After Hours
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities.
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Stocks Info
As a NASDAQ listed company, ALGM falls under the Technology sector while operating within the Semiconductors industry segment. The current market capitalization of Allegro Microsystems Inc. is $5.38B. A total of 5.25 million shares were traded on the day, compared to an average of 1.90M shares.
In the most recent transaction, Sanken Electric Co., Ltd. sold 28,750,000 shares of ALGM for 23.16 per share on Jul 29 ’24. After the transaction, the 10% Owner now owns 69,750,097 company shares. In a previous transaction on May 30 ’24, Lury Richard R. sold 8,500 shares at 30.00 per share. ALGM shares that Director owns now total 23,001.
Among the insiders who sold shares, Glover Max R. disposed of 15,000 shares on Mar 08 ’24 at a per-share price of $31.77. This resulted in the SVP of Worldwide Sales holding 244,625 shares of ALGM after the transaction. In another insider transaction, Nargolwala Vineet A bought 1,000 shares at $27.84 per share on Nov 17 ’23. Company shares held by the President and CEO now total 302,161.
In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, ALGM has a high of $49.64 and a low of $22.31.
Balance Sheet Annually/Quarterly
The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. ALGM’s latest balance sheet shows that the firm has $282.38M in Cash & Short Term Investments as of fiscal 2022. There were $41.45M in debt and $104.22M in liabilities at the time. Its Book Value Per Share was $5.85, while its Total Shareholder’s Equity was $735.36M.
Analysts Opinion
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ALGM is Buy with a score of 4.88.
