Alignment Healthcare Inc (NASDAQ: ALHC) Could Achieve Gains In The Near Future

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. Recently, Yahoo Finance discussed the stock, revealing that Alignment Health Recognized as One of America’s Most Trustworthy Companies by Newsweek for Second Consecutive Year.

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Stocks Info

This NASDAQ-listed company operates within the Healthcare Plans industry segment, falling under the Healthcare sector. The current market capitalization of Alignment Healthcare Inc is $910.88M. A total of 0.98 million shares were traded on the day, compared to an average of 902.92K shares.

In the most recent transaction, Maroney Dawn Christine sold 10,151 shares of ALHC for 4.84 per share on Mar 28 ’24. After the transaction, the President, Markets now owns 1,976,097 company shares. In a previous transaction on Mar 28 ’24, Kardes Hakan sold 4,363 shares at 4.84 per share. ALHC shares that Chief Experience Officer owns now total 430,444.

Among the insiders who sold shares, Freeman Robert Thomas disposed of 4,299 shares on Mar 28 ’24 at a per-share price of $4.84. This resulted in the Chief Financial Officer holding 865,407 shares of ALHC after the transaction. In another insider transaction, Scavo Robert L. sold 1,821 shares at $4.84 per share on Mar 28 ’24. Company shares held by the Chief Information Officer now total 436,822.

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, ALHC has a high of $9.20 and a low of $4.48.

As of this writing, ALHC has an earnings estimate of -$0.22 per share for the current quarter. EPS was calculated based on a consensus of 11 estimates, with a high estimate of -$0.14 per share and a lower estimate of -$0.25. The company reported an EPS of -$0.19 in the last quarter, which was -5.60% lower than expectations of -$0.18.

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. ALHC’s latest balance sheet shows that the firm has $466.60M in Cash & Short Term Investments as of fiscal 2021. There were $157.59M in debt and $167.25M in liabilities at the time. Its Book Value Per Share was $0.83, while its Total Shareholder’s Equity was $306.06M.

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 ALHC is Buy with a score of 3.83.

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