By Mill Chart
Last update: Aug 14, 2023
Groth investors are looking for stocks showing high revenue and EPS growth. We will have a look here to see if ALLEGRO MICROSYSTEMS INC (NASDAQ:ALGM) is suited for growth investing. Investors should of couse do their own research, but we spotted ALLEGRO MICROSYSTEMS INC showing up in our CANSLIM growth screen, so it may be worth spending some more time on it.
Every day ChartMill assigns a Technical Rating to every stock. The score ranges from 0 to 10 and is determined by evaluating multiple technical indicators and properties.
Overall ALGM gets a technical rating of 1 out of 10. ALGM has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
For an up to date full technical analysis you can check the technical report of ALGM
ChartMill utilizes a proprietary algorithm to assign a Fundamental Rating to every stock. This rating, ranging from 0 to 10, is computed daily by analyzing a variety of fundamental indicators and properties.
ALGM gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 105 industry peers in the Semiconductors & Semiconductor Equipment industry. Both the health and profitability get an excellent rating, making ALGM a very profitable company, without any liquidiy or solvency issues. ALGM is valued quite expensively, but it does show have an excellent growth rating. This makes ALGM very considerable for growth and quality investing!
Our latest full fundamental report of ALGM contains the most current fundamental analsysis.
More ideas for growth investing can be found on ChartMill in our CANSLIM screen.
Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.
ALLEGRO MICROSYSTEMS INC
NASDAQ:ALGM (11/30/2023, 9:29:12 AM)
In the world of growth stocks, NASDAQ:ALGM shines as a value proposition.
A raft of semiconductor stocks fell this week after reporting in-line or better results for the third quarter but guiding well short of views.
Bulls are back in control as the major indexes confirmed the uptrend this week.
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