At the time of writing, Alignment Healthcare Inc [ALHC] stock is trading at $12.84, up 1.82%. An important factor to consider is whether the stock is rising or falling in short-term value. The ALHC shares have gain 6.56% over the last week, with a monthly amount glided 3.55%, 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.
For the past year, the stock price of Alignment Healthcare Inc fluctuated 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 $12.84 at the most recent close of the market. An investor can expect a potential drop of -26.01% based on the average ALHC price forecast.
Analyzing the ALHC fundamentals
According to Alignment Healthcare Inc [NASDAQ:ALHC], the company’s sales were 2.47B for trailing twelve months, which represents an 51.61% jump. 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 12.55 points at the first support level, and at 12.26 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.05, and for the 2nd resistance point, it is at 13.26.
Ratios To Look Out For
It is important to note that Alignment Healthcare Inc [NASDAQ:ALHC] has a current ratio of 1.60. Considering the valuation of this stock, the price to sales ratio is 0.98, the price to book ratio is 21.48.
Transactions by insiders
Recent insider trading involved Kardes Hakan, Chief Experience Officer, that happened on Nov 27 ’24 when 35000.0 shares were sold. Officer, HAKAN KARDES completed a deal on Nov 27 ’24 to buy 35000.0 shares. Meanwhile, President, Markets Maroney Dawn Christine sold 30000.0 shares on Nov 15 ’24.
