A share price of Allegro Microsystems Inc [ALGM] is currently trading at $31.19, up 8.87%. An important factor to consider is whether the stock is rising or falling in short-term value. The ALGM shares have gain 4.66% over the last week, with a monthly amount glided 15.43%, 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.
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 $31.19 at the most recent close of the market. An investor can expect a potential return of 2.6% 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. The company’s stock is currently sitting at 30.10 points at the first support level, and at 29.01 for the second support level. However, for the 1st resistance point, the stock is sitting at 31.87, and for the 2nd resistance point, it is at 32.55.
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 7.95, the price to book ratio is 6.18.
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.
