With 3.09 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.72 million shares. The 52-week range on ALGM shows that it touched its highest point at $33.26 and its lowest point at $16.38 during that stretch. It currently has a 1-year price target of $26.82. Beta for the stock currently stands at 1.57.
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 ALGM was up-trending over the past week, with a rise of 14.22%, but this was down by -3.87% over a month. Three-month performance dropped to -8.03% while six-month performance rose 8.19%. The stock lost -26.28% in the past year, while it has gained 2.15% so far this year. A look at the trailing 12-month EPS for ALGM yields -0.39 with Next year EPS estimates of 0.94. For the next quarter, that number is 0.08. This implies an EPS growth rate of 114.63% for this year and 81.79% for next year.
Float and Shares Shorts:
At present, 184.12 million ALGM shares are outstanding with a float of 122.31 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ALGM since 4 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $1.4083 being high and $1.26377 being low. For ALGM, this leads to a yearly average estimate of $1.32276.
