At the end of the latest market close, Alignment Healthcare Inc. (ALHC) was valued at $20.69. In that particular session, Stock kicked-off at the price of $20.56 while reaching the peak value of $20.75 and lowest value recorded on the day was $17.40. The stock current value is $18.12.Recently in News on November 23, 2021, Alignment Healthcare Announces Closing of Secondary Offering. Alignment Healthcare, Inc. (“Alignment Healthcare” or the “Company”), a mission-based, tech-enabled Medicare Advantage company, today announced the closing of its previously announced underwritten public offering of 9,200,000 shares of its common stock by certain selling stockholders at $21.00 per share, including the exercise in full of the underwriters’ option to purchase 1,200,000 additional shares of common stock at the public offering price, less underwriting discounts and commissions. The Company will not receive any of the proceeds from the sale of the shares of its common stock by the selling stockholders, and the selling stockholders will bear the costs associated with the sale of such shares, including underwriting discounts and commissions. You can read further details here
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, Alignment Healthcare Inc. shares are logging -36.63% during the 52-week period from high price, and 20.80% 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 $15.00 and $28.59.
The company’s shares, operating in the sector of Healthcare managed to top a trading volume set approximately around 1983107 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Alignment Healthcare Inc. (ALHC) recorded performance in the market was 4.68%, having the revenues showcasing 1.97% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 3.39B, as it employees total of 775 workers.
Market experts do have their say about Alignment Healthcare Inc. (ALHC)
During the last month, 5 analysts gave the Alignment Healthcare Inc. a BUY rating, 1 of the polled analysts branded the stock as an OVERWEIGHT, 2 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 19.36, with a change in the price was noted -4.80. In a similar fashion, Alignment Healthcare Inc. posted a movement of -20.94% for the period of last 100 days, recording 449,807 in trading volumes.
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 ALHC is recording 0.46 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.46.
Technical breakdown of Alignment Healthcare Inc. (ALHC)
Raw Stochastic average of Alignment Healthcare Inc. in the period of last 50 days is set at 37.37%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 12.10%. In the last 20 days, the company’s Stochastic %K was 39.40% and its Stochastic %D was recorded 53.69%.
Bearing in mind the latest performance of Alignment Healthcare Inc., several moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 4.68%. The shares increased approximately by -20.70% in the 7-day charts and went down by -8.99% in the period of the last 30 days. Common stock shares were driven by 1.97% during last recorded quarter.