Alignment Healthcare Inc (NASDAQ: ALHC) is 19.28% 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 $10.76 in the last trading session, with the day’s loss setting it -0.49%.
Currently trading at $10.27, the stock is -13.03% and -13.72% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.09 million and changing -4.55% at the moment leaves the stock 16.21% off its SMA200. ALHC registered 23.88% gain for a year compared to 6-month gain of 41.46%. The firm has a 50-day simple moving average (SMA 50) of $11.9238 and a 200-day simple moving average (SMA200) of $8.813275.
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The stock witnessed a -7.39% loss in the last 1 month and extending the period to 3 months gives it a -10.15%, and is -7.64% 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 5.18% over the week and 5.16% over the month.
Alignment Healthcare Inc (ALHC) has around 1536 employees, a market worth around $1.97B and $2.47B in sales. Profit margin for the company is -5.84%. Distance from 52-week low is 130.27% and -27.93% from its 52-week high. The company has generated returns on investments over the last 12 months (-43.27%).
with sales reaching $675.47M over the same period.The EPS is expected to grow by 13.32% this year, but quarterly earnings will post 46.81% year-over-year. Quarterly sales are estimated to grow 45.14% in year-over-year returns.
194.0 institutions hold shares in Alignment Healthcare Inc (ALHC), with institutional investors hold 92.02% of the company’s shares. The shares outstanding are 191.60M, and float is at 92.12M with Short Float at 12.06%. Institutions hold 87.30% 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 Maroney Dawn Christine, the company’s President, Markets. SEC filings show that Maroney Dawn Christine sold 30,000 shares of the company’s common stock on Dec 16 ’24 at a price of $11.33 per share for a total of $0.34 million. Following the sale, the insider now owns 1.64 million shares.
Still, SEC filings show that on Dec 11 ’24, KAO JOHN E (Chief Executive Officer) disposed off 90,000 shares at an average price of $11.65 for $1.05 million. The insider now directly holds 2,363,100 shares of Alignment Healthcare Inc (ALHC).
