Allegro Microsystems Inc (NASDAQ:ALGM) price on Thursday, May 01, fall -1.26% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $18.83.
A look at the stock’s price movement, the close in the last trading session was $19.07, moving within a range at $18.81 and $19.56. The beta value (5-Year monthly) was 1.532. Turning to its 52-week performance, $33.26 and $16.38 were the 52-week high and 52-week low respectively. Overall, ALGM moved -28.07% over the past month.
Allegro Microsystems Inc’s market cap currently stands at around $3.47 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Jan-29.
Analysts have a consensus estimate of 185.36M for the company’s revenue for the quarter, with a low and high estimate of 185M and 187.5M respectively. The average forecast suggests down to a -22.95% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 717.54M, representing a -31.62% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ALGM is a 100% Sell. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
4 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 4 recommend ALGM as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
ALGM’s current price about -4.67% and -19.59% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 40.98, while 7-day volatility ratio is 4.62% and 8.66% in the 30-day chart. Further, Allegro Microsystems Inc (ALGM) has a beta value of 1.57, and an average true range (ATR) of 1.60. Analysts have given the company’s stock an average 52-week price target of $30, forecast between a low of $30 and high of $30. Looking at the price targets, the low is -59.32% off current price level while to achieve the yearly target high, price needs to move -59.32%. Nonetheless, investors will most likely welcome a -59.32% jump to $30 which is the analysts’ median price.
If we refocus on Allegro Microsystems Inc (NASDAQ:ALGM), historical trading data shows that trading volumes averaged 3.31 over the past 10 days and 3.61 million over the past 3 months. The company’s latest data on shares outstanding shows there are 184.04 million shares.
The 33.58% of Allegro Microsystems Inc’s shares are in the hands of company insiders while institutional holders own 77.79% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 16.79 million on 2025-04-15, giving us a short ratio of 5.16. The data shows that as of 2025-04-15 short interest in Allegro Microsystems Inc (ALGM) stood at 1982.0 of shares outstanding, with shares short rising to 15.29 million registered in 2025-03-14. Current price change has pushed the stock -13.86% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ALGM stock continues to rise going into the next quarter.
