Allegro Microsystems Inc experienced a rather shaky stock market performance. The highest value in the past year was recorded at $33.26 on 07/16/24 and the lowest value was $18.59 on 11/15/24.
52-week price history of ALGM Stock
Studying a stock’s 52-week price history, which includes both low and high prices, can help gauge its current status and potential future performance. Allegro Microsystems Inc’s current trading price is -27.84% away from its 52-week high, while its distance from the 52-week low is 29.10%. The stock’s price range during the 52-week period has remained between $18.59 and $33.26. In the Technology sector, the company’s shares saw a trading volume of around 1.31 million for the day, which was evidently lower than the average daily volume of 2.2 million over the past three months.
Market Capitalization and Financial Performance: An In-Depth Look
Allegro Microsystems Inc (ALGM) has experienced a quarterly rise of 16.28% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 4.42B and boasts a workforce of 4593 employees.
Making Sense of Trading Volume and Moving Average Data
Based on Barchart.com data, the company’s moving average over the 100-day period was 22.15, with a change in price of +1.76. Similarly, Allegro Microsystems Inc recorded 2,273,111 in trading volume during the last 100 days, posting a change of +7.84%.
Examining ALGM’s Debt-to-Equity Ratio: What You Need to Know
The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for ALGM stands at 0.43. Similarly, the long-term debt-to-equity ratio is also 0.42.
ALGM Stock Stochastic Average
As of today, Allegro Microsystems Inc’s raw stochastic average for the last 50 days stands at 72.41%. This is a rise compared to the raw stochastic average of the previous 20 days, which was noted at 66.67%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 76.33% and 69.03%, 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. The index has shown a price gain of 9.79% this year. Over the last six months, there has been a weaker performance of 17.19%. The price of ALGM leaped by -1.56% during the last 30 days period. For the last 5-days stocks have slided -0.37%.
