With 2.46 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.69 million shares. The 52-week range on ALHC shows that it touched its highest point at $15.82 and its lowest point at $4.46 during that stretch. It currently has a 1-year price target of $14.00. Beta for the stock currently stands at 1.53.
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 ALHC was down-trending over the past week, with a drop of -0.37%, but this was down by -6.45% over a month. Three-month performance surged to 22.90% while six-month performance rose 54.19%. The stock gained 112.64% in the past year, while it has gained 21.16% so far this year. A look at the trailing 12-month EPS for ALHC yields -0.76 with Next year EPS estimates of -0.53. For the next quarter, that number is -0.19. This implies an EPS growth rate of 13.57% for this year and 21.67% for next year. EPS is expected to grow by 21.13% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -35.06%.
Float and Shares Shorts:
At present, 191.60 million ALHC shares are outstanding with a float of 109.78 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 ALHC since 10 analysts follow the stock currently. There are 6 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 1 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 -$0.64453 being high and -$0.72509 being low. For ALHC, this leads to a yearly average estimate of -$0.68481. Based on analyst estimates, the high estimate for the next quarter is -$0.1 and the low estimate is -$0.1. The average estimate for the next quarter is thus -$0.1.
