Allegro Microsystems Inc (NASDAQ:ALGM) price on Thursday, July 03, rose 0.59% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $35.93.
A look at the stock’s price movement, the close in the last trading session was $35.72, moving within a range at $35.53 and $36.08. The beta value (5-Year monthly) was 1.669. Turning to its 52-week performance, $35.95 and $16.38 were the 52-week high and 52-week low respectively. Overall, ALGM moved 34.17% over the past month.
Allegro Microsystems Inc’s market cap currently stands at around $6.64 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-May-08.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ALGM is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
4 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 4 recommend ALGM as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
ALGM’s current price about 13.16% and 34.60% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 80.88, while 7-day volatility ratio is 3.15% and 3.49% in the 30-day chart. Further, Allegro Microsystems Inc (ALGM) has a beta value of 1.75. Analysts have given the company’s stock an average 52-week price target of $33, forecast between a low of $26 and high of $36. Looking at the price targets, the low is 27.64% off current price level while to achieve the yearly target high, price needs to move -0.19%. Nonetheless, investors will most likely welcome a 8.15% jump to $33 which is the analysts’ median price.
If we refocus on Allegro Microsystems Inc (NASDAQ:ALGM), historical trading data shows that trading volumes averaged 2.4 over the past 10 days and 2.92 million over the past 3 months. The company’s latest data on shares outstanding shows there are 184.29 million shares.
The 33.57% of Allegro Microsystems Inc’s shares are in the hands of company insiders while institutional holders own 85.47% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 12.18 million on 2025-06-13, giving us a short ratio of 6.19. The data shows that as of 2025-06-13 short interest in Allegro Microsystems Inc (ALGM) stood at 1247.9999999999998 of shares outstanding, with shares short falling to 15.07 million registered in 2025-05-15. Current price change has pushed the stock 28.64% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ALGM stock continues to rise going into the next quarter.
