Allegro Microsystems Stock Price on December 19, 2024

ALGM Stock  USD 22.36  0.77  3.57%   
Below is the normalized historical share price chart for Allegro Microsystems extending back to October 29, 2020. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Allegro Microsystems stands at 22.36, as last reported on the 24th of December, with the highest price reaching 22.59 and the lowest price hitting 21.65 during the day.
IPO Date
29th of October 2020
200 Day MA
25.2731
50 Day MA
21.2254
Beta
1.688
 
Covid
If you're considering investing in Allegro Stock, it is important to understand the factors that can impact its price. As of now, Allegro Stock is very steady. Allegro Microsystems secures Sharpe Ratio (or Efficiency) of 0.0064, which signifies that the company had a 0.0064% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Allegro Microsystems, which you can use to evaluate the volatility of the firm. Please confirm Allegro Microsystems' Mean Deviation of 2.55, risk adjusted performance of 0.0139, and Downside Deviation of 3.36 to double-check if the risk estimate we provide is consistent with the expected return of 0.02%.
  
At this time, Allegro Microsystems' Common Stock Shares Outstanding is very stable compared to the past year. As of the 24th of December 2024, Stock Based Compensation To Revenue is likely to grow to 0.06, while Total Stockholder Equity is likely to drop about 850.3 M. . At this time, Allegro Microsystems' Price Cash Flow Ratio is very stable compared to the past year. As of the 24th of December 2024, Price Sales Ratio is likely to grow to 9.42, while Price To Free Cash Flows Ratio is likely to drop 80.89. Allegro Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.0064

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Estimated Market Risk

 3.1
  actual daily
27
73% of assets are more volatile

Expected Return

 0.02
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 0.01
  actual daily
0
Most of other assets perform better
Based on monthly moving average Allegro Microsystems is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Allegro Microsystems by adding Allegro Microsystems to a well-diversified portfolio.
Price Book
4.2379
Enterprise Value Ebitda
45.048
Price Sales
4.6739
Shares Float
121.2 M
Wall Street Target Price
28.8308

Allegro Microsystems Main Headline on 19th of December 2024

Allegros innovative technology is transforming sensing and power to enable a smarter, more efficient future...

Allegro Microsystems Valuation on December 19, 2024

It is possible to determine the worth of Allegro Microsystems on a given historical date. On December 19, 2024 Allegro was worth 21.21 at the beginning of the trading date compared to the closed value of 21.07. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Allegro Microsystems stock. Still, in general, we apply an absolute valuation method to find Allegro Microsystems' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Allegro Microsystems where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Allegro Microsystems' related companies.
 Open High Low Close Volume
  22.31    23.13    20.83    21.04    1,927,547  
12/19/2024
  21.21    21.52    20.68    21.07    2,047,965  
  20.88    21.83    20.80    21.59    8,763,679  
Backtest Allegro Microsystems  |  Allegro Microsystems History  |  Allegro Microsystems Valuation   PreviousNext  
Open Value
21.21
21.07
Closing Value
30.51
Upside

Allegro Microsystems Trading Date Momentum on December 19, 2024

On December 20 2024 Allegro Microsystems was traded for  21.59  at the closing time. The top price for the day was 21.83  and the lowest listed price was  20.80 . The trading volume for the day was 8.8 M. The trading history from December 20, 2024 was a factor to the next trading day price boost. The overall trading delta against the next closing price was 2.47% . The overall trading delta against the current closing price is 2.75% .

Allegro Microsystems Fundamentals Correlations and Trends

By evaluating Allegro Microsystems' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Allegro Microsystems' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Allegro financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Allegro Microsystems Stock history

Allegro Microsystems investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Allegro is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Allegro Microsystems will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Allegro Microsystems stock prices may prove useful in developing a viable investing in Allegro Microsystems
Last ReportedProjected for Next Year
Common Stock Shares Outstanding194.7 M210.3 M
Net Income Applicable To Common Shares215.5 M226.2 M

Allegro Microsystems Stock Technical Analysis

Allegro Microsystems technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Allegro Microsystems technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Allegro Microsystems trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Allegro Microsystems Period Price Range

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December 24, 2024
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Allegro Microsystems December 24, 2024 Market Strength

Market strength indicators help investors to evaluate how Allegro Microsystems stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Allegro Microsystems shares will generate the highest return on investment. By undertsting and applying Allegro Microsystems stock market strength indicators, traders can identify Allegro Microsystems entry and exit signals to maximize returns

Allegro Microsystems Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Allegro Microsystems' price direction in advance. Along with the technical and fundamental analysis of Allegro Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Allegro to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
When determining whether Allegro Microsystems is a strong investment it is important to analyze Allegro Microsystems' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Allegro Microsystems' future performance. For an informed investment choice regarding Allegro Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Allegro Microsystems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.
To learn how to invest in Allegro Stock, please use our How to Invest in Allegro Microsystems guide.
You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Is Semiconductors & Semiconductor Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Allegro Microsystems. If investors know Allegro will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Allegro Microsystems listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.48)
Earnings Share
(0.14)
Revenue Per Share
4.423
Quarterly Revenue Growth
(0.32)
Return On Assets
0.0304
The market value of Allegro Microsystems is measured differently than its book value, which is the value of Allegro that is recorded on the company's balance sheet. Investors also form their own opinion of Allegro Microsystems' value that differs from its market value or its book value, called intrinsic value, which is Allegro Microsystems' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Allegro Microsystems' market value can be influenced by many factors that don't directly affect Allegro Microsystems' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Allegro Microsystems' value and its price as these two are different measures arrived at by different means. Investors typically determine if Allegro Microsystems is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Allegro Microsystems' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.