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NASDAQ:ALHC

Alignment Healthcare (ALHC) Stock Price, News & Analysis

$7.88
0.00 (0.00%)
(As of 05/31/2024 ET)
Today's Range
$7.79
$8.03
50-Day Range
$4.47
$7.88
52-Week Range
$4.46
$9.20
Volume
2.44 million shs
Average Volume
911,162 shs
Market Capitalization
$1.51 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$9.20

Alignment Healthcare MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.82 Rating Score
Upside/​Downside
16.8% Upside
$9.20 Price Target
Short Interest
Healthy
6.04% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.99mentions of Alignment Healthcare in the last 14 days
Based on 17 Articles This Week
Insider Trading
Acquiring Shares
$496,460 Bought Last Quarter
Proj. Earnings Growth
Growing
From ($0.64) to ($0.49) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.98 out of 5 stars

Medical Sector

394th out of 924 stocks

Hospital & Medical Service Plans Industry

7th out of 11 stocks

ALHC stock logo

About Alignment Healthcare Stock (NASDAQ:ALHC)

Alignment Healthcare, Inc., a tech-enabled Medicare advantage company, operates consumer-centric health care platform for seniors in the United States. It provides customized health care designed to meet the needs of a diverse array of seniors through its Medicare advantage plans. The company was founded in 2013 and is based in Orange, California.

ALHC Stock Price History

ALHC Stock News Headlines

Alignment Healthcare (NASDAQ:ALHC) Shares Gap Up to $6.98
Alignment Healthcare (NASDAQ:ALHC) Shares Gap Up to $7.06
Q1 2024 Alignment Healthcare Inc Earnings Call
ALHC Alignment Healthcare, Inc.
Alignment Healthcare: A First Assessment
Alignment Healthcare, Inc. (ALHC)
Alignment Healthcare LLC (ALHC)
See More Headlines
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Company Calendar

Last Earnings
5/02/2024
Today
6/02/2024
Next Earnings (Estimated)
8/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Medical
Industry
Hospital & medical service plans
Sub-Industry
N/A
Current Symbol
NASDAQ:ALHC
Fax
N/A
Employees
1,536
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$9.20
High Stock Price Target
$12.00
Low Stock Price Target
$4.50
Potential Upside/Downside
+16.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.82
Research Coverage
11 Analysts

Profitability

Net Income
$-148,020,000.00
Pretax Margin
-7.82%

Debt

Sales & Book Value

Annual Sales
$1.82 billion
Book Value
$0.69 per share

Miscellaneous

Free Float
178,579,000
Market Cap
$1.51 billion
Optionable
Optionable
Beta
1.23
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ALHC Stock Analysis - Frequently Asked Questions

Should I buy or sell Alignment Healthcare stock right now?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Alignment Healthcare in the last twelve months. There are currently 1 sell rating, 2 hold ratings, 6 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" ALHC shares.
View ALHC analyst ratings
or view top-rated stocks.

What is Alignment Healthcare's stock price target for 2024?

11 Wall Street research analysts have issued twelve-month price objectives for Alignment Healthcare's shares. Their ALHC share price targets range from $4.50 to $12.00. On average, they predict the company's stock price to reach $9.20 in the next twelve months. This suggests a possible upside of 16.8% from the stock's current price.
View analysts price targets for ALHC
or view top-rated stocks among Wall Street analysts.

How have ALHC shares performed in 2024?

Alignment Healthcare's stock was trading at $8.61 at the beginning of the year. Since then, ALHC shares have decreased by 8.5% and is now trading at $7.88.
View the best growth stocks for 2024 here
.

Are investors shorting Alignment Healthcare?

Alignment Healthcare saw a decline in short interest in the month of May. As of May 15th, there was short interest totaling 5,450,000 shares, a decline of 9.0% from the April 30th total of 5,990,000 shares. Based on an average daily trading volume, of 988,300 shares, the days-to-cover ratio is currently 5.5 days. Currently, 6.0% of the shares of the company are short sold.
View Alignment Healthcare's Short Interest
.

When is Alignment Healthcare's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 1st 2024.
View our ALHC earnings forecast
.

How were Alignment Healthcare's earnings last quarter?

Alignment Healthcare, Inc. (NASDAQ:ALHC) posted its quarterly earnings results on Thursday, May, 2nd. The company reported ($0.25) EPS for the quarter, missing analysts' consensus estimates of ($0.24) by $0.01. The firm had revenue of $628.60 million for the quarter, compared to the consensus estimate of $599.75 million. Alignment Healthcare had a negative trailing twelve-month return on equity of 91.06% and a negative net margin of 7.81%. The business's quarterly revenue was up 43.1% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.20) EPS.

What ETFs hold Alignment Healthcare's stock?

ETFs with the largest weight of Alignment Healthcare (NASDAQ:ALHC) stock in their portfolio include SPDR S&P Health Care Services ETF (XHS).iShares U.S. Healthcare Providers ETF (IHF).

What guidance has Alignment Healthcare issued on next quarter's earnings?

Alignment Healthcare issued an update on its second quarter 2024 earnings guidance on Friday, May, 3rd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $625.0 million-$635.0 million, compared to the consensus revenue estimate of $608.7 million.

When did Alignment Healthcare IPO?

Alignment Healthcare (ALHC) raised $490 million in an initial public offering on Friday, March 26th 2021. The company issued 27,200,000 shares at a price of $17.00-$19.00 per share. Goldman Sachs, Morgan Stanley, J.P. Morgan, BofA Securities and William Blair acted as the underwriters for the IPO and UBS Investment Bank, Piper Sandler and Raymond James were co-managers.

Who are Alignment Healthcare's major shareholders?

Alignment Healthcare's stock is owned by many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (4.83%), Hood River Capital Management LLC (1.53%), William Blair Investment Management LLC (0.84%), Assenagon Asset Management S.A. (0.17%), Blue Trust Inc. (0.13%) and Jacobs Levy Equity Management Inc. (0.10%). Insiders that own company stock include Atlantic (Aln Hlth) L General, Christopher J Joyce, Dawn Christine Maroney, Dinesh M Kumar, Donald Steven Furman, Jeffrey H Margolis, John E Kao, Joseph S Konowiecki, Richard A Cross, Robert L Scavo, Robert Thomas Freeman and Warburg Pincus Partners Gp Llc.
View institutional ownership trends
.

How do I buy shares of Alignment Healthcare?

Shares of ALHC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:ALHC) was last updated on 6/2/2024 by MarketBeat.com Staff

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