During the last session, Allurion Technologies Inc (NYSE:ALUR)’s traded shares were 0.56 million, with the beta value of the company hitting -0.44. At the end of the trading day, the stock’s price was $0.43, reflecting an intraday loss of -15.85% or -$0.08. The 52-week high for the ALUR share is $4.24, that puts it down -886.05 from that peak though still a striking 27.91% gain since the share price plummeted to a 52-week low of $0.31. The company’s market capitalization is $27.73M, and the average intraday trading volume over the past 10 days was 0.54 million shares, and the average trade volume was 239.42K shares over the past three months.
Allurion Technologies Inc (ALUR) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.50. ALUR has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.24.
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Allurion Technologies Inc (NYSE:ALUR) trade information
Allurion Technologies Inc (ALUR) registered a -15.85% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -15.85% in intraday trading to $0.43, hitting a weekly high. The stock’s 5-day price performance is 25.34%, and it has moved by -40.29% in 30 days. Based on these gigs, the overall price performance for the year is -88.25%. The short interest in Allurion Technologies Inc (NYSE:ALUR) is 0.67 million shares and it means that shorts have 5.0 day(s) to cover.
The consensus price target of analysts on Wall Street is $5, which implies an increase of 91.4% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $5 and $5 respectively. As a result, ALUR is trading at a discount of -1062.79% off the target high and -1062.79% off the low.
Allurion Technologies Inc (ALUR) estimates and forecasts
Statistics show that Allurion Technologies Inc has outperformed its competitors in share price, compared to the industry in which it operates. Allurion Technologies Inc (ALUR) shares have gone down -73.63% during the last six months, with a year-to-date growth rate more than the industry average at 84.17% against 11.50. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 40.83% this quarter and then drop -187.88% in the quarter after that. In the rating firms’ projections, revenue will decrease -40.03% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 5.57M as predicted by 3 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to 7.3M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 8.23M and 9.39M respectively. In this case, analysts expect current quarter sales to shrink by -32.40% and then drop by -22.22% in the coming quarter.
While earnings are projected to return 82.36% in 2024.
ALUR Dividends
Allurion Technologies Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Allurion Technologies Inc (NYSE:ALUR)’s Major holders
Allurion Technologies Inc insiders own 26.03% of total outstanding shares while institutional holders control 31.01%, with the float percentage being 41.93%.
Also, the Mutual Funds coming in first place with the largest holdings of Allurion Technologies Inc (ALUR) shares are Vanguard Extended Market Index Fund and Fidelity Extended Market Index Fund . Data provided on Jun 30, 2024 indicates that Vanguard Extended Market Index Fund owns about 505.2 shares. This amounts to just over 0.78 percent of the company’s overall shares, with a $0.22 million market value. The same data shows that the other fund manager holds slightly less at 302.55, or about 0.47% of the stock, which is worth about $0.13 million.
