After Hours
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.
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Stocks Info
The company is listed on the NASDAQ and operates within the Semiconductors industry segment. The current market capitalization of Allegro Microsystems Inc. is $4.67B. A total of 1.14 million shares were traded on the day, compared to an average of 2.04M shares.
In the most recent transaction, Sanken Electric Co., Ltd. sold 10,017,315 shares of ALGM for 23.16 per share on Aug 07 ’24. After the transaction, the 10% Owner now owns 59,732,782 company shares. In a previous transaction on Jul 29 ’24, Sanken Electric Co., Ltd. sold 28,750,000 shares at 23.16 per share. ALGM shares that 10% Owner owns now total 69,750,097.
Among the insiders who sold shares, Lury Richard R. disposed of 8,500 shares on May 30 ’24 at a per-share price of $30.00. This resulted in the Director holding 23,001 shares of ALGM after the transaction. In another insider transaction, Glover Max R. sold 15,000 shares at $31.77 per share on Mar 08 ’24. Company shares held by the SVP of Worldwide Sales now total 244,625.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, ALGM has a high of $39.93 and a low of $20.42.
As of this writing, ALGM has an earnings estimate of $0.06 per share for the current quarter. EPS was calculated based on a consensus of 7.0 estimates, with a high estimate of $0.07 per share and a lower estimate of $0.06.
Balance Sheet Annually/Quarterly
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. 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 $5.72, while its Total Shareholder’s Equity was $735.36M.
Analysts Opinion
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. 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.
