ALHC Stock Summary and Trading Ideas (Alignment Healthcare | NASDAQ:ALHC)

Alignment Healthcare Inc is a next-generation, consumer-centric platform that is revolutionizing the healthcare experience for seniors through Medicare Advantage plans. These plans are marketed and sold direct-to-consumer, allowing seniors to select the manner in which customers receive healthcare coverage and services on an annual basis. The company combines a technology platform and clinical model for more effective health outcomes.

Alignment Healthcare trades on the NASDAQ stock market under the symbol ALHC.

As of April 23, 2024, ALHC stock price climbed to $5.18 with 777,291 million shares trading.

ALHC has a beta of -1.36, meaning it tends to be less sensitive to market movements. ALHC has a correlation of 0.07 to the broad based SPY ETF.

ALHC has a market cap of $975.76 million. This is considered a Small Cap stock.

Last quarter Alignment Healthcare reported $465 million in Revenue and -$.25 earnings per share. This beat revenue expectation by $23 million and missed earnings estimates by -$.03.

In the last 3 years, ALHC stock traded as high as $28.59 and as low as $4.46.

The top ETF exchange traded funds that ALHC belongs to (by Net Assets): VTI, VB, IWM, VXF, VBK.

ALHC has underperformed the market in the last year with a return of -2.6%, while the SPY ETF gained +24.3%. In the last 3 month period, ALHC fell short of the market, returning -30.6%, while SPY returned +4.9%. However, in the most recent 2 weeks ALHC has outperformed the stock market by returning +7.9%, while SPY returned -2.5%.

ALHC support price is $4.84 and resistance is $5.18 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ALHC stock will trade within this expected range on the day.