Allegro Microsystems Inc. (NASDAQ: ALGM) is 3.47% higher on its value in year-to-date trading and has touched a low of $23.64 and a high of $53.05 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ALGM stock was last observed hovering at around $32.03 in the last trading session, with the day’s loss setting it -0.71%.
Currently trading at $31.32, the stock is 7.81% and 6.85% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.98 million and changing -2.22% at the moment leaves the stock 8.75% off its SMA200. ALGM registered -32.46% loss for a year compared to 6-month gain of 15.61%.
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The stock witnessed a 4.26% loss in the last 1 month and extending the period to 3 months gives it a 15.87%, and is 2.29% 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 3.15% over the week and 3.33% over the month.
Allegro Microsystems Inc. (ALGM) has around 4593 employees, a market worth around $6.07B and $1.05B in sales. Current P/E ratio is 40.01 and Fwd P/E is 27.52. Profit margin for the company is 14.55%. Distance from 52-week low is 32.49% and -40.96% from its 52-week high. The company has generated returns on investments over the last 12 months (10.93%).
The EPS is expected to shrink by -66.63% this year
The shares outstanding are 193.16M, and float is at 89.31M with Short Float at 10.80%.
Allegro Microsystems Inc. (ALGM) Insider Activity
The most recent transaction is an insider sale by Lury Richard R., the company’s Director. SEC filings show that Lury Richard R. sold 8,500 shares of the company’s common stock on May 30 ’24 at a price of $30.00 per share for a total of $0.26 million. Following the sale, the insider now owns 23001.0 shares.
Allegro Microsystems Inc. disclosed in a document filed with the SEC on Mar 08 ’24 that Glover Max R. (SVP of Worldwide Sales) sold a total of 15,000 shares of the company’s common stock. The trade occurred on Mar 08 ’24 and was made at $31.77 per share for $0.48 million. Following the transaction, the insider now directly holds 0.24 million shares of the ALGM stock.
Still, SEC filings show that on Nov 17 ’23, Nargolwala Vineet A (President and CEO) acquired 1,000 shares at an average price of $27.84 for $27840.0. The insider now directly holds 302,161 shares of Allegro Microsystems Inc. (ALGM).
