In the last trading session, 2.2 million shares of the Allurion Technologies Inc (NYSE:ALUR) were traded, and its beta was -0.49. Most recently the company’s share price was $2.78, and it changed around -$0.01 or -0.36% from the last close, which brings the market valuation of the company to $20.74M. ALUR currently trades at a discount to its 52-week high of $88.75, offering almost -3092.45% off that amount. The share price’s 52-week low was $2.15, which indicates that the current value has risen by an impressive 22.66% since then. We note from Allurion Technologies Inc’s average daily trading volume that its 10-day average is 1.49 million shares, with the 3-month average coming to 1.54 million.
Allurion Technologies Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.50. If we narrow it down even further, the data shows that 0 out of 4 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 1 recommended ALUR as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. Allurion Technologies Inc is expected to report earnings per share of -0.89 for the current quarter.
Allurion Technologies Inc (NYSE:ALUR) trade information
Instantly ALUR has showed a red trend with a performance of -0.36% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 3.26 on recent trading dayincreased the stock’s daily price by 14.72%. The company’s shares are currently down -74.14% year-to-date, but still down -9.15% over the last five days. On the other hand, Allurion Technologies Inc (NYSE:ALUR) is 15.83% up in the 30-day period. We can see from the shorts that 0.14 million shares have been sold at a short interest cover period of 1.45 day(s).
The consensus price target as assigned by Wall Street analysts is $2.5, which translates to bulls needing to decrease their stock price by -11.2% from its current value. Analyst projections state that ALUR is forecast to be at a low of $2.5 and a high of $2.5.
Allurion Technologies Inc (ALUR) estimates and forecasts
The year-over-year growth rate is expected to be -9.76%, down from the previous year.
Consensus estimates provided by 4 financial analysts predict the company will bring in an average of 6.2M in revenue for the current quarter. 4 analysts expect Allurion Technologies Inc to make 7.17M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 11.77M and 5.37M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -47.31%. Forecasts for the next quarter put sales growth at 33.69%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -892.33%. Allurion Technologies Inc earnings are expected to increase by 89.63% in 2025, but the outlook is positive 32.78% per year for the next five years.
ALUR Dividends
Allurion Technologies Inc’s next quarterly earnings report is expected to be released on 2025-May-13.
Allurion Technologies Inc (NYSE:ALUR)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 11.67% of Allurion Technologies Inc shares, and 46.19% of them are in the hands of institutional investors. The stock currently has a share float of 52.30%. Allurion Technologies Inc stock is held by 30.0 institutions, with RTW INVESTMENTS, LP being the largest institutional investor. By 2024-06-30, it held 0.3085% of the shares, which is about 3.7 million shares worth $3.69 million.
FORTRESS INVESTMENT GROUP LLC, with 0.1071% or 1.28 million shares worth $1.28 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and Fidelity Concord Street Trust-Fidelity Extended Market Index Fund were the top two Mutual Funds as of Dec 31, 2024 . The former held 26.69 shares worth $74203.0, making up 0.36% of all outstanding shares. On the other hand, Fidelity Concord Street Trust-Fidelity Extended Market Index Fund held roughly 24.77 shares worth around $68871.0, which represents about 0.33% of the total shares outstanding.
