By Mill Chart
Last update: Sep 25, 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 employs a sophisticated system to assign a Technical Rating to every stock in its analysis. This rating, which ranges from 0 to 10, is determined by carefully assessing multiple technical indicators and properties.
Overall ALGM gets a technical rating of 2 out of 10. 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.
Our latest full technical report of ALGM contains the most current technical analsysis.
ChartMill employs a sophisticated system to assign a Fundamental Rating to every stock in its analysis. This rating, which ranges from 0 to 10, is determined by carefully assessing multiple fundamental indicators and properties.
We assign a fundamental rating of 7 out of 10 to ALGM. ALGM was compared to 106 industry peers in the Semiconductors & Semiconductor Equipment industry. ALGM has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. ALGM is not priced too expensively while it is growing strongly. Keep and eye on this one! With these ratings, ALGM could be worth investigating further for growth and quality investing!.
Our latest full fundamental report of ALGM contains the most current fundamental analsysis.
Our CANSLIM screen will find you more ideas suited for growth investing.
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 (2/26/2024, 7:18:28 PM)After market: 31.74 +0.02 (+0.06%)
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