Alignment Healthcare Inc (NASDAQ: ALHC) is 32.75% higher on its value in year-to-date trading and has touched a low of $4.46 and a high of $14.25 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 $11.39 in the last trading session, with the day’s gains setting it 0.04%.
Currently trading at $11.43, the stock is -6.73% and -3.94% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.9 million and changing 0.35% at the moment leaves the stock 32.50% off its SMA200. ALHC registered 44.32% gain for a year compared to 6-month gain of 36.56%. The firm has a 50-day simple moving average (SMA 50) of $11.8993 and a 200-day simple moving average (SMA200) of $8.600475.
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The stock witnessed a -17.05% loss in the last 1 month and extending the period to 3 months gives it a 27.00%, and is -10.98% 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 5.15% over the week and 5.40% over the month.
Alignment Healthcare Inc (ALHC) has around 1536 employees, a market worth around $2.05B and $2.47B in sales. Profit margin for the company is -5.84%. Distance from 52-week low is 156.28% and -19.79% from its 52-week high. The company has generated returns on investments over the last 12 months (-43.27%).
The EPS is expected to grow by 13.32% this year.
Alignment Healthcare Inc (ALHC) Top Institutional Holders
195.0 institutions hold shares in Alignment Healthcare Inc (ALHC), with institutional investors hold 92.04% of the company’s shares. The shares outstanding are 191.60M, and float is at 91.96M with Short Float at 4.10%. Institutions hold 87.32% 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
The most recent transaction is an insider sale by Kim Hyong, the company’s Chief Medical Officer. SEC filings show that Kim Hyong sold 62,574 shares of the company’s common stock on Dec 05 ’24 at a price of $12.20 per share for a total of $0.76 million. Following the sale, the insider now owns 0.47 million shares.
Still, SEC filings show that on Nov 27 ’24, Kardes Hakan (Chief Experience Officer) disposed off 35,000 shares at an average price of $12.80 for $0.45 million. The insider now directly holds 320,444 shares of Alignment Healthcare Inc (ALHC).
