In the last trading session, 3.28 million Allegro Microsystems Inc (NASDAQ:ALGM) shares changed hands as the company’s beta touched 1.65. With the company’s per share price at $23.49 changed hands at -$1.52 or -6.08% during last session, the market valuation stood at $4.33B. ALGM’s last price was a discount, traded about -41.59% off its 52-week high of $33.26. The share price had its 52-week low at $18.59, which suggests the last value was 20.86% up since then.
Analysts gave the Allegro Microsystems Inc (ALGM) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.25. If we narrow down to specifics, the data shows that 0 out of 4 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended ALGM as a Hold, 4 felt it is a Buy and 0 rated the stock as Underweight. Allegro Microsystems Inc’s EPS for the current quarter is expected to be 0.05.
Allegro Microsystems Inc (NASDAQ:ALGM) trade information
Instantly ALGM was in red as seen at the end of in last trading. With action -12.29%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 7.46%, with the 5-day performance at -12.29% in the red. However, in the 30-day time frame, Allegro Microsystems Inc (NASDAQ:ALGM) is -3.53% down.
The consensus price target for the stock as assigned by Wall Street analysts is 30, meaning bulls need an upside of 21.7% from its current market value. According to analyst projections, ALGM’s forecast low is 26 with 33 as the target high. To hit the forecast high, the stock’s price needs a -40.49% plunge from its current level, while the stock would need to soar -10.69% for it to hit the projected low.
Allegro Microsystems Inc (ALGM) estimates and forecasts
Year-over-year growth is forecast to reach -31.63% down from the last financial year.
Consensus estimates given by 9 financial analysts project the company’s revenue in the current quarter to hit an average of 185.36M. 9 analysts are of the opinion that Allegro Microsystems Inc’s revenue for the current quarter will be 194.05M. The company’s revenue for the corresponding quarters a year ago was 240.58M and 166.92M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -22.95%. The estimates for the next quarter sales put growth at 16.26%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 11.89%. The 2025 estimates are for Allegro Microsystems Inc earnings to decrease by -83.03%, but the outlook for the next 5-year period is at -10.58% per year.
ALGM Dividends
Allegro Microsystems Inc is expected to release its next quarterly earnings report in March.
JPMORGAN CHASE & CO holds the second largest percentage of outstanding shares, with 4.7239% or 9.14 million shares worth $258.09 million as of 2024-06-30.
