Allegro Microsystems Inc (NASDAQ:ALGM) currently has a daily average trading volume of 3.75M but it saw 2001868 shares traded in last market. With a market cap of 4.77B USD, the company’s current market price of $25.91 came falling about -1.41 while comparing to the previous closing price of $26.28. In past 52 weeks, the stock remained buoying in the range of price level as high as $33.26 and as low as $16.38.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Wells Fargo which initiated the stock as “Overweight” in its note to investors issued on November 22, 2024, recommending a price target of $23 for it. Morgan Stanley also issued its recommendations for the stock as it initiated the price target for the stock is $21.
Over the week, ALGM’s stock price is moving -4.11% down while it is 47.89% when we observe its performance for the past one month. Year-to-date it is 18.53% up and over the past year, the stock is showing a downside performance of -13.78%.
The company is expected to be releasing its next quarterly report in June, for which analysts forecasted an EPS of 0.08 while estimate for next year EPS is 0.49. In next quarter, company is expected to be making quarterly sales of $208M as analysts are expecting the sales for current fiscal year at $845.2M and seeing the company making $997.79M in sales next year. Moreover, analysts are in estimates of $197.91M for current-quarter revenue.
Currently, Allegro Microsystems Inc’s total number of outstanding shares is 184.12M with 33.47% of that held by the insiders while 86.40% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -5.73% and return on equity (ROE) at -7.09%. It has a 27.68 of forward P/E ratio. Stock’s beta reads 1.67. Stock has a price to book (P/B) ratio of 5.11 while price to sale or P/S ratio amounts to 6.58. Its return on asset (ROA) is -4.86% on average.
