Allegro Microsystems Inc [ALGM] stock is trading at $21.31, up 2.70%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ALGM shares have gain 11.75% over the last week, with a monthly amount drifted -1.25%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Allegro Microsystems Inc [NASDAQ: ALGM] stock has seen the most recent analyst activity on November 22, 2024, when Wells Fargo initiated its Overweight rating and assigned the stock a price target of $23. Previously, Loop Capital started tracking the stock with Buy rating on November 12, 2024, and set its price target to $30. On November 07, 2024, Morgan Stanley initiated with a Equal-Weight rating and assigned a price target of $21 on the stock. UBS started tracking the stock assigning a Buy rating and suggested a price target of $33 on September 03, 2024. Jefferies initiated its recommendation with a Buy and recommended $37 as its price target on May 13, 2024. TD Cowen reiterated a Buy rating for this stock on May 10, 2024, and downed its price target to $32. In a note dated April 16, 2024, Evercore ISI initiated an Outperform rating and provided a target price of $36 on this stock.
Allegro Microsystems Inc [ALGM] stock has fluctuated between $18.59 and $33.26 over the past year. Currently, Wall Street analysts expect the stock to reach $32 within the next 12 months. Allegro Microsystems Inc [NASDAQ: ALGM] shares were valued at $21.31 at the most recent close of the market. An investor can expect a potential return of 50.16% based on the average ALGM price forecast.
Analyzing the ALGM fundamentals
Allegro Microsystems Inc [NASDAQ:ALGM] reported sales of 849.88M for the trailing twelve months, which represents a drop of -31.98%. Gross Profit Margin for this corporation currently stands at 0.49% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at -0.01%, and Net Profit Margin reading is -0.03%. To continue investigating profitability, this company’s Return on Assets is posted at -0.02, Equity is -0.02 and Total Capital is 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.43.
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 20.93 points at the first support level, and at 20.54 for the second support level. However, for the 1st resistance point, the stock is sitting at 21.61, and for the 2nd resistance point, it is at 21.90.
Ratios To Look Out For
For context, Allegro Microsystems Inc’s Current Ratio is 4.22. Also, the Quick Ratio is 2.80, while the Cash Ratio stands at 1.52. Considering the valuation of this stock, the price to sales ratio is 4.74, the price to book ratio is 4.18.
Transactions by insiders
Recent insider trading involved Doogue Michael, SVP, CTO, that happened on Nov 18 ’24 when 15000.0 shares were purchased. President and CEO, Nargolwala Vineet A completed a deal on Nov 05 ’24 to buy 5000.0 shares. Meanwhile, 10% Owner Sanken Electric Co., Ltd. sold 10.02 million shares on Aug 07 ’24.
