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NASDAQ:ALNT

Allient (ALNT) Stock Price, News & Analysis

$20.26
-0.39 (-1.89%)
(As of 09/20/2024 ET)

About Allient Stock (NASDAQ:ALNT)

Key Stats

Today's Range
$20.23
$21.10
50-Day Range
$18.82
$29.39
52-Week Range
$18.17
$36.33
Volume
228,240 shs
Average Volume
91,029 shs
Market Capitalization
$339.88 million
P/E Ratio
13.42
Dividend Yield
0.59%
Price Target
$29.33
Consensus Rating
Moderate Buy

Company Overview

Allient Inc., together with its subsidiaries, designs, manufactures, and sells precision and specialty controlled motion components and systems for various industries in the United States, Canada, South America, Europe, and Asia-Pacific. It offers brush and brushless DC motors, brushless servo and torque motors, coreless DC motors, integrated brushless motor-drives, gearmotors, gearing, modular digital servo drives, motion controllers, optical encoders, active and passive filters, input/output modules, industrial communications gateways, light-weighting technologies, and other controlled motion-related products, as well as nano precision positioning systems, servo control systems, and digital servo amplifiers and drives. The company sells its products to end customers and original equipment manufacturers in vehicle, medical, aerospace and defense, and industrial markets through direct sales force, authorized manufacturers' representatives, and distributors. The company was formerly known as Allied Motion Technologies Inc. and changed its name to Allient Inc. in August 2023. Allient Inc. was incorporated in 1962 and is headquartered in Amherst, New York.

Allient Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks

Overall MarketRank™: 93rd Percentile

Allient scored higher than 93% of companies evaluated by MarketBeat, and ranked 85th out of 666 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Allient has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.

  • Amount of Analyst Coverage

    Allient has only been the subject of 3 research reports in the past 90 days.

  • Read more about Allient's stock forecast and price target.
  • Earnings Growth

    Earnings for Allient are expected to grow by 27.13% in the coming year, from $1.29 to $1.64 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Allient is 13.42, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.66.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Allient is 13.42, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 275.45.

  • Price to Book Value per Share Ratio

    Allient has a P/B Ratio of 1.31. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Allient's valuation and earnings.
  • Percentage of Shares Shorted

    1.33% of the float of Allient has been sold short.
  • Short Interest Ratio / Days to Cover

    Allient has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Allient has recently decreased by 12.52%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Allient has a dividend yield of 0.62%, which is in the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Allient does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Allient is 7.95%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Allient will have a dividend payout ratio of 7.32% next year. This indicates that Allient will be able to sustain or increase its dividend.

  • Read more about Allient's dividend.
  • Percentage of Shares Shorted

    1.33% of the float of Allient has been sold short.
  • Short Interest Ratio / Days to Cover

    Allient has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Allient has recently decreased by 12.52%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Allient has a news sentiment score of 0.76. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.49 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 1 news article for Allient this week, compared to 2 articles on an average week.
  • MarketBeat Follows

    2 people have added Allient to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Allient insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    15.60% of the stock of Allient is held by insiders. A high percentage of insider ownership can be a sign of company health.

  • Percentage Held by Institutions

    61.57% of the stock of Allient is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Allient's insider trading history.
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ALNT Stock News Headlines

Who are Nvidia’s New Silent Partners?
Nvidia recently became just the third $2 trillion company. But Nvidia can’t do everything by itself.
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Allient Inc. (ALNT) Q2 2024 Earnings Call Transcript
See More Headlines

ALNT Stock Analysis - Frequently Asked Questions

Allient's stock was trading at $30.21 on January 1st, 2024. Since then, ALNT stock has decreased by 32.9% and is now trading at $20.26.
View the best growth stocks for 2024 here
.

Allient Inc. (NASDAQ:ALNT) announced its quarterly earnings data on Wednesday, August, 7th. The company reported $0.29 earnings per share for the quarter, missing analysts' consensus estimates of $0.40 by $0.11. The company had revenue of $136.03 million for the quarter, compared to analysts' expectations of $137.55 million. Allient had a trailing twelve-month return on equity of 13.04% and a net margin of 3.35%.

Allient's stock reverse split on the morning of Saturday, January 1st 2000. The 1-1.5 reverse split was announced on Saturday, January 1st 2000. The number of shares owned by shareholders was adjusted after the closing bell on Monday, May 3rd 2021. An investor that had 100 shares of stock prior to the reverse split would have 67 shares after the split.

Allient's top institutional shareholders include Dimensional Fund Advisors LP (3.90%), Pinnacle Associates Ltd. (1.48%), Renaissance Technologies LLC (1.03%) and Isthmus Partners LLC (0.59%). Insiders that own company stock include Michael R Leach, Ashish Bendre and Nicole R Tzetzo.
View institutional ownership trends
.

Shares of ALNT 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.

Company Calendar

Last Earnings
8/07/2024
Ex-Dividend for 9/5 Dividend
8/22/2024
Dividend Payable
9/05/2024
Today
9/20/2024
Next Earnings (Estimated)
11/06/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Instruments to measure electricity
Sub-Industry
N/A
Current Symbol
NASDAQ:ALNT
Employees
2,287
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$29.33
High Stock Price Target
$30.00
Low Stock Price Target
$28.00
Potential Upside/Downside
+40.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$24.10 million
Pretax Margin
4.02%

Debt

Sales & Book Value

Annual Sales
$569.06 million
Cash Flow
$4.28 per share
Book Value
$15.52 per share

Miscellaneous

Free Float
14,159,000
Market Cap
$349.61 million
Optionable
Optionable
Beta
1.51
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This page (NASDAQ:ALNT) was last updated on 9/20/2024 by MarketBeat.com Staff
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