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
Allegro Microsystems Inc. is listed on the NASDAQ as a member of the Technology sector and is a part of the Semiconductors industry. The current market capitalization of Allegro Microsystems Inc. is $3.97B. A total of 1.78 million shares were traded on the day, compared to an average of 2.67M 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.
Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, ALGM has a high of $33.26 and a low of $19.71.
Balance Sheet Annually/Quarterly
A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. 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
It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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.
