Alignment Healthcare Inc [ALHC] stock is trading at $12.95, up 4.44%. 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 17.30% over the last week, with a monthly amount glided 19.14%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, BofA Securities upgraded its rating to Buy on May 30, 2024, and elevated its price target to $11. On May 30, 2024, Robert W. Baird initiated with a Outperform rating and assigned a price target of $10 on the stock. Piper Sandler upgraded its rating to a Overweight and increased its price target to $8 on May 08, 2024. Barclays initiated its recommendation with a Underweight and recommended $4.50 as its price target on March 06, 2024. Piper Sandler downgraded its rating to Neutral for this stock on March 06, 2024, and downed its price target to $6. In a note dated January 24, 2024, Stifel initiated an Buy rating and provided a target price of $11 on this stock.
Alignment Healthcare Inc [ALHC] stock has fluctuated between $4.46 and $12.44 over the past year. 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 $12.95 at the most recent close of the market. An investor can expect a potential drop of -26.64% based on the average ALHC price forecast.
Analyzing the ALHC fundamentals
Alignment Healthcare Inc [NASDAQ:ALHC] reported sales of 2.47B for the trailing twelve months, which represents a growth of 51.61%. Gross Profit Margin for this corporation currently stands at 0.1% with Operating Profit Margin at -0.05%, Pretax Profit Margin comes in at -0.06%, and Net Profit Margin reading is -0.06%. To continue investigating profitability, this company’s Return on Assets is posted at -0.21, Equity is -1.1 and Total Capital is -0.36. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.85.
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 12.35 points at the first support level, and at 11.75 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.27, and for the 2nd resistance point, it is at 13.59.
Ratios To Look Out For
For context, Alignment Healthcare Inc’s Current Ratio is 1.60. Considering the valuation of this stock, the price to sales ratio is 1.05, the price to book ratio is 21.66.
Transactions by insiders
Recent insider trading involved HAKAN KARDES, Officer, that happened on Nov 01 ’24 when 25000.0 shares were purchased. Chief Financial Officer, Freeman Robert Thomas completed a deal on Oct 31 ’24 to sell 36197.0 shares. Meanwhile, Chief Financial Officer Freeman Robert Thomas sold 4483.0 shares on Oct 29 ’24.
