With 1.78 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.38 million shares. 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 $28.64. Beta for the stock currently stands at 1.66.
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 8.30%, but this was up by 6.35% over a month. Three-month performance surged to 38.31% while six-month performance rose 6.23%. The stock lost -13.58% in the past year, while it has gained 21.73% so far this year. A look at the trailing 12-month EPS for ALGM yields -0.34 with Next year EPS estimates of 0.52. For the next quarter, that number is 0.05. This implies an EPS growth rate of -83.02% for this year and 128.52% for next year. EPS is expected to decline by -10.14% 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, 184.04 million ALGM shares are outstanding with a float of 122.21 million shares on hand for trading.
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.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $1.37829 being high and $1.30003 being low. For ALGM, this leads to a yearly average estimate of $1.32276. Based on analyst estimates, the high estimate for the next quarter is $0.11 and the low estimate is $0.06. The average estimate for the next quarter is thus $0.08.
