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 -29.20% away from its 52-week high, while its distance from the 52-week low is 26.68%. 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 2.33 million for the day, considerably higher average daily volume of 2.1 million observed over the last three months.
Allegro Microsystems Inc’s stock has seen a rocky market performance. The company’s stock achieved a 1-year high of $33.26 on 07/16/24, and the lowest price during that time was $18.59, recorded on 11/15/24.
How Financial Performance Impacts Market Capitalization
Allegro Microsystems Inc (ALGM) has experienced a quarterly decline of -0.00% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 4.33B 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 22.00, with a change in price of +0.78. Similarly, Allegro Microsystems Inc recorded 2,230,121 in trading volume during the last 100 days, posting a change of +3.44%.
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 69.09%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 47.20%. Additionally, the Stochastic %K and %D values for the company were 38.71% and 42.76%, respectively, over the past 20 days.
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. This year’s metric has recorded a Price increase of 7.73%. However, over the past six months, we’ve seen a weaker performance of 4.99%. The price of ALGM fallen by 5.65% over the last 30 days. And in the last five days, it has fallen by -5.58%.
