Let’s start up with the current stock price of Allegro MicroSystems Inc. (ALGM), which is $26.16 to be very precise. The Stock rose vividly during the last session to $26.60 after opening rate of $25.77 while the lowest price it went was recorded $25.61 before closing at $25.52.
Recently in News on January 4, 2021, Allegro MicroSystems to Participate in the 23rd Annual Needham Growth Conference. Allegro MicroSystems, Inc. (“Allegro”) (NASDAQ: ALGM), a global leader in sensing and power semiconductor technology, announced today that President & Chief Executive Officer, Ravi Vig, will participate in a Fireside Chat at the 23rd Annual Needham Virtual Growth Conference on January 13, 2021 at 10:45 a.m. Eastern time. You can read further details here
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Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Allegro MicroSystems Inc. shares are logging -11.26% during the 52-week period from high price, and 55.90% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $16.78 and $29.48.
The company’s shares, operating in the sector of Technology managed to top a trading volume set approximately around 618899 for the day, which was evidently lower, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Allegro MicroSystems Inc. (ALGM) recorded performance in the market was -1.88%. At the time of this writing, the total market value of the company is set at 4.75B, as it employees total of 3720 workers.
Analysts verdict on Allegro MicroSystems Inc. (ALGM)
During the last month, 0 analysts gave the Allegro MicroSystems Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for ALGM is recording 0.05 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.00.
Allegro MicroSystems Inc. (ALGM): Technical Analysis
In the last 20 days, the company’s Stochastic %K was 40.67% and its Stochastic %D was recorded 40.86%.
Let’s take a glance in the erstwhile performances of Allegro MicroSystems Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -1.88%. The shares increased approximately by 0.50% in the 7-day charts and went up by -3.54% in the period of the last 30 days.