Alignment Stock Today

ALHC
 Stock
  

USD 16.39  0.09  0.55%   

Market Performance
18 of 100
Odds Of Distress
Less than 20
Alignment Healthcare is trading at 16.39 as of the 16th of August 2022, a -0.55 percent decrease since the beginning of the trading day. The stock's open price was 16.48. Alignment Healthcare has about a 20 % chance of experiencing some form of financial distress in the next two years of operation and had a somewhat solid performance during the last 90 days. Equity ratings for Alignment Healthcare are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 26th of August 2020 and ending today, the 16th of August 2022. Click here to learn more.
Fiscal Year End
December
Business Domain
Health Care Equipment & Services
IPO Date
26th of March 2021
Category
Healthcare
Classification
Health Care
ISIN
US01625V1044
Alignment Healthcare, Inc., a tech-enabled Medicare advantage company, operates consumer-centric health care platform. The company was founded in 2013 and is based in Orange, California. Alignment Healthcare operates under Healthcare Plans classification in the United States and is traded on NASDAQ Exchange. The company has 187.24 M outstanding shares of which 2.78 M shares are presently shorted by private and institutional investors with about 5.75 trading days to cover. More on Alignment Healthcare

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Follow Valuation Options Odds of Bankruptcy
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Alignment Healthcare Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. If you consider yourself one of those investors, make sure you clearly understand your entering position. Alignment Healthcare's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Alignment Healthcare or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Alignment Healthcare appears to be risky and price may revert if volatility continues
The company reported the previous year's revenue of 1.25 B. Net Loss for the year was (179.23 M) with profit before overhead, payroll, taxes, and interest of 128.73 M.
Alignment Healthcare currently holds about 448.84 M in cash with (52.31 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.4.
Alignment Healthcare has a frail financial position based on the latest SEC disclosures
Over 86.0% of the company shares are held by institutions such as insurance companies
Latest headline from www.nasdaq.com: Is Healthcare Services Group, Inc. Expensive For A Reason A Look At Its Intrinsic Value - Nasdaq
SEC FilingsAlignment Healthcare Security & Exchange Commission EDGAR Reports
Thematic Ideas
(view all).
Fama & French Classification
Average Analyst Recommendation
Analysts covering Alignment Healthcare report their recommendations after researching Alignment Healthcare's financial statements, talking to executives and customers, or listening in on Alignment Healthcare's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Alignment Healthcare. The Alignment consensus assessment is calculated by taking the average forecast from all of the analysts covering Alignment Healthcare.
Piotroski F Score
Piotroski F-Score is a popular financial indicator that puts together nine criteria to evaluate the financial strength of Alignment Healthcare based on its profitability, leverage, liquidity, source of funds, and operating efficiency. It is an academic score (developed by Joseph Piotroski in 2002) to determine the current strength of Alignment Healthcare financial position. Scores of 8 and 9 are usually classified as strong value stocks, whereas scores of 2 or below are considered weak value stocks.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares179.3 M172 M
Sufficiently Up
Increasing
Slightly volatile
Weighted Average Shares Diluted179.3 M172 M
Sufficiently Up
Increasing
Slightly volatile
Net Cash Flow from Operations(80.8 M)(78.8 M)
Fairly Down
Decreasing
Slightly volatile
Total Assets556.5 M630.9 M
Fairly Down
Increasing
Slightly volatile
Total Liabilities345.6 M324.8 M
Notably Up
Increasing
Slightly volatile
Current Assets473.3 M552.9 M
Fairly Down
Increasing
Slightly volatile
Current Liabilities175 M167.2 M
Sufficiently Up
Increasing
Slightly volatile
Total Debt169.8 M157.6 M
Significantly Up
Increasing
Slightly volatile
Gross Margin0.150.11
Significantly Up
Increasing
Slightly volatile
Asset Turnover2.061.771
Fairly Up
Decreasing
Slightly volatile
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Alignment Healthcare's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong BuyUndervalued
Financial Strength
Alignment Healthcare's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Alignment Healthcare's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Alignment Healthcare's financial leverage. It provides some insight into what part of Alignment Healthcare's total assets is financed by creditors.
Share Download
Share Download
By using current balance sheet information, investors can analyze the liability, assets, and equity on Alignment Healthcare's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Alignment Healthcare deploys its capital and how much of that capital is borrowed.
Liquidity
Alignment Healthcare cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company currently holds 158.36 M in liabilities with Debt to Equity (D/E) ratio of 0.54, which is about average as compared to similar companies. Alignment Healthcare has a current ratio of 2.84, suggesting that it is liquid enough and is able to pay its financial obligations when due. Debt can assist Alignment Healthcare until it has trouble settling it off, either with new capital or with free cash flow. So, Alignment Healthcare's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Alignment Healthcare sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Alignment to invest in growth at high rates of return. When we think about Alignment Healthcare's use of debt, we should always consider it together with cash and equity.

