Is Alignment Healthcare Inc (NASDAQ: ALHC) the next life-changing stock to watch out for?

In the last trading session, 1.25 million Alignment Healthcare Inc (NASDAQ:ALHC) shares changed hands as the company’s beta touched 1.29. With the company’s per share price at $4.90 changed hands at $0.19 or 4.03% during last session, the market valuation stood at $926.00M. ALHC’s last price was a discount, traded about -87.76% off its 52-week high of $9.20. The share price had its 52-week low at $4.46, which suggests the last value was 8.98% up since then. When we look at Alignment Healthcare Inc’s average trading volume, we note the 3-month average coming to 876.44K.

Alignment Healthcare Inc (NASDAQ:ALHC) trade information

Instantly ALHC was in green as seen at the end of in last trading. With action 1.87%, the performance over the past five days has been green. The jump to weekly highs of 5.08 added 4.03% to the stock’s daily price. The company’s shares are showing year-to-date downside of -43.09%, with the 5-day performance at 1.87% in the green. However, in the 30-day time frame, Alignment Healthcare Inc (NASDAQ:ALHC) is -1.80% down.

Alignment Healthcare Inc (ALHC) estimates and forecasts

Data shows that the Alignment Healthcare Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -25.98% over the past 6 months, a 25.32% in annual growth rate that is considerably higher than the industry average of 13.40%. Moreover, analysts have looked to lower expectations by upgrading its fiscal year 2024 revenue estimates. The rating firms predict current quarter revenue for Alignment Healthcare Inc will fall -10.00%, while the growth in revenue is estimated to hit 26.70% for the next quarter. Year-over-year growth is forecast to reach 31.60% up from the last financial year.

Consensus estimates given by 10 financial analysts project the company’s revenue in the current quarter to hit an average of $596.38 million. 10 analysts are of the opinion that Alignment Healthcare Inc’s revenue for the quarter ending Jun 2024 will be $606.85 million. The company’s revenue for the corresponding quarters a year ago was $439.15 million and $439.03 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 35.80%. The estimates for the next quarter sales put growth at 38.20%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -35.06%. The 2024 estimates are for Alignment Healthcare Inc earnings to increase by 23.85%.