Alignment Healthcare Inc (NASDAQ: ALHC) is -8.83% lower on its value in year-to-date trading and has touched a low of $4.46 and a high of $9.20 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 $7.96 in the last trading session, with the day’s loss setting it -0.11%.
Currently trading at $7.85, the stock is -0.40% and 8.88% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.02 million and changing -1.38% at the moment leaves the stock 15.89% off its SMA200. ALHC registered 41.19% gain for a year compared to 6-month gain of -2.97%.
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The stock witnessed a -5.08% loss in the last 1 month and extending the period to 3 months gives it a 67.38%, and is 0.38% 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 3.89% over the week and 4.51% over the month.
Alignment Healthcare Inc (ALHC) has around 1536 employees, a market worth around $1.50B and $2.01B in sales. Profit margin for the company is -7.81%. Distance from 52-week low is 76.01% and -14.65% from its 52-week high. The company has generated returns on investments over the last 12 months (-52.17%).
The EPS is expected to grow by 14.78% this year.
Alignment Healthcare Inc (ALHC) Top Institutional Holders
The shares outstanding are 188.95M, and float is at 89.48M with Short Float at 4.50%.
Alignment Healthcare Inc (ALHC) Insider Activity
The most recent transaction is an insider sale by JOYCE CHRISTOPHER J,the company’sChief Legal and Admin. Officer. SEC filings show that JOYCE CHRISTOPHER J sold 666 shares of the company’s common stock on Jul 01 ’24 at a price of $8.00 per share for a total of $5328.0. Following the sale, the insider now owns 0.42 million shares.
Alignment Healthcare Inc disclosed in a document filed with the SEC on Jun 14 ’24 that JOYCE CHRISTOPHER J (Chief Legal and Admin. Officer) sold a total of 16,000 shares of the company’s common stock. The trade occurred on Jun 14 ’24 and was made at $8.01 per share for $0.13 million. Following the transaction, the insider now directly holds 0.42 million shares of the ALHC stock.
Still, SEC filings show that on Jun 14 ’24, MARGOLIS JEFFREY H (Director) disposed off 1,200 shares at an average price of $8.06 for $9672.0. The insider now directly holds 415,933 shares of Alignment Healthcare Inc (ALHC).
