How to Buy Alignment Healthcare Stock
Alignment Healthcare Inc
Alignment Healthcare, Inc. , a tech-enabled Medicare advantage company, operates consumer-centric health care platform.
Alignment Healthcare stock last closed at $5.18, up 0% from the previous day, and has decreased 3.18% in one year. It has underperformed other stocks in the Healthcare Plans industry by 0.06 percentage points. Alignment Healthcare stock is currently +16.14% from its 52-week low of $4.46, and -43.68% from its 52-week high of $9.20.
As of Apr 24, 2024, there are 188.98M ALHC shares outstanding. The market capitalization of ALHC is $978.90M. In the last 24 hours, 591,744 ALHC shares were traded.
How to Buy Alignment Healthcare Stock
Wondering how to invest in Alignment Healthcare stock? Here's how.
- Decide where to buy Alignment Healthcare stock: You need to choose a stock brokerage, but don't worry - we've sifted through dozens of stock brokerages and apps to help you decide where to buy Alignment Healthcare stock.
- Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Put funds into your brokerage account: Select your method of payment and add your details.
- Research Alignment Healthcare stock: The Alignment Healthcare ticker symbol is ALHC. Is Alignment Healthcare stock a good investment? Should you buy shares of ALHC? How do ALHC's underlying business fundamentals look? Do top analysts think Alignment Healthcare is a good buy? Why has ALHC's stock price moved recently? (Hint: Our stock analysis website can help you figure out if ALHC is a good stock to buy).
- Place your ALHC purchase: Decide if you will purchase ALHC shares at the current market price or use a limit order to buy ALHC stock at a specific price.
- Monitor your ALHC investment: Create a watchlist to get the latest news on your new investment in Alignment Healthcare shares.
Step 1: Decide where to buy Alignment Healthcare stock
You need a brokerage account in order to access the NASDAQ market and buy ALHC stock.
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've picked your brokerage, it's time to fill out some personal info so you are able to invest in ALHC stock today.
How to Start a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to open a new brokerage account.
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Step 3: Put funds into your brokerage account
Now that you have opened your account on one of the most highly reviewed stock apps, your next step is to transfer the money for your investment:
Watch this video walkthrough for more details depositing funds into your new brokerage account.
Step 4: Research Alignment Healthcare stock
After you have chosen the best place to buy Alignment Healthcare stock, it's crucial to evaluate their stock prior to buying, so you actually understand the risk and upside.
Alignment Healthcare Metrics
Alignment Healthcare Zen Score
WallStreetZen was designed to help part-time investors perform better fundamental analysis.
You can see all of the due diligence checks on ALHC's stock page.
Is ALHC stock undervalued or overvalued?
Analysts use many financial metrics, analyses, models, and charts to gauge ALHC's fair value.
Using relative valuations metrics:
- ALHC could be overvalued based on its P/B ratio of 6.24x, relative to Healthcare Plans industry P/B ratio of 2.91x
You can do additional valuation research on ALHC's stock here.
ALHC Financial Health Summary
Pros:
- ALHC profit margin has gone up from -10.4% to -8.1% in the past year.
- There are more short-term assets than short-term liabilities on the ALHC balance sheet.
- ALHC has $318.82M in cash and short term investments. This is enough to cover its annual cash burn of $95.18M.
- There are more short-term assets than long-term liabilities on the ALHC balance sheet.
- ALHC has cash burn of 95182000. It has enough cash and short-term investments to cover this for at least one year.
Cons:
- ALHC has a relatively high debt to equity ratio of 2.76.
Do analysts think it's a good time to buy Alignment Healthcare stock
Out of 7 sell side analysts who give recommendations on ALHC, the consensus analyst rating on Alignment Healthcare is a Hold
Please keep in mind that analyst ratings are not recommendations, nor are they investment advice.
Latest ALHC Analyst Ratings
John Ransom, a top 11% analyst from Raymond James maintains ALHC with a strong buy rating and raises their ALHC price target from $10.00 to $12.00, on Jan 9, 2024.
Kevin Fischbeck, a bottom 10% analyst from Bank of America downgrades ALHC to a hold rating and announces their ALHC price target of $7.25, on Nov 2, 2023.
You can dive deeper into what analysts are projecting on the Alignment Healthcare stock forecast page.
ALHC Momentum
ALHC Revenue
Last year, ALHC revenue was $1.82B. During the past 4 year, ALHC's revenue has increased by 24.59% per year. This was faster than the Healthcare Plans industry average of 14.62%.
Find out more about ALHC's earnings and revenue performance here.
What are ALHC insiders up to?
Over the past 12 months, executives and large shareholders at ALHC have sold more shares than they have bought.
Robert Thomas Freeman, Chief Financial Officer of ALHC, was the latest ALHC insider to sell. They sold $20,807.16 worth of ALHC shares on Mar 28, 2024.
Get more info about who owns ALHC stock here.
Can I rely on ALHC as an income stream?
No, Alignment Healthcare doesn't provide an income stream by paying out dividends.
ALHC Social Trading Data
One of the primary reasons eToro is our favorite brokerage is because of its social trading community.
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Step 5: Place your ALHC purchase
You have two main order types:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are usually fine for most investors. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at an exact dollar amount limit, place a limit order.
Press the Open Trade button and your broker will execute the order.
If you need more help with buying stocks on eToro, watch the helpful video below:
Step 6: Monitor your ALHC investment
Now that you own some ALHC shares, you'll want to keep up with your new investment.
Put ALHC on a watchlist to get alerted to the latest events about your ALHC stock.
ALHC Feed
How to Buy Stock in Alignment Healthcare
To summarize, here are the 6 steps for buying Alignment Healthcare stock:
- Decide where to buy Alignment Healthcare stock
- Sign up for your brokerage account
- Put funds into your brokerage account
- Research Alignment Healthcare stock
- Place your ALHC purchase
- Monitor your ALHC investment
If you are looking for a brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you want to keep an eye on your investment in Alignment Healthcare, get started below.
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