NASDAQ:ALHC

Alignment Healthcare (ALHC) Stock Price, News & Analysis

$6.87
+0.09 (+1.33%)
(As of 11:56 AM ET)
Today's Range
$6.75
$7.01
50-Day Range
$4.47
$6.92
52-Week Range
$4.46
$9.20
Volume
310,573 shs
Average Volume
900,426 shs
Market Capitalization
$1.31 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$8.47

Alignment Healthcare MarketRank™ Stock Analysis

Analyst Rating
Hold
2.44 Rating Score
Upside/​Downside
21.2% Upside
$8.47 Price Target
Short Interest
Bearish
5.17% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.22mentions of Alignment Healthcare in the last 14 days
Based on 20 Articles This Week
Insider Trading
Acquiring Shares
$496,460 Bought Last Quarter
Proj. Earnings Growth
Growing
From ($0.60) to ($0.50) 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.

2.00 out of 5 stars

Medical Sector

568th out of 903 stocks

Hospital & Medical Service Plans Industry

9th 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) PT Raised to $7.00
The best inflation-proof investment
The markets are CRAZY right now. Which is why thousands of investors are flocking into one little-known company.
Q1 2024 Alignment Healthcare Inc Earnings Call
The best inflation-proof investment
The markets are CRAZY right now. Which is why thousands of investors are flocking into one little-known company.
Alignment Healthcare, Inc. (NASDAQ:ALHC) Short Interest Update
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
5/07/2024
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
$8.47
High Stock Price Target
$12.00
Low Stock Price Target
$4.50
Potential Upside/Downside
+25.0%
Consensus Rating
Hold
Rating Score (0-4)
2.44
Research Coverage
9 Analysts

Profitability

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

Debt

Sales & Book Value

Annual Sales
$1.82 billion
Book Value
$0.84 per share

Miscellaneous

Free Float
179,153,000
Market Cap
$1.29 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?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Alignment Healthcare in the last twelve months. There are currently 1 sell rating, 4 hold ratings, 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" ALHC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ALHC, but not buy additional shares or sell existing shares.
View ALHC analyst ratings
or view top-rated stocks.

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

9 analysts have issued 1 year target prices for Alignment Healthcare's stock. Their ALHC share price targets range from $4.50 to $12.00. On average, they predict the company's stock price to reach $8.47 in the next twelve months. This suggests a possible upside of 21.2% 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 2024. Since then, ALHC stock has decreased by 18.8% and is now trading at $6.99.
View the best growth stocks for 2024 here
.

Are investors shorting Alignment Healthcare?

Alignment Healthcare saw a increase in short interest in the month of April. As of April 15th, there was short interest totaling 4,690,000 shares, an increase of 19.0% from the March 31st total of 3,940,000 shares. Based on an average daily trading volume, of 901,700 shares, the short-interest ratio is presently 5.2 days. Currently, 5.2% of the company's shares are sold short.
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) announced its earnings results on Thursday, May, 2nd. The company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.24) by $0.01. The company had revenue of $628.60 million for the quarter, compared to analyst estimates 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%. Alignment Healthcare's revenue for the quarter was up 43.1% compared to the same quarter last year. During the same period last year, the business earned ($0.20) earnings per share.

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

Alignment Healthcare updated its second quarter 2024 earnings guidance on Friday, May, 3rd. The company provided earnings per share (EPS) 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 IPO on Friday, March 26th 2021. The company issued 27,200,000 shares at $17.00-$19.00 per share. Goldman Sachs, Morgan Stanley, J.P. Morgan, BofA Securities and William Blair served 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 a variety of institutional and retail investors. Top institutional investors include Assenagon Asset Management S.A. (0.17%), Blue Trust Inc. (0.13%), Allspring Global Investments Holdings LLC (0.02%), Allspring Global Investments Holdings LLC (0.02%), Fortem Financial Group LLC (0.01%) and Principal Financial Group Inc. (0.01%). 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 5/7/2024 by MarketBeat.com Staff

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