Alcon Inc. [NYSE: ALC] price plunged by -0.23 percent to reach at -$0.14. On July 21, the company made an announcement updating the results of a new survey that described the impact of the COVID-19 epidemic on consumers’ screen time and its adverse effects on eye health.
The survey was based on the identification of Dry Eye Awareness Month which was conducted by research firm Ipsos. It was conducted among a total of 1,005 nationally representative adults across the U.S. The findings on eye health due to COVID-19 impact discovered that about 80% of Americans reported an increase in their screen time due to lockdowns and coronavirus outbreak. Around 60% of people are really concerned about their eye health and the negative impacts of increased screen timing. The survey found the almost 45% of participants’ eyes felt dry due to excessive use of screens.
A sum of 964728 shares traded at recent session while its average daily volume was at 1.44M shares. Alcon Inc. shares reached a high of $61.06 and dropped to a low of $60.48 until finishing in the latest session at $60.67.
The one-year ALC stock forecast points to a potential upside of 4.38. The average equity rating for ALC stock is currently 2.50, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on Alcon Inc. [ALC]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ALC shares is $63.45 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ALC stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
KeyBanc Capital Markets have made an estimate for Alcon Inc. shares, keeping their opinion on the stock as Sector Weight, with their previous recommendation back on July 06, 2020. The new note on the price target was released on July 06, 2020, representing the official price target for Alcon Inc. stock.
The Average True Range (ATR) for Alcon Inc. is set at 1.38, with the Price to Sales ratio for ALC stock in the period of the last 12 months amounting to 3.94. The Price to Book ratio for the last quarter was 1.55.
ALC Stock Performance Analysis:
Alcon Inc. [ALC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.51. With this latest performance, ALC shares dropped by -0.41% in over the last four-week period, additionally sinking by -1.01% over the last 6 months – not to mention a rise of 1.45% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ALC stock in for the last two-week period is set at 57.97, with the RSI for the last a single of trading hit 64.44, and the three-weeks RSI is set at 56.58 for Alcon Inc. [ALC]. The present Moving Average for the last 50 days of trading for this stock 59.56, while it was recorded at 60.01 for the last single week of trading, and 57.22 for the last 200 days.
Insight into Alcon Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Alcon Inc. [ALC] shares currently have an operating margin of +1.09 and a Gross Margin at +48.47. Alcon Inc.’s Net Margin is presently recorded at -8.74.
Return on Total Capital for ALC is now 0.36, given the latest momentum, and Return on Invested Capital for the company is -2.93. Return on Equity for this stock declined to -3.18, with Return on Assets sitting at -2.44. When it comes to the capital structure of this company, Alcon Inc. [ALC] has a Total Debt to Total Equity ratio set at 19.79. Additionally, ALC Total Debt to Total Capital is recorded at 16.52, with Total Debt to Total Assets ending up at 13.81. Long-Term Debt to Equity for the company is recorded at 18.12, with the Long-Term Debt to Total Capital now at 15.13.
Reflecting on the efficiency of the workforce at the company, Alcon Inc. [ALC] managed to generate an average of -$29,443 per employee. Receivables Turnover for the company is 4.87 with a Total Asset Turnover recorded at a value of 0.28.
ALC Stock EPS
With the latest financial reports released by the company, Alcon Inc. posted 0.47/share EPS, while the average EPS was predicted by analysts to be reported at 0.48/share.When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -2.10%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ALC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Alcon Inc. go to 7.60%.
Alcon Inc. [ALC] Insider Position Details
Positions in Alcon Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 244 institutional holders increased their position in Alcon Inc. [NYSE:ALC] by around 47,716,008 shares. Additionally, 303 investors decreased positions by around 27,226,040 shares, while 101 investors held positions by with 193,799,278 shares. The mentioned changes placed institutional holdings at 268,741,326 shares, according to the latest SEC report filing. ALC stock had 67 new institutional investments in for a total of 11,842,576 shares, while 88 institutional investors sold positions of 2,348,002 shares during the same period.