After Hours
There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. The stock was recently discussed on Yahoo Finance as it revealed that Allegro MicroSystems to Present at Morgan Stanley’s Technology, Media & Telecom Conference on March 4.
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Stocks Info
This NASDAQ-listed company operates within the Semiconductors industry segment, falling under the Technology sector. At the end of the last regular session, the stock closed at $30.25 and fluctuated between $31.11 as its day high and $29.80 as its day low. The current market capitalization of Allegro Microsystems Inc. is $5.84B. A total of 1.34 million shares were traded on the day, compared to an average of 1.79M shares.
In the most recent transaction, Glover Max R. sold 15,000 shares of ALGM for 31.77 per share on Mar 08 ’24. After the transaction, the SVP of Worldwide Sales now owns 244,625 company shares. In a previous transaction on Nov 17 ’23, Nargolwala Vineet A bought 1,000 shares at 27.84 per share. ALGM shares that President and CEO owns now total 302,161.
Among the insiders who bought shares, Lynch Susan D acquired of 350 shares on Nov 14 ’23 at a per-share price of $27.37. This resulted in the Director holding 16,711 shares of ALGM after the transaction. In another insider transaction, D’Antilio Derek bought 1,488 shares at $33.63 per share on Sep 15 ’23. Company shares held by the SVP, CFO & Treasurer now total 142,899.
Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. 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
In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. 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
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. 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.
