The trading price of Alignment Healthcare Inc (NASDAQ:ALHC) closed lower on Tuesday, January 21, and closing at $14.57, -0.07% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $14.5 and $15.03. In examining the 52-week price action we see that the stock hit a 52-week high of $14.79 and a 52-week low of $4.46. Over the past month, the stock has gained 34.53% in value.
Alignment Healthcare Inc, whose market valuation is $2.79 billion at the time of this writing, is expected to release its quarterly earnings report in February. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -0.08 per share this quarter, however they have predicted annual earnings per share of -0.29 for current year and -0.09 for next year.
Analysts have forecast the company to bring in revenue of 675.61M for the current quarter, with the likely lows of 668.2M and highs of 689.4M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 2.68B.
On the technical side, indicators suggest ALHC has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned ALHC a recommendation rating is 10. Out of them, 3 rate it a Hold, while 6 recommend Buy, whereas 1 assign an Overweight rating. 0 analyst(s) have tagged Alignment Healthcare Inc (ALHC) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that ALHC’s price is currently 20.84% off the SMA20 and 20.11% off the SMA50. The RSI metric on the 14-day chart is currently showing 76.76, and weekly volatility stands at 4.76%. When measured over the past 30 days, the indicator reaches 5.38%. Alignment Healthcare Inc (NASDAQ:ALHC)’s beta value is currently sitting at 1.48, while the Average True Range indicator is currently displaying 0.66. With analysts defining $7-$12 as the low and high price targets, we arrive at a consensus price target of $11 for the trailing 12-month period. The current price is about 51.96% off the estimated low and 17.64% off the forecast high, based on this estimate. Investors will be thrilled if ALHC’s share price rises to $11, which is the median consensus price. At that level, ALHC’s share price would be 24.5% above current price.
To see how Alignment Healthcare Inc stock has been performing in comparison to its peers in the industry, here are the numbers: ALHC stock’s performance was -0.07% in the latest trading, and 95.57% in the past year.
An evaluation of the daily trading volume of Alignment Healthcare Inc (NASDAQ:ALHC) indicates that the 3-month average is 1.87 million. However, this figure has increased over the past 10 days to an average of 1.92.
Currently, records show that 191.60 million of the company’s shares remain outstanding. The insiders hold 51.88% of outstanding shares, whereas institutions hold 42.65%. The stats also highlight that short interest as of 2024-12-31, stood at 9.58 million shares, resulting in a short ratio of 5.88 at that time. From this, we can conclude that short interest is 780.00 of the company’s total outstanding shares. It is noteworthy that short shares in December were down slightly from the previous month’s figure, which was 11.11 million. However, since the stock’s price has seen 29.51% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
