In the current trading session, Allegro Microsystems Inc’s (ALGM) stock is trading at the price of $20.03, a gain of 2.77% over last night’s close. So, the stock is trading at a price that is -39.78% less than its 52-week high of $33.26 and 7.75% better than its 52-week low of $18.59. Based on the past 30-day period, the stock price is -17.17% below the high and +7.53% above the low.
The 200-day Simple moving average is often placed more emphasis on by traders because of daily price changes. Investors will use the SMA-200 in different situations in trading activity as a key indicator to determine their support and resistance levels, and at the moment, ALGM’s SMA-200 is $26.26.
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It is also essential to consider ALGM stock ratios like the price-to-sales ratio, which is 4.34 for the last year.Likewise, its price to free cash flow for the last twelve months stands at 55.09. ALGM’s price to book ratio for the most recent quarter was 3.93, resulting in an 18.51 price to cash per share for the period.
How does Allegro Microsystems Inc (ALGM) stock rate among analysts? Buy, sell, or hold?
The key to trading is to concentrate on the future rather than on the past. During uncertain times, it can be hard to make decisions. The analysts who understand how a market works are usually the most accurate at forecasting its future. Currently, there are 9 brokerage firms that recommend the stock as a Strong Buy. The ratings are commonly aggregated into a single number between 1 and 5. Buy or strong buy is scored 5, outperform is scored 4, hold is scored 3, underperform is scored 2 and strong sell is 1. Using a scale of 1-5, the current average recommendation is 4.89 in simple terms.
Allegro Microsystems Inc (NASDAQ: ALGM) Ownership Details
I will give a breakdown of the key shareholders in Allegro Microsystems Inc (ALGM). Recent figures show that the company’s insiders hold 33.30% of shares. A total of 367 institutional investors hold shares in the company, making 78.19% of its stock and 117.23% of its float.
Sep 30, 2024, it was reported that the Company’s largest institutional holder is FMR, LLC holding total of 28.25 shares that make 15.36% of the company’s total number of shares and are currently priced at 566.21 million.
The securities firm Vanguard Group Inc holds 14.72 shares of ALGM, making it the second largest institutional shareholder. Taking this into account, the holding percentage comes to 8.00%, and the holding percentage of shares is valued at 294.98 million.
An overview of Allegro Microsystems Inc’s technicals
In order to learn about trade movements and investor behavior, it is best to analyze the short, medium, and long term technical indicators along with the average volume of a stock. A 20-day average of the stock’s daily volume suggests Allegro Microsystems Inc (ALGM) traded 1,894,083 shares per day, with a moving average of $21.10 and price change of -0.82. With the moving average of $21.52 and a price change of -1.83, about 2,222,561 shares changed hands on average over the past 50 days. Finally, ALGM’s 100-day average volume is 2,300,204 shares, alongside a moving average of $23.58 and a price change of -7.94.
