ALGM Stock Forecast 

ALGM Stock Forecast 

ALGM Stock Forecast: ALGM Stock Forecast for the next 12 months is $31


Latest Stock Price

ALGM Stock Forecast: Fundamental Analysis

The market capitalization of ALGM is $5.6 and the total number of shares outstanding is 191 million. It’s earning per share for the past twelve months is $0.62.Whereas, its price-to-equity ratio is calculated to be 47.1x for the same. 

ALGM Stock Forecast: Latest News

  • Insider Selling – On 9th November, Director Joseph R. Martin, sold 16349 shares. Following that within a span of 10 days, SVP Michael Doogue sold out 35724 shares in the market. These heavy transactions create mistrust in investors with the stock’s healthy future.
  •  Launch of a Sensor for vehicle safety – “Vehicles are becoming more complex with each passing year, and the number of sensors needed in modern safety and ADAS applications is increasing rapidly. System designers are looking for options that are both flexible and robust, and the A31316 meets that need,” says Scott Milne, Business Line Director for Position Sensors. The product is designed specifically to eliminate the environmental impacts of high vibrations and dust debris in mind. 

ALGM Stock Forecast: Latest Video

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ALGM Stock Forecast: Price Prediction for the next 12 months

Average ALGM Stock Forecast for the next 12 Months$31
Mizuho$38
Wells Fargo$30
Barclays$26
Needham & Company LLC$30

ALGM Stock Forecast: Q2 Results

  • Total Revenue in Q2 ending on September 30 came to $237.6 million whereas in the previous quarter it earned a revenue of $217 million. 
  • Net Income for the same quarter is $50.6 million versus net income in previous quarter was $10.2 million.
  • EPS for this quarter is $0.26 and EBITDA has increased to a remarkable amount of $72 million.
  • Net sales for industrial segment were $48.2 million and for Automotive segment were $157.4 million.

ALGM Stock Forecast: Why is the stock increasing?

ALGM has been increasing for a month. The stock price has surged by 37.6% and the underlying motive behind such a hike is its stellar performance in its Q2 results. It is now trailing beyond 200 Days Moving Average. The launch PCB-Less 3D Magnetic Sensors has also made promises of a better scope of revenue generation ahead. Also, the company’s finance position deems to be in good condition as its long-term debt to equity is 34.41% and the financial ratio is at 1.2x whereas the industry benchmark is 1.91x. the company’s return on asset ratio is performing well valuing up to 6.3% whereas the industry average is 3.97%.

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Vineet

Vineet

Vineet Agarwal is a trained technical analyst and avid stock trader. A graduate from a Top Technology Institute, Vineet carries out extensive technical and secondary research for this authored stock forecasts.