Alignment Healthcare Inc (NASDAQ: ALHC) is 30.78% higher on its value in year-to-date trading and has touched a low of $4.46 and a high of $12.36 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 ALHC stock was last observed hovering at around $11.05 in the last trading session, with the day’s gains setting it 0.21%.
Currently trading at $11.26, the stock is 8.88% and 17.89% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.47 million and changing 1.90% at the moment leaves the stock 50.64% off its SMA200. ALHC registered 66.57% gain for a year compared to 6-month gain of 139.57%. The firm has a 50-day simple moving average (SMA 50) of $9.5792 and a 200-day simple moving average (SMA200) of $7.49145.
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The stock witnessed a 19.53% loss in the last 1 month and extending the period to 3 months gives it a 48.35%, and is -1.05% down 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 4.43% over the week and 6.46% over the month.
Alignment Healthcare Inc (ALHC) has around 1536 employees, a market worth around $2.15B and $2.23B in sales. Profit margin for the company is -6.85%. Distance from 52-week low is 152.47% and -8.90% from its 52-week high. The company has generated returns on investments over the last 12 months (-44.46%).
The EPS is expected to grow by 14.78% this year
168.0 institutions hold shares in Alignment Healthcare Inc (ALHC), with institutional investors hold 93.03% of the company’s shares. The shares outstanding are 188.95M, and float is at 87.23M with Short Float at 5.45%. Institutions hold 88.14% of the Float.
The top institutional shareholder in the company is GENERAL ATLANTIC, L.P. with over 60.99 million shares valued at $476.97 million. The investor’s holdings represent 32.2707 of the ALHC Shares outstanding. As of 2024-06-30, the second largest holder is WARBURG PINCUS LLC with 17.92 million shares valued at $140.16 million to account for 9.4827 of the shares outstanding. The other top investors are FMR LLC which holds 17.19 million shares representing 9.0943 and valued at over $134.42 million, while DEERFIELD MANAGEMENT COMPANY, L.P. (SERIES C) holds 5.7678 of the shares totaling 10.9 million with a market value of $85.25 million.
Alignment Healthcare Inc (ALHC) Insider Activity
Alignment Healthcare Inc disclosed in a document filed with the SEC on Sep 16 ’24 that Maroney Dawn Christine (President, Markets) sold a total of 30,000 shares of the company’s common stock. The trade occurred on Sep 16 ’24 and was made at $11.70 per share for $0.35 million. Following the transaction, the insider now directly holds 1.76 million shares of the ALHC stock.
Still, SEC filings show that on Sep 17 ’24, KONOWIECKI JOSEPH S (Director) disposed off 16,413 shares at an average price of $11.77 for $0.19 million. The insider now directly holds 1,141,808 shares of Alignment Healthcare Inc (ALHC).
