With 2.64 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.96 million shares. During the session, the Semiconductors company that operates in wider Technology sector, reached to the highest price of $25.61 whereas the lowest price it dropped to was $24.3. The 52-week range on ALGM shows that it touched its highest point at $33.26 and its lowest point at $18.59 during that stretch. It currently has a 1-year price target of $27.36. Beta for the stock currently stands at 1.65.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ALGM was up-trending over the past week, with a rise of 12.97%, but this was up by 17.04% over a month. Three-month performance surged to 15.82% while six-month performance fell -21.58%. The stock lost -9.05% in the past year, while it has gained 11.53% so far this year. A look at the trailing 12-month EPS for ALGM yields -0.13 with Next year EPS estimates of 0.63. For the next quarter, that number is 0.06. This implies an EPS growth rate of -81.03% for this year and 145.39% for next year. EPS is expected to decline by -3.95% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 11.89%.
Float and Shares Shorts:
At present, 183.98 million ALGM shares are outstanding with a float of 122.37 million shares on hand for trading. On 2024-12-13, short shares totaled 11.4 million, which was 619.0 higher than short shares on 1731628800. In addition to Mr. Derek P. D’Antilio as the firm’s Executive VP, CFO & Treasurer, Mr. Michael C. Doogue serves as its Senior VP & CTO.
Institutional Ownership:
Through their ownership of 0.78217006 of ALGM’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-27, ALGM reported revenue of $187391000.0 and operating income of $4067000.0. The EBITDA in the recently reported quarter was $18019000.0 and diluted EPS was -$0.18.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ALGM since 4 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With ALGM analysts setting a high price target of 50.0 and a low target of 21.0, the average target price over the next 12 months is 28.83077. Based on these targets, ALGM could surge 105.09% to reach the target high and fall by -13.86% to reach the target low. Reaching the average price target will result in a growth of 18.26% from current levels.
Analysts have provided yearly estimates in a range of $1.58035 being high and $1.25478 being low. For ALGM, this leads to a yearly average estimate of $1.32276.
