At the time of writing, Allegro Microsystems Inc [ALGM] stock is trading at $34.18, up 1.51%. 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 10.40% over the last week, with a monthly amount glided 31.61%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Previously, Wells Fargo started tracking the stock with Overweight rating on November 22, 2024, and set its price target to $23. On November 12, 2024, Loop Capital initiated with a Buy rating and assigned a price target of $30 on the stock. Morgan Stanley started tracking the stock assigning a Equal-Weight rating and suggested a price target of $21 on November 07, 2024. UBS initiated its recommendation with a Buy and recommended $33 as its price target on September 03, 2024. Jefferies started tracking with a Buy rating for this stock on May 13, 2024, and assigned it a price target of $37. In a note dated May 10, 2024, TD Cowen reiterated an Buy rating on this stock and revised its target price from $35 to $32.
For the past year, the stock price of Allegro Microsystems Inc fluctuated between $16.38 and $34.30. Currently, Wall Street analysts expect the stock to reach $32 within the next 12 months. Allegro Microsystems Inc [NASDAQ: ALGM] shares were valued at $34.18 at the most recent close of the market. An investor can expect a potential drop of -6.38% based on the average ALGM price forecast.
Analyzing the ALGM fundamentals
According to Allegro Microsystems Inc [NASDAQ:ALGM], the company’s sales were 725.01M for trailing twelve months, which represents an -19.85% plunge. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.37.
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 33.73 points at the first support level, and at 33.28 for the second support level. However, for the 1st resistance point, the stock is sitting at 34.44, and for the 2nd resistance point, it is at 34.70.
Ratios To Look Out For
It is important to note that Allegro Microsystems Inc [NASDAQ:ALGM] has a current ratio of 4.30. Also, the Quick Ratio is 2.66, while the Cash Ratio stands at 1.08. Considering the valuation of this stock, the price to sales ratio is 8.72, the price to book ratio is 6.78.
Transactions by insiders
Recent insider trading involved Lury Richard R., Director, that happened on Jun 11 ’25 when 3100.0 shares were sold. Director, Lury Richard R. completed a deal on Jun 11 ’25 to buy 3100.0 shares. Meanwhile, Director Lury Richard R. sold 6849.0 shares on Jun 04 ’25.
