Alignment Healthcare Inc (NASDAQ:ALHC) shares, rose in value, with the stock price down by -14.60% to the previous day’s close as strong demand from buyers drove the stock to $16.64.
Actively observing the price movement in the recent trading, the stock is buoying the session at $19.48, falling within a range of $15.9 and $17.84. The value of beta (5-year monthly) is 1.321. Referring to stock’s 52-week performance, its high was $21.06, and the low was $4.80. On the whole, ALHC has fluctuated by -3.23% over the past month.
With the market capitalization of Alignment Healthcare Inc currently standing at about $3.19 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-26.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 3.75B, with a low estimate of 885M and a high estimate of 893.4M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 888.34M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ALHC’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of ALHC currently trading nearly -9.44% and 2.10% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 42.34, while the 7-day volatility ratio is showing 5.59% which for the 30-day chart, stands at 5.57%. Furthermore, Alignment Healthcare Inc (ALHC)’s beta value is 1.25, and its average true range (ATR) is 1.23.
A comparison of Alignment Healthcare Inc (ALHC) with its peers suggests the former has fared considerably weaker in the market. ALHC showed an intraday change of -14.60% in today’s session so far, and over the past year, it grew by 239.49%%.
Data on historical trading for Alignment Healthcare Inc (NASDAQ:ALHC) indicates that the trading volumes over the past 10 days have averaged 4.02 and over the past 3 months, they’ve averaged 2.60 million. According to company’s latest data on outstanding shares, there are 191.78 million shares outstanding.
Nearly 44.53% of Alignment Healthcare Inc’s shares belong to company insiders and institutional investors own 56.75% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 9.5 million shares as on 2025-03-31, resulting in a short ratio of 3.38. According to the data, the short interest in Alignment Healthcare Inc (ALHC) stood at 773.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 7.05 million. The stock has risen by 47.87% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ALHC stock heading into the next quarter.
