A History of Outperforming Analyst Forecasts and Beating the Odds: Alignment Healthcare Inc (ALHC)

With 0.58 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.9 million shares. The 52-week range on ALHC shows that it touched its highest point at $9.20 and its lowest point at $4.48 during that stretch. It currently has a 1-year price target of $8.50. Beta for the stock currently stands at 1.30.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ALHC was up-trending over the past week, with a rise of 4.45%, but this was down by -17.83% over a month. Three-month performance dropped to -43.59% while six-month performance fell -30.07%. The stock lost -18.91% in the past year, while it has lost -42.74% so far this year. A look at the trailing 12-month EPS for ALHC yields -0.79 with Next year EPS estimates of -0.51. For the next quarter, that number is -0.23. This implies an EPS growth rate of 23.88% for this year and 15.03% for next year.

Float and Shares Shorts:

At present, 188.95 million ALHC shares are outstanding with a float of 89.91 million shares on hand for trading. On Mar 15, 2024, short shares totaled 4.78 million, which was 2.53% higher than short shares on Feb 15, 2024. In addition to ALEC as the firm’s Alector, Inc., ALCC serves as its AltC Acquisition Corp.

Institutional Ownership:

Through their ownership of 86.54% of ALHC’s outstanding shares, institutional investors have majority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ALHC since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.

Dividends & Yield:

In terms of dividends, ALHC has a current ratio of $––, which is $–– over the trailing 12-months, while a dividend of $–– is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and ALHC currently yields $0.00. In the past year, ALHC’s dividend yield has been $0.00, but when looking at the stock over the past five years, its yield has been $–. Accordingly, ALHC has a current buyback yield of $0.00. This was $0.00 for the TTM, and it was $– for the past five years.