio is 13.11.
Transactions by insiders
Recent insider trading involved JOYCE CHRISTOPHER J, Chief Legal and Admin. Officer, that happened on Jul 01 ’24 when 666.0 shares were sold. Chief Legal and Admin. Officer, JOYCE CHRISTOPHER J completed a deal on Jun 14 ’24 to sell 16000.0 shares. Meanwhile, Director MARGOLIS JEFFREY H sold 1200.0 shares on Jun 14 ’24.
