After Hours
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Most recently, Yahoo Finance reported about the stock as it publicized that Allegro MicroSystems to Present at Morgan Stanley’s Technology, Media & Telecom Conference on March 4.
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Stocks Info
The company is listed on the NASDAQ and operates within the Semiconductors industry segment. The current market capitalization of Allegro Microsystems Inc. is $6.08B. A total of 1.4 million shares were traded on the day, compared to an average of 1.66M shares.
Insider Activity
Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, ALGM has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 28 BUYs and 16 SELLs from insiders. Insiders purchased 694,250 shares during that period but sold 214,830.
In the most recent transaction, Nargolwala Vineet A bought 1,000 shares of ALGM for 27.84 per share on Nov 17. After the transaction, the President and CEO now owns 302,161 company shares. In a previous transaction on Nov 14, Lynch Susan D bought 350 shares at 27.37 per share. ALGM shares that Director owns now total 16,711.
Among the insiders who bought shares, D’Antilio Derek acquired of 1,488 shares on Sep 15 at a per-share price of $33.63. This resulted in the SVP, CFO & Treasurer holding 142,899 shares of ALGM after the transaction. In another insider transaction, MARTIN JOSEPH R sold 17,000 shares at $38.73 per share on Aug 23. Company shares held by the Director now total 22,374.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for ALGM in the last 3 months, the mean price target is $38.12 with high estimates of $45.00 and low estimates of $33.00. In terms of 52-week highs and lows, ALGM has a high of $53.05 and a low of $24.66.
As of this writing, ALGM has an earnings estimate of $0.21 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $0.22 per share and a lower estimate of $0.21. The company reported an EPS of $0.4 in the last quarter, which was 8.10% higher than expectations of $0.37.
Balance Sheet Annually/Quarterly
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. ALGM’s latest balance sheet shows that the firm has $282.38M in Cash & Short Term Investments as of fiscal 2022. There were $41.45M in debt and $104.22M in liabilities at the time. Its Book Value Per Share was $5.88, while its Total Shareholder’s Equity was $735.36M.
Analysts Opinion
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ALGM is Buy with a score of 4.63.
