Allurion Technologies Inc [NYSE: ALUR] traded at a high on Wednesday, posting a 23.73 gain after which it closed the day’ session at $2.92.
The results of the trading session contributed to over 6468628 shares changing hands. Over the past one week, the price volatility of Allurion Technologies Inc stands at 12.96% while the volatility over the past one month is 8.42%.
The market cap for ALUR stock reached $21.78 million, with 7.46 million shares outstanding and 6.48 million shares in the current float. Compared to the average trading volume of 1.54M shares, ALUR reached a trading volume of 6468628 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Allurion Technologies Inc [ALUR]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ALUR shares is $10.62 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ALUR stock is a recommendation set at 1.50. 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.
Chardan Capital Markets have made an estimate for Allurion Technologies Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on November 14, 2024. While these analysts kept the previous recommendation, TD Cowen raised their target price to Buy. The new note on the price target was released on October 02, 2024, representing the official price target for Allurion Technologies Inc stock. Previously, the target price had yet another raise to $2, while ROTH MKM analysts kept a Buy rating on ALUR stock.
The Average True Range (ATR) for Allurion Technologies Inc is set at 0.28, with the Price to Sales ratio for ALUR stock in the period of the last 12 months amounting to 0.68.
How has ALUR stock performed recently?
Allurion Technologies Inc [ALUR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 22.69. With this latest performance, ALUR shares gained by 14.06% in over the last four-week period, additionally sinking by -84.17% over the last 6 months – not to mention a drop of -94.04% 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 ALUR stock in for the last two-week period is set at 64.82, with the RSI for the last a single of trading hit 79.71, and the three-weeks RSI is set at 54.11 for Allurion Technologies Inc [ALUR]. The present Moving Average for the last 50 days of trading for this stock 2.59, while it was recorded at 2.48 for the last single week of trading, and 9.88 for the last 200 days.
Allurion Technologies Inc [ALUR]: Deeper insight into the fundamentals
Allurion Technologies Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.88 and a Current Ratio set at 2.09.
Earnings analysis for Allurion Technologies Inc [ALUR]
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 ALUR. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Allurion Technologies Inc go to 29.35%.
Insider trade positions for Allurion Technologies Inc [ALUR]
There are presently around $50.29%, or 58.89%% of ALUR stock, in the hands of institutional investors. The top three institutional holders of ALUR stocks are: RTW INVESTMENTS, LP with ownership of 3.7 million shares, which is approximately 0.3085%. FORTRESS INVESTMENT GROUP LLC, holding 1.28 million shares of the stock with an approximate value of $$1.28 million in ALUR stocks shares; and FORTRESS INVESTMENT GROUP LLC, currently with $$1.18 million in ALUR stock with ownership which is approximately 0.1036%.
