Alger Russell Innovation ETF

Alger Russell Innovation ETF

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Market Cap$2.57B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Alger Russell Innovation ETFAlger Russell Innovation ETF-120.20.22%-20%9.10.5
$8.41

Current Fair Value

69.3% downside

Overvalued by 69.3% based on the discounted cash flow analysis.

Insider Trades

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Share Statistics

Market cap$2.57 Billion
Enterprise Value$2.70 Billion
Annual dividend$0.06
Dividend yield0.22%
Earnings per Share$-0.23
Beta0.92
Outstanding Shares93,676,000

Return

Return on Equity-20.13%ROE
Return on Assets-12.38%
Return on Invested Capital-8.88%

Valuation & Multiples

P/E Ratio-120.23P/E Ratio
PEG12.37PEG
Price to Sales9.14Price to Sales
Price to Book Ratio9.14Price to Book Ratio
Enterprise Value to Revenue9
Enterprise Value to EBIT-56.09
Enterprise Value to Net Income-38
Total Debt to Enterprise0.06
Debt to Equity0.45Debt to Equity

Revenue Sources

No data

Institutional Sentiment (Put/Call)

No data available for the latest quarter.

Institutional Ownership

No data available for the latest quarter.

About Alger Russell Innovation ETF

Under normal circumstances, the Alger Russell Innovation ETF commits a significant portion of its capital – specifically, at least 80% of its net assets, plus any borrowings for investment purposes – to the securities comprising its unde...