After Hours
There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.
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Stocks Info
This NASDAQ-listed company operates within the Semiconductors industry segment, falling under the Technology sector. The current market capitalization of Allegro Microsystems Inc is $3.82B. A total of 6.26 million shares were traded on the day, compared to an average of 2.18M shares.
In the most recent transaction, Doogue Michael bought 15,000 shares of ALGM for 19.00 per share on Nov 18 ’24. After the transaction, the SVP, CTO now owns 246,086 company shares. In a previous transaction on Nov 05 ’24, Nargolwala Vineet A bought 5,000 shares at 19.89 per share. ALGM shares that President and CEO owns now total 356,113.
Among the insiders who sold shares, Sanken Electric Co., Ltd. disposed of 10,017,315 shares on Aug 07 ’24 at a per-share price of $23.16. This resulted in the 10% Owner holding 59,732,782 shares of ALGM after the transaction. In another insider transaction, Sanken Electric Co., Ltd. sold 28,750,000 shares at $23.16 per share on Jul 29 ’24. Company shares held by the 10% Owner now total 69,750,097.
Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, ALGM has a high of $33.26 and a low of $18.59.
Balance Sheet Annually/Quarterly
In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its 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 $5.09, 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 4.89.
