In the latest trading session,, 0.45 million Allurion Technologies Inc (NYSE:ALUR) shares changed hands as the company’s beta touched -0.34. With the company’s most recent per share price at $0.54 changed hands at -$0.17 or -24.67% at last look, the market valuation stands at $34.50M. ALUR’s current price is a discount, trading about -759.26% off its 52-week high of $4.64. The share price had its 52-week low at $0.55, which suggests the last value was -1.85% down since then. When we look at Allurion Technologies Inc’s average trading volume, we note the 10-day average is 0.12 million shares, with the 3-month average coming to 175.87K.
Analysts gave the Allurion Technologies Inc (ALUR) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended ALUR as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Allurion Technologies Inc’s EPS for the current quarter is expected to be -0.18.
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Allurion Technologies Inc (NYSE:ALUR) trade information
Instantly ALUR was in red as seen in intraday trades today. With action -27.72%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -85.70%, with the 5-day performance at -27.72% in the red. However, in the 30-day time frame, Allurion Technologies Inc (NYSE:ALUR) is -22.93% down. Looking at the short shares, we see there were 0.67 million shares sold at short interest cover period of 5.0 days.
The consensus price target for the stock as assigned by Wall Street analysts is 5, meaning bulls need an upside of 89.2% from its recent market value. According to analyst projections, ALUR’s forecast low is 5 with 5 as the target high. To hit the forecast high, the stock’s price needs a -825.93% plunge from its current level, while the stock would need to soar -825.93% for it to hit the projected low.
Allurion Technologies Inc (ALUR) estimates and forecasts
Data shows that the Allurion Technologies Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -72.14% over the past 6 months, a 84.56% in annual growth rate that is considerably higher than the industry average of 11.90%.
Consensus estimates given by 4 financial analysts project the company’s revenue in the current quarter to hit an average of 8.55M. 4 analysts are of the opinion that Allurion Technologies Inc’s revenue for the current quarter will be 10.22M.
The 2024 estimates are for Allurion Technologies Inc earnings to increase by 82.90%.
ALUR Dividends
Allurion Technologies Inc is expected to release its next quarterly earnings report on 2024-Nov-13.
Allurion Technologies Inc (NYSE:ALUR)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 24.56% of Allurion Technologies Inc shares while 34.06% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 45.15%.
