The 52-week high and low prices can offer valuable insights into a stock’s current standing and prospects for future performance. Allegro Microsystems Inc.’s current trading price is -45.77% away from its 52-week high, while its distance from the 52-week low is 16.69%. The stock’s price range for this period has been between $24.66 and $53.05 The company’s shares, which are part of the Technology sector, had a trading volume of approximately 2.13 million for the day, a number notably higher than the average daily volume of 1.74 million over the last three months.
Allegro Microsystems Inc. experienced a somewhat shaky performance in the stock market. The company’s stock reached a 1-year high of $53.05 on 07/19/23, while the lowest price for the same period was registered at $24.66 on 11/01/23.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Allegro Microsystems Inc. (ALGM) has experienced a quarterly rise of 0.77% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 5.56B and boasts a workforce of 4687 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 28.56, with a change in price of +1.22. Similarly, Allegro Microsystems Inc. recorded 1,614,077 in trading volume during the last 100 days, posting a change of +4.43%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for ALGM stands at 0.24. Similarly, the long-term debt-to-equity ratio is also 0.24.
ALGM Stock Stochastic Average
Allegro Microsystems Inc.’s raw stochastic average for the past 50 days is presently 46.24%, as of today. This marks a decrease from the raw stochastic average of the last 20 days, which was 98.81%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 55.64% and 37.77%, respectively.
ALGM Stock Price Performance Analysis
The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. Until today this year the stock’s price performance recorded a decrease of -4.96%. However, over the last six months, the performance has been weaker by 1.52%. The price of ALGM increased 8.40% over the last 30 days. And in the last five days, it has surged by 5.85%.
