In the latest trading session, 0.4 million Allurion Technologies Inc (NYSE:ALUR) shares changed hands as the company’s beta touched -0.55. With the company’s most recent per share price at $0.36 changing hands around $0.01 or 4.00% at last look, the market valuation stands at $23.39M. ALUR’s current price is a discount, trading about -1011.11% off its 52-week high of $4.00. The share price had its 52-week low at $0.26, which suggests the last value was 27.78% up since then. When we look at Allurion Technologies Inc’s average trading volume, we note the 10-day average is 0.42 million shares, with the 3-month average coming to 412.78K.
Analysts gave the Allurion Technologies Inc (ALUR) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.50. 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 -0.17.
Allurion Technologies Inc (NYSE:ALUR) trade information
Instantly ALUR is in green as seen in intraday trades today. With action 14.49%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -90.35%, with the 5-day performance at 14.49% in the green. However, in the 30-day time frame, Allurion Technologies Inc (NYSE:ALUR) is -16.03% down. Looking at the short shares, we see there were 1.07 million shares sold at short interest cover period of 2.09 days.
The consensus price target for the stock as assigned by Wall Street analysts is 5, meaning bulls need an upside of 92.8% 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 -1288.89% plunge from its current level, while the stock would need to soar -1288.89% 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 -76.86% over the past 6 months, a 84.17% in annual growth rate that is considerably higher than the industry average of 12.60%. Year-over-year growth is forecast to reach -40.03% down from the last financial year.
Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of 5.57M. 3 analysts are of the opinion that Allurion Technologies Inc’s revenue for the current quarter will be 7.3M. The company’s revenue for the corresponding quarters a year ago was 8.23M and 9.39M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -32.40%. The estimates for the next quarter sales put growth at -22.22%.
The 2024 estimates are for Allurion Technologies Inc earnings to increase by 82.36%.
ALUR Dividends
Allurion Technologies Inc is expected to release its next quarterly earnings report in January.
Allurion Technologies Inc (NYSE:ALUR)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 26.10% of Allurion Technologies Inc shares while 31.01% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 41.96%.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. With 667.29 shares estimated at $0.25 million under it, the former controlled 1.03% of total outstanding shares. On the other hand, Vanguard Extended Market Index Fund held about 0.78% of the shares, roughly 505.2 shares worth around $0.19 million.
