Allurion Technologies Inc (NYSE:ALUR)’s traded shares stood at 1.13 million during the last session, with the company’s beta value hitting -0.56. At the close of trading, the stock’s price was $0.36, to imply an increase of 5.12% or $0.01 in intraday trading. The ALUR share’s 52-week high remains $4.00, putting it -1011.11% down since that peak but still an impressive 13.89% since price per share fell to its 52-week low of $0.31. The company has a valuation of $23.45M, with an average of 1.22 million shares in intraday trading volume over the past 10 days and average of 387.47K shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Allurion Technologies Inc (ALUR), translating to a mean rating of 1.50. Of 1 analyst(s) looking at the stock, 0 analyst(s) give ALUR a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.24.
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Allurion Technologies Inc (NYSE:ALUR) trade information
After registering a 5.12% upside in the last session, Allurion Technologies Inc (ALUR) has traded red over the past five days. The 5-day price performance for the stock is -7.95%, and -48.45% over 30 days. With these gigs, the year-to-date price performance is -90.28%. Short interest in Allurion Technologies Inc (NYSE:ALUR) saw shorts transact 0.91 million shares and set a 4.22 days time to cover.
The extremes give us $5 and $5 for target low and target high price respectively. As such, ALUR has been trading -1288.89% off suggested target high and -1288.89% from its likely low.
Allurion Technologies Inc (ALUR) estimates and forecasts
Looking at statistics comparing Allurion Technologies Inc share performance against respective industry, we note that the company has outperformed competitors. Allurion Technologies Inc (ALUR) shares are -74.21% down over the last 6 months, with its year-to-date growth rate higher than industry average at 84.17% against 11.10%. The rating firms project that company’s revenue will shrink -40.03% compared to the previous financial year.
Revenue forecast for the current quarter as set by 3 analysts is 5.57M. Meanwhile, for the current quarter, a total of 3 analyst(s) estimate revenue growth to 7.3M.Earnings reports from the last fiscal year show that sales brought in 8.23M and 9.39M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -32.40% before dropping -22.22% in the following quarter.
ALUR Dividends
Allurion Technologies Inc has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Allurion Technologies Inc (NYSE:ALUR)’s Major holders
Allurion Technologies Inc insiders hold 26.03% of total outstanding shares, with institutional holders owning 31.01% of the shares at 41.92% float percentage. In total, 31.01% institutions holds shares in the company.
