Allegro Microsystemsinc Stock Price on February 10, 2022
| ALGM Stock | USD 26.09 0.32 1.21% |
If you're considering investing in Allegro Stock, it is important to understand the factors that can impact its price. As of today, the current price of Allegro MicrosystemsInc stands at 26.09, as last reported on the 20th of April, with the highest price reaching 26.61 and the lowest price hitting 25.92 during the day. Allegro MicrosystemsInc secures Sharpe Ratio (or Efficiency) of -0.027, which signifies that the company had a -0.027% return per unit of risk over the last 3 months. Allegro MicrosystemsInc exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Allegro MicrosystemsInc's Risk Adjusted Performance of 0.0232, mean deviation of 2.28, and Downside Deviation of 2.74 to double-check the risk estimate we provide.
As of the 20th of April 2024, Stock Based Compensation is likely to grow to about 74.6 M, while Total Stockholder Equity is likely to drop about 771.7 M. . At this time, Allegro MicrosystemsInc's Price Earnings Ratio is very stable compared to the past year. As of the 20th of April 2024, Price Earnings To Growth Ratio is likely to grow to 0.83, while Price Book Value Ratio is likely to drop 5.78. Allegro Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Allegro |
Sharpe Ratio = -0.027
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Estimated Market Risk
| 2.93 actual daily | 25 75% of assets are more volatile |
Expected Return
| -0.08 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.03 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Allegro MicrosystemsInc 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 MicrosystemsInc by adding Allegro MicrosystemsInc to a well-diversified portfolio.
Price Book 4.5701 | Enterprise Value Ebitda 16.6387 | Price Sales 4.8074 | Shares Float 79.2 M | Wall Street Target Price 38.5 |
Allegro MicrosystemsInc Valuation on February 10, 2022
It is possible to determine the worth of Allegro MicrosystemsInc on a given historical date. On February 10, 2022 Allegro was worth 28.58 at the beginning of the trading date compared to the closed value of 28.14. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Allegro MicrosystemsInc stock. Still, in general, we apply an absolute valuation method to find Allegro MicrosystemsInc's 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 MicrosystemsInc where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Allegro MicrosystemsInc's related companies.
| Open | High | Low | Close | Volume | |
04/04/2022 | 28.58 | 28.93 | 27.77 | 28.14 | 415,200 |
| 28.03 | 28.15 | 26.38 | 26.54 | 1,160,400 |
| Backtest Allegro MicrosystemsInc | | | Allegro MicrosystemsInc History | | | Allegro MicrosystemsInc Valuation | Next |
Allegro MicrosystemsInc Trading Date Momentum on February 10, 2022
The event impact on price volatility cannot be determined at this time. Please check this event after some time to allow current data to be analyzed.Allegro MicrosystemsInc Fundamentals Correlations and Trends
By evaluating Allegro MicrosystemsInc's 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 MicrosystemsInc's 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 MicrosystemsInc Stock history
Allegro MicrosystemsInc 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 MicrosystemsInc 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 MicrosystemsInc stock prices may prove useful in developing a viable investing in Allegro MicrosystemsInc
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 222.7 M | 209.5 M | |
| Net Income Applicable To Common Shares | 215.5 M | 226.2 M |
Allegro MicrosystemsInc Stock Technical Analysis
Allegro MicrosystemsInc 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.
Price Boundaries
Allegro MicrosystemsInc Period Price Range
Low | April 4, 2022
| High |
28.58 | 28.14 |
Allegro MicrosystemsInc April 20, 2024 Market Strength
Market strength indicators help investors to evaluate how Allegro MicrosystemsInc 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 MicrosystemsInc shares will generate the highest return on investment. By undertsting and applying Allegro MicrosystemsInc stock market strength indicators, traders can identify Allegro MicrosystemsInc entry and exit signals to maximize returns
| Accumulation Distribution | 16648.19 | |||
| Daily Balance Of Power | (0.38) | |||
| Rate Of Daily Change | 0.98 | |||
| Day Median Price | 28.35 | |||
| Day Typical Price | 28.28 | |||
| Price Action Indicator | (0.43) | |||
| Period Momentum Indicator | (2.05) |
Allegro MicrosystemsInc Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Allegro MicrosystemsInc's 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.
| Risk Adjusted Performance | 0.0232 | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.31) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.0271 |
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Allegro MicrosystemsInc. Also, note that the market value of any company could be tightly coupled 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 MicrosystemsInc guide.Note that the Allegro MicrosystemsInc information on this page should be used as a complementary analysis to other Allegro MicrosystemsInc's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Complementary Tools for Allegro Stock analysis
When running Allegro MicrosystemsInc's price analysis, check to measure Allegro MicrosystemsInc's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Allegro MicrosystemsInc is operating at the current time. Most of Allegro MicrosystemsInc's value examination focuses on studying past and present price action to predict the probability of Allegro MicrosystemsInc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Allegro MicrosystemsInc's price. Additionally, you may evaluate how the addition of Allegro MicrosystemsInc to your portfolios can decrease your overall portfolio volatility.
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Is Allegro MicrosystemsInc's industry 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 MicrosystemsInc. 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 MicrosystemsInc 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 1.14 | Revenue Per Share 5.611 | Quarterly Revenue Growth 0.025 | Return On Assets 0.1118 |
The market value of Allegro MicrosystemsInc 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 MicrosystemsInc's value that differs from its market value or its book value, called intrinsic value, which is Allegro MicrosystemsInc's 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 MicrosystemsInc's market value can be influenced by many factors that don't directly affect Allegro MicrosystemsInc's 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 MicrosystemsInc's value and its price as these two are different measures arrived at by different means. Investors typically determine if Allegro MicrosystemsInc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Allegro MicrosystemsInc's 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.