Alignment Healthcare (ALHC) Stock Forecast, Price & News

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Alignment Healthcare in the last year. There are currently 2 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" ALHC shares.
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9 Wall Street research analysts 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 twelve months. This suggests a possible upside of 114.3% from the stock's current price.
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Alignment Healthcare's stock was trading at $11.76 at the beginning of 2023. Since then, ALHC shares have decreased by 46.3% and is now trading at $6.32.
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Alignment Healthcare saw a increase in short interest in 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 trading volume of 1,210,000 shares, the short-interest ratio is currently 4.6 days. Approximately 5.9% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
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Alignment Healthcare, Inc. (NASDAQ:ALHC) released its quarterly earnings data on Thursday, November, 4th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.17) by $0.09. The firm earned $293.47 million during the quarter, compared to analyst estimates of $276.31 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 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 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 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 many different retail and institutional 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.
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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.
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One share of ALHC stock can currently be purchased for approximately $6.32.

Alignment Healthcare (NASDAQ:ALHC) has a market capitalization of $1.19 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.