Alignment Healthcare (ALHC) Stock Forecast, Price & News

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Alignment Healthcare in the last twelve months. There are currently 2 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ALHC shares.
View ALHC analyst ratings or view top-rated stocks.

9 brokers have issued 1-year price targets for Alignment Healthcare's stock. Their ALHC share price forecasts range from $8.00 to $21.00. On average, they predict the company's stock price to reach $13.55 in the next year. This suggests a possible upside of 119.9% from the stock's current price.
View analysts price targets for ALHC or view top-rated stocks among Wall Street analysts.

Alignment Healthcare's stock was trading at $11.76 on January 1st, 2023. Since then, ALHC stock has decreased by 47.6% and is now trading at $6.16.
View the best growth stocks for 2023 here.

Alignment Healthcare saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 5,600,000 shares, an increase of 24.2% from the April 30th total of 4,510,000 shares. Based on an average daily volume of 1,210,000 shares, the short-interest ratio is currently 4.6 days. Currently, 5.9% of the shares of the stock are sold short.
View Alignment Healthcare's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our ALHC earnings forecast.

Alignment Healthcare, Inc. (NASDAQ:ALHC) announced its quarterly earnings data on Tuesday, February, 28th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.30) by $0.01. The business had revenue of $361.81 million for the quarter, compared to analysts' expectations of $341 million. Alignment Healthcare had a negative trailing twelve-month return on equity of 56.76% and a negative net margin of 9.56%.

ETFs with the largest weight of Alignment Healthcare (NASDAQ:ALHC) stock in their portfolio include SPDR S&P Health Care Services ETF (XHS), Inspire Small/Mid Cap ETF (ISMD), First Trust Small Cap Growth AlphaDEX Fund (FYC), iShares U.S. Healthcare Providers ETF (IHF) and Fidelity Blue Chip Growth ETF (FBCG).Fidelity Growth Opportunities ETF (FGRO),

Alignment Healthcare issued an update on its FY 2023 earnings guidance on Thursday, May, 4th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.71 billion-$1.74 billion, compared to the consensus revenue estimate of $1.73 billion.

(ALHC) raised $490 million in an initial public offering (IPO) 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.

Alignment Healthcare trades on the NASDAQ under the ticker symbol "ALHC."

Alignment Healthcare's stock is owned by a variety of institutional and retail investors. Top institutional investors include FMR LLC (8.94%), BlackRock Inc. (3.55%), Brown Advisory Inc. (2.00%), Hood River Capital Management LLC (1.32%), State Street Corp (1.13%) and Geode Capital Management LLC (0.94%). Insiders that own company stock include Atlantic (Aln Hlth) L General, Dawn Christine Maroney, Dinesh M Kumar, Donald Steven Furman, Jeffrey H Margolis, John E Kao, Joseph S Konowiecki, Michael Curtis Foster, Richard A Cross, Robert Thomas Freeman, Warburg Pincus Llc and Warburg Pincus Partners Gp Llc.
View institutional ownership trends.

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

One share of ALHC stock can currently be purchased for approximately $6.16.

Alignment Healthcare (NASDAQ:ALHC) has a market capitalization of $1.16 billion and generates $1.43 billion in revenue each year. The company earns $-149,550,000.00 in net income (profit) each year or ($0.79) on an earnings per share basis.

The company employs 1,037 workers across the globe.

Alignment Healthcare's mailing address is 1100 W. TOWN AND COUNTRY ROAD SUITE 1600, ORANGE CA, 92868. The official website for the company is www.alignmenthealthcare.com. The company can be reached via phone at 844-310-2247 or via email at alignmentir@westwicke.com.