At the time of writing, Alignment Healthcare Inc [ALHC] stock is trading at $11.72, up 8.02%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ALHC shares have gain 17.20% over the last week, with a monthly amount glided 24.55%, 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 $12.36. Currently, Wall Street analysts expect the stock to reach $9.5 within the next 12 months. Alignment Healthcare Inc [NASDAQ: ALHC] shares were valued at $11.72 at the most recent close of the market. An investor can expect a potential drop of -18.94% based on the average ALHC price forecast.
Analyzing the ALHC fundamentals
According to Alignment Healthcare Inc [NASDAQ:ALHC], the company’s sales were 2.23B for trailing twelve months, which represents an 47.34% jump. Gross Profit Margin for this corporation currently stands at 0.11% with Operating Profit Margin at -0.06%, Pretax Profit Margin comes in at -0.07%, and Net Profit Margin reading is -0.07%. To continue investigating profitability, this company’s Return on Assets is posted at -0.21, Equity is -1.02 and Total Capital is -0.38. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.71.
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 10.98 points at the first support level, and at 10.23 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.36, and for the 2nd resistance point, it is at 12.99.
Ratios To Look Out For
It is important to note that Alignment Healthcare Inc [NASDAQ:ALHC] has a current ratio of 1.61. Considering the valuation of this stock, the price to sales ratio is 1.00, the price to book ratio is 18.12.
Transactions by insiders
Recent insider trading involved FCO HOLDINGS LLC, Officer, that happened on Oct 08 ’24 when 37820.0 shares were purchased. Officer, Hyong Kim completed a deal on Oct 08 ’24 to buy 22037.0 shares. Meanwhile, Chief Legal and Admin. Officer JOYCE CHRISTOPHER J sold 667.0 shares on Oct 01 ’24.
