- The fundamentals for ALGM are strong, with the automobile market showing no signs of turning its back on electrical vehicles.
- ALGM is weighed down by a couple of headwinds, which help explain why the stock is down and likely heading lower.
- While external factors are partially to blame, growth is nevertheless slowing down, which is not good with multiples where they are.
- ALGM still looks like a company worth betting on in the long run, but in the short run, doing so may not be such a wise move.
For further details see:
Allegro MicroSystems Is In A Tight Spot