Alignment Healthcare Inc (NASDAQ: ALHC) is 36.62% higher on its value in year-to-date trading and has touched a low of $4.46 and a high of $15.82 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 $15.39 in the last trading session, with the day’s loss setting it -0.02%.
Currently trading at $15.37, the stock is 10.05% and 22.72% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.72 million and changing -0.13% at the moment leaves the stock 53.82% off its SMA200. ALHC registered 129.40% gain for a year compared to 6-month gain of 78.31%. The firm has a 50-day simple moving average (SMA 50) of $12.4401 and a 200-day simple moving average (SMA200) of $9.939925.
The stock witnessed a 36.62% loss in the last 1 month and extending the period to 3 months gives it a 31.03%, and is -0.77% 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 3.88% over the week and 4.96% over the month.
Alignment Healthcare Inc (ALHC) has around 1536 employees, a market worth around $2.95B and $2.47B in sales. Profit margin for the company is -5.84%. Distance from 52-week low is 244.62% and -2.84% from its 52-week high. The company has generated returns on investments over the last 12 months (-43.27%).
with sales reaching $675.61M 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 45.17% in year-over-year returns.
Alignment Healthcare Inc (ALHC) Top Institutional Holders
197.0 institutions hold shares in Alignment Healthcare Inc (ALHC), with institutional investors hold 92.30% of the company’s shares. The shares outstanding are 191.60M, and float is at 92.47M with Short Float at 10.03%. Institutions hold 87.61% 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 Kardes Hakan, the company’s Chief Experience Officer. SEC filings show that Kardes Hakan sold 14,500 shares of the company’s common stock on Jan 24 ’25 at a price of $14.98 per share for a total of $0.22 million. Following the sale, the insider now owns 0.3 million shares.
Alignment Healthcare Inc disclosed in a document filed with the SEC on Jan 21 ’25 that Kardes Hakan (Chief Experience Officer) sold a total of 10,500 shares of the company’s common stock. The trade occurred on Jan 21 ’25 and was made at $14.99 per share for $0.16 million. Following the transaction, the insider now directly holds 0.31 million shares of the ALHC stock.
Still, SEC filings show that on Jan 21 ’25, HAKAN KARDES (Officer) Proposed Sale 25,000 shares at an average price of $14.58 for $0.36 million. The insider now directly holds shares of Alignment Healthcare Inc (ALHC).
