By Mill Chart
Last update: Oct 13, 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 strong growth, ready to breakout screen, which makes it worth to investigate a bit more.
To evaluate a stock's growth potential, ChartMill utilizes a Growth Rating on a scale of 0 to 10. This comprehensive assessment considers various growth aspects, including historical and estimated EPS and revenue growth. NASDAQ:ALGM has achieved a 8 out of 10:
To gauge a stock's financial health, ChartMill utilizes a Health Rating on a scale of 0 to 10. This comprehensive evaluation encompasses liquidity and solvency, both in absolute terms and in comparison to industry peers. NASDAQ:ALGM has earned a 8 out of 10:
Discover ChartMill's exclusive Profitability Rating, a proprietary metric that assesses stocks on a scale of 0 to 10. It takes into consideration various profitability ratios and margins, both in absolute terms and relative to industry peers. Notably, NASDAQ:ALGM has achieved a 8:
Next to the Technical Rating, the Setup Rating of a stock determines to which extend the stock is consolidating. This score also ranges from 0 to 10 and is updated daily. The setup score evaluates various short term technical indicators. For NASDAQ:ALGM this score is currently 7:
Although the technical rating is bad, ALGM does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.
Every day, new Strong Growth stocks can be found on ChartMill in our Strong Growth screener.
For an up to date full fundamental analysis you can check the fundamental report of ALGM
Our latest full technical report of ALGM contains the most current technical analsysis.
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%)
These 3 transformative mid-cap stocks are set to benefit from the AI revolution, and discerning investors cannot miss this opportunity.
Power-Dense Sensors Designed to Minimize Energy Loss While Improving Efficiency and Reliability for SiC and GaN Technologies
Power-Dense Sensors Designed to Minimize Energy Loss While Improving Efficiency and Reliability for SiC and GaN Technologies...
The Dow led the major indexes higher. Big techs diverged on results.
Microchip Technology followed a familiar pattern for many semiconductor stocks this earnings season. It guided lower for the March quarter.
Allegro MicroSystems was upgraded to Outperform from Peer Perform by Wolfe Research on Friday despite a lower-than-expected outlook. Read more here.
Allegro MicroSystems shares soared following the pre-market release of its third-quarter 2024 results Thursday. Read more here.