Allurion Technologies Inc (NYSE:ALUR) has a beta value of -0.79 and has seen 70.4 million shares traded in the last trading session. The company, currently valued at $23.56M, closed the last trade at $8.69 per share which meant it gained $4.99 on the day or 134.86% during that session. The ALUR stock price is -1036.36% off its 52-week high price of $98.75 and 72.73% above the 52-week low of $2.37. If we look at the company’s 10-day average daily trading volume, we find that it stood at 7.72 million shares traded. The 3-month trading volume is 134.33K shares.
The consensus among analysts is that Allurion Technologies Inc (ALUR) is Buy stock at the moment, with a recommendation rating of 1.50. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 1 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -5.76.
Allurion Technologies Inc (NYSE:ALUR) trade information
Sporting 134.86% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the ALUR stock price touched $8.69 or saw a rise of 48.3%. Year-to-date, Allurion Technologies Inc shares have moved -19.16%, while the 5-day performance has seen it change 178.53%. Over the past 30 days, the shares of Allurion Technologies Inc (NYSE:ALUR) have changed -0.11%. Short interest in the company has seen 46722.0 shares shorted with days to cover at 1.53.
Wall Street analysts have a consensus price target for the stock at $5, which means that the shares’ value could drop -73.8% from current levels. The projected low price target is $5.0 while the price target rests at a high of $5.0. In that case, then, we find that the current price level is 42.46% off the targeted high while a plunge would see the stock lose 42.46% from current levels.
Allurion Technologies Inc (ALUR) estimates and forecasts
Figures show that Allurion Technologies Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -59.91% over the past 6 months, with this year growth rate of 84.42%, compared to 11.80% for the industry. Revenue growth from the last financial year stood is estimated to be -40.03%.
3 analysts offering their estimates for the company have set an average revenue estimate of 5.57M for the current quarter. 3 have an estimated revenue figure of 7.3M for the next ending quarter. Year-ago sales stood 8.23M and 9.39M respectively for this quarter and the next, and analysts expect sales will shrink by -32.40% for the current quarter and -40.03% for the next.
ALUR Dividends
Allurion Technologies Inc is expected to release its next earnings report in February this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Allurion Technologies Inc (NYSE:ALUR)’s Major holders
Insiders own 15.95% of the company shares, while shares held by institutions stand at 48.83% with a share float percentage of 58.10%. Investors are also buoyed by the number of investors in a company, with Allurion Technologies Inc having a total of 30.0 institutions that hold shares in the company.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund . As of Sep 30, 2024 , the former fund manager holds about 0.04% shares in the company for having 26.69 shares of worth $0.23 million while later fund manager owns 20.21 shares of worth $0.18 million as of Sep 30, 2024 , which makes it owner of about 0.03% of company’s outstanding stock.
