Why Is Allegro MicroSystems, Inc. (ALGM) Stock Up Today?
Live update on ALGM's stock movement with key data on price change, volume, technical indicators, sector trends, and analyst sentiment.
Allegro MicroSystems, Inc. (ALGM)
Summary
Allegro MicroSystems, Inc. (ALGM) is trading up +0.96% at $53.62, reflecting a positive shift in investor sentiment today. The stock opened at $51.02 and has moved between $50.00 and $54.40 so far.
Trading volume is 2089760, which is 4% below its average, and the price action suggests buying interest.
Technically, ALGM is trading above its 50-day moving average of $42.03 and above its 200-day moving average of $33.65, indicating short-term and long-term strength.
Analyst sentiment is bullish. Meyka's AI assigns ALGM a grade of B (Overall moderate), reflecting its assessment of fundamentals and sentiment. Forecast models project potential returns of -40.32% in 1 month ($32.00), -48.96% in 1 year ($27.37), and -55.12% in 5 years ($24.06).
View the full chart, check forecasting details, or see the AI grade breakdown to explore what's driving this stock's movement.
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ALGM Technical Signals
Trading over 50-day moving average ($42.03)
Trading over 200-day moving average ($33.65)
Analyst Recommendations
Price Forecast
1 Month
$32.00
1 Year
$27.37
3 Years
$25.74
5 Years
$24.06
Is this change significant?
5-Day:+4.60%
1-Month:+8.37%
3-Month:+57.38%
What's next?
Next earnings date: 7/30/2025