The stock price performance over the year has been a mixed bag, resulting in a range of outlooks from optimistic to pessimistic depending on the observer. The index has shown a price gain of 19.92% this year. Over the last six months, there has been a weaker performance of 21.25%. The price of ALGM fallen by 7.04% during the last 30 days period. For the last 5-days stocks have slided -7.40%.
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.
52-week price history of ALGM Stock
A stock’s 52-week price history, including the low and high prices, can offer valuable insights into its current standing and future prospects. Allegro Microsystems Inc’s current trading price is -21.18% away from its 52-week high, while its distance from the 52-week low is 41.02%. The stock’s price range over this timeframe has been between $18.59 and $33.26. The shares of the Technology sector company recorded a trading volume of approximately 1.53 million for the day, which was comparatively lower than the average daily volume of 3.05 million over the last three months.
The Connection Between Financial Performance and Market Capitalization
Allegro Microsystems Inc (ALGM) has experienced a quarterly rise of 22.73% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 4.83B and boasts a workforce of 4593 employees.
How Moving Averages and Trading Volume Data Work Together
Based on Barchart.com data, the company’s moving average over the 100-day period was 22.89, with a change in price of +5.76. Similarly, Allegro Microsystems Inc recorded 2,586,681 in trading volume during the last 100 days, posting a change of +28.11%.
ALGM’s Debt-to-Equity Ratio: A Comprehensive Review
A key metric for assessing a company’s financial well-being and market status is the debt-to-equity (D/E) ratio. This ratio is derived by dividing a company’s total liabilities by its shareholders’ equity, and it demonstrates the level of debt a company uses to support its assets relative to shareholder 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
The raw stochastic average for Allegro Microsystems Inc over the last 50 days is presently at 62.89%. This reflects a surge from the raw stochastic average of the previous 20 days, which was noted at 61.70%. Further, the company’s Stochastic %K and %D values for the last 20 days were 53.10% and 54.49%, respectively.
