The market performance of Allegro Microsystems Inc has been somewhat unstable. Over the past year, the company’s stock achieved a high of $33.26 on 07/16/24, with the lowest value for the same timeframe being $19.71, recorded on 11/15/24.
52-week price history of ALGM Stock
A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. Allegro Microsystems Inc’s current trading price is -43.49% away from its 52-week high, while its distance from the 52-week low is -4.64%. The stock’s price range during this period has fluctuated between $19.71 and $33.26. Shares of the company, which operates in the Technology sector, recorded a trading volume of around 0.7 million for the day, which was evidently lower than the average daily volume of 2.15 million over the last three months.
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Financial Performance and Market Capitalization
Allegro Microsystems Inc (ALGM) has experienced a quarterly decline of -26.00% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 3.46B and boasts a workforce of 4593 employees.
Moving average and trading volume data
Based on Barchart.com data, the company’s moving average over the 100-day period was 23.84, with a change in price of -9.61. Similarly, Allegro Microsystems Inc recorded 2,293,385 in trading volume during the last 100 days, posting a change of -33.77%.
ALGM Debt-to-equity ratio analysis
The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for ALGM stands at 0.45. Similarly, the long-term debt-to-equity ratio is also 0.44.
ALGM Stock Stochastic Average
Allegro Microsystems Inc’s raw stochastic average for the past 50 days is currently at 1.17%. This represents a fall from the raw stochastic average of the last 20 days, which was recorded at 1.30%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 3.75% and 10.11%, respectively.
ALGM Stock Price Performance Analysis
Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. Year to date metric has recorded a loss of -37.91%.However, over the last six months, we can see a stronger performance of -36.61%. Over the last 30 days, the price of ALGM has leaped by -8.85%. And in the last five days, it has fallen by -13.51%.
