A share price of Alignment Healthcare Inc [ALHC] is currently trading at $12.39, up 2.82%. 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 10.97% over the last week, with a monthly amount glided 12.23%, 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 experienced fluctuations in its stock price throughout the past year between $4.46 and $14.25. 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 $12.39 at the most recent close of the market. An investor can expect a potential drop of -23.33% based on the average ALHC price forecast.
Analyzing the ALHC fundamentals
Trailing Twelve Months sales for Alignment Healthcare Inc [NASDAQ:ALHC] were 2.47B which represents 51.61% growth. 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 12.06 points at the first support level, and at 11.73 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.66, and for the 2nd resistance point, it is at 12.93.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Alignment Healthcare Inc [NASDAQ:ALHC] is 1.60. Considering the valuation of this stock, the price to sales ratio is 0.96, the price to book ratio is 20.72.
Transactions by insiders
Recent insider trading involved Maroney Dawn Christine, President, Markets, that happened on Nov 15 ’24 when 30000.0 shares were sold. Director, KONOWIECKI JOSEPH S completed a deal on Nov 11 ’24 to sell 6920.0 shares. Meanwhile, Chief Financial Officer Freeman Robert Thomas sold 30500.0 shares on Nov 11 ’24.
