Alithya Group Inc. (ALYAF) Hit a 52 Week High, Can the Run Continue?

Company Performance - Alithya Group (ALYAF) shares have increased by 4.4% over the past month, reaching a new 52-week high of $1.91, and have gained 82.6% since the start of the year, outperforming the Zacks Business Services sector (2.2%) and the Zacks Technology Services industry (13.3%) [1] - The company has a strong record of positive earnings surprises, beating the Zacks Consensus Estimate in each of the last four quarters, with the latest EPS reported at $0.08 against a consensus estimate of $0.03 [2] - For the current fiscal year, Alithya is expected to post earnings of $0.21 per share on revenues of $363.01 million, reflecting no change in EPS and a 6.73% increase in revenues. For the next fiscal year, earnings are projected to be $0.28 per share on revenues of $381.28 million, indicating a year-over-year change of 33.33% in EPS and 5.03% in revenues [3] Valuation Metrics - Alithya has a Value Score of A, a Growth Score of A, and a Momentum Score of D, resulting in a combined VGM Score of A, indicating strong value potential [6] - The stock trades at 9.1X current fiscal year EPS estimates, significantly lower than the peer industry average of 21.3X. On a trailing cash flow basis, it trades at 4.3X compared to the peer group's average of 12.9X, with a PEG ratio of 0.65, positioning it favorably for value investors [7] Zacks Rank - Alithya currently holds a Zacks Rank of 2 (Buy) due to rising earnings estimates, making it a suitable choice for investors looking for stocks with strong potential [8] Industry Comparison - The Technology Services industry is performing well, ranking in the top 34% of all industries, providing favorable conditions for both Alithya and its peer, Coherent Corp. (COHR), which has a Zacks Rank of 1 (Strong Buy) [9][11]