Alignment Healthcare Inc (ALHC): A Case For Going Higher

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility.

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Stocks Info

ALHC belongs to the Healthcare sector of the NASDAQ while operating in the Healthcare Plans industry. The current market capitalization of Alignment Healthcare Inc is $1.34B. A total of 0.65 million shares were traded on the day, compared to an average of 1.04M 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.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, ALHC has a high of $9.20 and a low of $4.46.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. 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 $0.68, while its Total Shareholder’s Equity was $306.06M.

Analysts Opinion

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. 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 4.00.

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