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Will Allegro MicroSystems Inc (ALGM) Outperform the Rest of the Stocks in the Technology Sector?

Thursday, January 26, 2023 11:51 AM | InvestorsObserver Analysts

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Will Allegro MicroSystems Inc (ALGM) Outperform the Rest of the Stocks in the Technology Sector?

Allegro MicroSystems Inc (ALGM) is around the top of the Technology sector according to InvestorsObserver. ALGM received an overall rating of 94, which means that it scores higher than 94% of stocks. Additionally, Allegro MicroSystems Inc scored a 90 in the Technology sector, ranking it higher than 90% of stocks in that sector.

Overall Score - 94
ALGM has an Overall Score of 94. Find out what this means to you and get the rest of the rankings on ALGM!

What do These Ratings Mean?

Analyzing stocks can be hard. There are tons of numbers and ratios, and it can be hard to remember what they all mean and what counts as “good” for a given value. InvestorsObserver ranks stocks on eight different metrics. We percentile rank most of our scores to make it easy for investors to understand. A score of 94 means the stock is more attractive than 94 percent of stocks. Our proprietary scoring system captures technical factors, fundamental analysis and the opinions of analysts on Wall Street. This makes InvestorsObserver’s overall rating a great way to get started, regardless of your investing style. Percentile-ranked scores are also easy to understand. A score of 100 is the top and a 0 is the bottom. There’s no need to try to remember what is “good” for a bunch of complicated ratios, just pay attention to which numbers are the highest.

What's Happening With Allegro MicroSystems Inc Stock Today?

Allegro MicroSystems Inc (ALGM) stock is trading at $34.22 as of 11:50 AM on Thursday, Jan 26, a gain of $0.93, or 2.79% from the previous closing price of $33.29. The stock has traded between $32.94 and $34.50 so far today. Volume today is low. So far 762,495 shares have traded compared to average volume of 1,328,362 shares. Click Here to get the full Stock Report for Allegro MicroSystems Inc stock.

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