Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Allegro Microsystems Inc’s current trading price is -26.32% away from its 52-week high, while its distance from the 52-week low is 31.83%. The stock’s price range during this period has varied between $18.59 and $33.26. The company, active in the Technology sector, saw a trading volume of around 1.64 million for the day, considerably lower average daily volume of 2.05 million observed over the last three months.
Allegro Microsystems Inc’s stock has had a tumultuous market performance. The 1-year high for the company’s stock was $33.26 on 07/16/24, and the lowest price during the same period was recorded at $18.59 on 11/15/24.
How Financial Performance Impacts Market Capitalization
Allegro Microsystems Inc (ALGM) has experienced a quarterly rise of 22.72% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 4.51B and boasts a workforce of 4593 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 22.01, with a change in price of +0.46. Similarly, Allegro Microsystems Inc recorded 2,169,470 in trading volume during the last 100 days, posting a change of +1.93%.
How ALGM’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to 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
As of today, the raw stochastic average of Allegro Microsystems Inc over the past 50 days is 84.26%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 76.56%. Additionally, the Stochastic %K and %D values for the company were 83.97% and 85.34%, respectively, over the past 20 days.
ALGM Stock Price Performance Analysis
The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. Year to date metric has recorded a gain of 12.11%.However, over the last six months, we can see a stronger performance of -11.40%. Over the last 30 days, the price of ALGM has fallen by 16.31%. And in the last five days, it has surged by 4.73%.
