During the last session, Alignment Healthcare Inc (NASDAQ:ALHC)’s traded shares were 2.77 million, with the beta value of the company hitting 1.47. At the end of the trading day, the stock’s price was $11.73, reflecting an intraday gain of 0.17% or $0.02. The 52-week high for the ALHC share is $12.36, that puts it down -5.37 from that peak though still a striking 61.98% gain since the share price plummeted to a 52-week low of $4.46. The company’s market capitalization is $2.24B, and the average intraday trading volume over the past 10 days was 1.14 million shares, and the average trade volume was 1.19 million shares over the past three months.
Alignment Healthcare Inc (ALHC) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.00. ALHC has a Sell rating from 0 analyst(s) out of 10 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 6 recommend a Buy rating for it.
Alignment Healthcare Inc (NASDAQ:ALHC) trade information
Alignment Healthcare Inc (ALHC) registered a 0.17% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 0.17% in intraday trading to $11.73, hitting a weekly high. The stock’s 5-day price performance is 11.29%, and it has moved by 17.30% in 30 days. Based on these gigs, the overall price performance for the year is 75.47%. The short interest in Alignment Healthcare Inc (NASDAQ:ALHC) is 4.42 million shares and it means that shorts have 2.55 day(s) to cover.
The consensus price target of analysts on Wall Street is $9.5, which implies a decrease of -23.47% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $7 and $12 respectively. As a result, ALHC is trading at a discount of -2.3% off the target high and 40.32% off the low.
Alignment Healthcare Inc (ALHC) estimates and forecasts
Statistics show that Alignment Healthcare Inc has outperformed its competitors in share price, compared to the industry in which it operates. Alignment Healthcare Inc (ALHC) shares have gone up 124.71% during the last six months, with a year-to-date growth rate more than the industry average at 13.92% against 7.70.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -35.06%. While earnings are projected to return 14.18% in 2024.
ALHC Dividends
Alignment Healthcare Inc is due to release its next quarterly earnings in November. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Alignment Healthcare Inc (NASDAQ:ALHC)’s Major holders
Alignment Healthcare Inc insiders own 5.25% of total outstanding shares while institutional holders control 88.21%, with the float percentage being 93.10%. GENERAL ATLANTIC, L.P. is the largest shareholder of the company, while 170.0 institutions own stock in it. As of 2024-06-30, the company held over 60.99 million shares (or 32.2707% of all shares), a total value of $476.97 million in shares.
The next largest institutional holding, with 17.92 million shares, is of WARBURG PINCUS LLC’s that is approximately 9.4827% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $140.16 million.
