A share price of Allegro Microsystems Inc [ALGM] is currently trading at $28.00, up 4.57%. An important factor to consider is whether the stock is rising or falling in short-term value. The ALGM shares have gain 7.84% over the last week, with a monthly amount glided 46.24%, and seem to be holding up well over a long-time horizon.
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 experienced fluctuations in its stock price throughout the past year between $16.38 and $33.26. Currently, Wall Street analysts expect the stock to reach $32 within the next 12 months. Allegro Microsystems Inc [NASDAQ: ALGM] shares were valued at $28.00 at the most recent close of the market. An investor can expect a potential return of 14.29% based on the average ALGM price forecast.
Analyzing the ALGM fundamentals
Trailing Twelve Months sales for Allegro Microsystems Inc [NASDAQ:ALGM] were 725.01M which represents -19.85% decline. Gross Profit Margin for this corporation currently stands at 0.44% with Operating Profit Margin at -0.03%, Pretax Profit Margin comes in at -0.12%, and Net Profit Margin reading is -0.1%. To continue investigating profitability, this company’s Return on Assets is posted at -0.05, Equity is -0.07 and Total Capital is -0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.37.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Allegro Microsystems Inc [NASDAQ:ALGM] is 4.30. On the other hand, the Quick Ratio is 2.66, and the Cash Ratio is 1.08. Considering the valuation of this stock, the price to sales ratio is 7.14, the price to book ratio is 5.55.
Transactions by insiders
Recent insider trading involved Richard Lury, Officer, that happened on Jun 04 ’25 when 6849.0 shares were purchased. SVP, CTO, Doogue Michael completed a deal on Nov 18 ’24 to buy 15000.0 shares. Meanwhile, President and CEO Nargolwala Vineet A bought 5000.0 shares on Nov 05 ’24.
