In last trading session, Allegro Microsystems Inc (NASDAQ:ALGM) saw 2.96 million shares changing hands with its beta currently measuring 1.50. Company’s recent per share price level of $24.94 trading at -$0.53 or -2.08% at ring of the bell on the day assigns it a market valuation of $4.59B. That closing price of ALGM’s stock is at a discount of -33.36% from its 52-week high price of $33.26 and is indicating a premium of 25.46% from its 52-week low price of $18.59. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 5.59 million shares which gives us an average trading volume of 3.02 million if we extend that period to 3-months.
For Allegro Microsystems Inc (ALGM), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.27. Splitting up the data highlights that, out of 4 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 4 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.05 in the current quarter.
Allegro Microsystems Inc (NASDAQ:ALGM) trade information
Upright in the red during last session for losing -2.08%, in the last five days ALGM remained trading in the red while hitting it’s week-highest on Thursday, 03/06/25 when the stock touched $24.94 price level, adding 15.31% to its value on the day. Allegro Microsystems Inc’s shares saw a change of 14.09% in year-to-date performance and have moved -6.87% in past 5-day. Allegro Microsystems Inc (NASDAQ:ALGM) showed a performance of 6.72% in past 30-days. Number of shares sold short was 15.2 million shares which calculate 5.05 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 28 to the stock, which implies a rise of 10.93% to its current value. Analysts have been projecting 26 as a low price target for the stock while placing it at a high target of 30. It follows that stock’s current price would drop -4.25% in reaching the projected high whereas dropping to the targeted low would mean a loss of -4.25% for stock’s current value.
Allegro Microsystems Inc (ALGM) estimates and forecasts
This year revenue growth is estimated to fall -31.63% from the last financial year’s standing.
8 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 185.35M for the same. And 7 analysts are in estimates of company making revenue of 194.31M in the next quarter. Company posted 240.58M and 166.92M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 11.89% during past 5 years. In 2025, company’s earnings growth rate is likely to be around -83.04% while estimates for its earnings growth in next 5 years are of -10.58%.
Allegro Microsystems Inc (NASDAQ:ALGM)’s Major holders
Insiders are in possession of 33.30% of company’s total shares while institution are holding 78.03 percent of that, with stock having share float percentage of 116.98%. Investors also watch the number of corporate investors in a company very closely, which is 78.03% institutions for Allegro Microsystems Inc that are currently holding shares of the company. FMR LLC is the top institutional holder at ALGM for having 19.72 million shares of worth $556.88 million. And as of 2024-06-30, it was holding 10.1929 of the company’s outstanding shares.
The second largest institutional holder is JPMORGAN CHASE & CO, which was holding about 9.14 million shares on 2024-06-30. The number of shares represents firm’s hold over 4.7239 of outstanding shares, having a total worth of $258.09 million.
