By Mill Chart
Last update: Sep 4, 2023
In this article we will dive into ALLEGRO MICROSYSTEMS INC (NASDAQ:ALGM) as a possible candidate for growth investing. Investors should always do their own research, but we noticed ALLEGRO MICROSYSTEMS INC showing up in our CANSLIM growth screen, which makes it worth to investigate a bit more.
ChartMill assigns a Technical Rating to every stock. This score, ranging from 0 to 10, is updated daily and is determined by evaluating multiple technical indicators and properties.
We assign a technical rating of 3 out of 10 to ALGM. Although ALGM is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Check the latest full technical report of ALGM for a complete technical analysis.
At ChartMill, a crucial aspect of their analysis is the assignment of a Fundamental Rating to each stock. This rating, ranging from 0 to 10, is calculated daily by considering numerous 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. ALGM scores excellent points on both the profitability and health parts. This is a solid base for a good stock. ALGM is valued quite expensive, but it does show an excellent growth. These ratings would make ALGM suitable for growth and quality investing!
For an up to date full fundamental analysis you can check the fundamental report of ALGM
More growth stocks can be found in our CANSLIM screen.
This article should in no way be interpreted as advice in any way. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.
ALLEGRO MICROSYSTEMS INC
NASDAQ:ALGM (11/30/2023, 9:27:48 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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