Operating Cash Flow

(80.85 Million)
Alignment Healthcare (ALHC) is traded on NASDAQ Exchange in USA. It is located in 1100 West Town and Country Road and employs 847 people. Alignment Healthcare is listed under Insurance category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with current market capitalization of 3.09 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Alignment Healthcare's market, we take the total number of its shares issued and multiply it by Alignment Healthcare's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities. Alignment Healthcare conducts business under Healthcare sector and is part of Healthcare Plans industry. The entity has 187.24 M outstanding shares of which 2.78 M shares are presently shorted by private and institutional investors with about 5.75 trading days to cover. Alignment Healthcare currently holds about 448.84 M in cash with (52.31 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.4.
Check Alignment Healthcare Probability Of Bankruptcy
Ownership
Alignment Healthcare retains a total of 187.24 Million outstanding shares. The majority of Alignment Healthcare outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in Alignment Healthcare to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Alignment Healthcare. Please pay attention to any change in the institutional holdings of Alignment Healthcare as this could imply that something significant has changed or about to change at the company. Remember, it does not matter who owns the company or if the company is currently losing money. If the true value of the company is more than the market pays for it currently, you can still have a good investment opportunity.

Ownership Allocation (%)

Check Alignment Ownership Details

Alignment Stock Price Odds Analysis

What are Alignment Healthcare's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of Alignment Healthcare jumping above the current price in 90 days from now is about 5.74%. The Alignment Healthcare probability density function shows the probability of Alignment Healthcare stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.5326. This suggests as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Alignment Healthcare will likely underperform. Moreover, the company has an alpha of 1.0112, implying that it can generate a 1.01 percent excess return over DOW after adjusting for the inherited market risk (beta).
  Odds Below 16.39HorizonTargetOdds Above 16.39
94.23%90 days
 16.39 
5.74%
Based on a normal probability distribution, the odds of Alignment Healthcare to move above the current price in 90 days from now is about 5.74 (This Alignment Healthcare probability density function shows the probability of Alignment Stock to fall within a particular range of prices over 90 days) .

Alignment Healthcare Historical Income Statement

Alignment Healthcare Income Statement is one of the three primary financial statements used for reporting Alignment's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Alignment Healthcare revenue and expense. Alignment Healthcare Income Statement primarily focuses on the company's revenues and expenses during a particular period.
View More Fundamentals

Alignment Stock Against Markets

Picking the right benchmark for Alignment Healthcare stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Alignment Healthcare stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Alignment Healthcare is critical whether you are bullish or bearish towards Alignment Healthcare at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Alignment Healthcare without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Invested in Alignment Healthcare?

You need to understand the risk of investing before taking a position in Alignment Healthcare. The danger of trading Alignment Healthcare is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Alignment Healthcare is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Alignment Healthcare. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Alignment Healthcare is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Please continue to Trending Equities. Note that the Alignment Healthcare information on this page should be used as a complementary analysis to other Alignment Healthcare's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.

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When running Alignment Healthcare price analysis, check to measure Alignment Healthcare's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Alignment Healthcare is operating at the current time. Most of Alignment Healthcare's value examination focuses on studying past and present price action to predict the probability of Alignment Healthcare's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Alignment Healthcare's price. Additionally, you may evaluate how the addition of Alignment Healthcare to your portfolios can decrease your overall portfolio volatility.
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Is Alignment Healthcare's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Alignment Healthcare. If investors know Alignment will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Alignment Healthcare listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
3.1 B
Quarterly Revenue Growth YOY
0.19
Return On Assets
-0.12
Return On Equity
-0.46
The market value of Alignment Healthcare is measured differently than its book value, which is the value of Alignment that is recorded on the company's balance sheet. Investors also form their own opinion of Alignment Healthcare's value that differs from its market value or its book value, called intrinsic value, which is Alignment Healthcare's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Alignment Healthcare's market value can be influenced by many factors that don't directly affect Alignment Healthcare's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Alignment Healthcare's value and its price as these two are different measures arrived at by different means. Investors typically determine Alignment Healthcare value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alignment Healthcare's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.