Alignment Healthcare Inc (ALHC) Volatility At 5.68%, Should You Add A Position?

Alignment Healthcare Inc (NASDAQ: ALHC) is -22.53% lower on its value in year-to-date trading and has touched a low of $4.88 and a high of $11.44 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ALHC stock was last observed hovering at around $6.42 in the last trading session, with the day’s gains setting it 0.25%.

Currently trading at $6.67, the stock is -6.12% and -13.84% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.07 million and changing 3.89% at the moment leaves the stock -0.63% off its SMA200. ALHC registered -41.59% loss for a year compared to 6-month gain of 0.45%. The firm has a 50-day simple moving average (SMA 50) of $0.53 and a 200-day simple moving average (SMA200) of -$7.85.

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The stock witnessed a -24.46% loss in the last 1 month and extending the period to 3 months gives it a 7.93%, and is 2.93% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.68% over the week and 5.87% over the month.

Alignment Healthcare Inc (ALHC) has around 1037 employees, a market worth around $1.26B and $1.72B in sales. Profit margin for the company is -9.17%. Distance from 52-week low is 36.68% and -41.70% from its 52-week high. The company has generated returns on investments over the last 12 months (-43.88%).

Alignment Healthcare Inc quarterly earnings per share for the current quarter are estimated at -$0.22 with sales reaching $442.79M over the same period.The EPS is expected to grow by 8.43% this year, but quarterly earnings will post 25.60% year-over-year. Quarterly sales are estimated to grow 22.40% in year-over-year returns.

180 institutions hold shares in Alignment Healthcare Inc (ALHC), with institutional investors hold 91.20% of the company’s shares. The shares outstanding are 187.28M, and float is at 95.84M with Short Float at 3.81%. Institutions hold 85.89% of the Float.

The top institutional shareholder in the company is General Atlantic, L.P. with over 60.99 million shares valued at $350.71 million. The investor’s holdings represent 32.37% of the ALHC Shares outstanding. As of Jun 29, 2023, the second largest holder is Warburg Pincus LLC with 17.92 million shares valued at $103.06 million to account for 9.51% of the shares outstanding. The other top investors are FMR, LLC which holds 16.94 million shares representing 8.99% and valued at over $97.38 million, while T. Rowe Price Investment Management, Inc. holds 6.14% of the shares totaling 11.58 million with a market value of $66.57 million.

Alignment Healthcare Inc (ALHC) Insider Activity

A total of 6 insider transactions have happened at Alignment Healthcare Inc (ALHC) in the last six months, with sales accounting for 3 and purchases happening 3 times. The most recent transaction is an insider sale by MARGOLIS JEFFREY H, the company’s Director. SEC filings show that MARGOLIS JEFFREY H sold 1,200 shares of the company’s common stock on Dec 14 at a price of $8.46 per share for a total of $10152.0. Following the sale, the insider now owns 0.42 million shares.

Alignment Healthcare Inc disclosed in a document filed with the SEC on Dec 06 that MARGOLIS JEFFREY H (Director) sold a total of 1,200 shares of the company’s common stock. The trade occurred on Dec 06 and was made at $8.00 per share for $9600.0. Following the transaction, the insider now directly holds 0.42 million shares of the ALHC stock.

Still, SEC filings show that on Nov 10, KONOWIECKI JOSEPH S (Chairman of the Board) disposed off 4,898 shares at an average price of $5.90 for $28898.0. The insider now directly holds 1,188,221 shares of Alignment Healthcare Inc (ALHC).

Alignment Healthcare Inc (ALHC): Who are the competitors?

One of the company’s main competitors (and peers) include Elevance Health Inc. (ELV) that is trading 2.32% up over the past 12 months.Centene Corp. (CNC) lies in the list of competitors of the Alignment Healthcare Inc and is 5.17% higher over the same period from ALHCMolina Healthcare Inc. (MOH) is 25.36% up on the 1-year trading charts.