At the time of writing, Allurion Technologies Inc [ALUR] stock is trading at $0.69, up 17.95%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ALUR shares have gain 6.25% over the last week, with a monthly amount glided 2.10%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Allurion Technologies Inc [NYSE: ALUR] stock has seen the most recent analyst activity on October 02, 2024, when TD Cowen initiated its Buy rating and assigned the stock a price target of $2. Previously, ROTH MKM started tracking the stock with Buy rating on September 06, 2024, and set its price target to $2. On February 09, 2024, Jefferies initiated with a Buy rating and assigned a price target of $5 on the stock.
For the past year, the stock price of Allurion Technologies Inc fluctuated between $0.55 and $5.15. Currently, Wall Street analysts expect the stock to reach $5 within the next 12 months. Allurion Technologies Inc [NYSE: ALUR] shares were valued at $0.69 at the most recent close of the market. An investor can expect a potential return of 624.64% based on the average ALUR price forecast.
Analyzing the ALUR fundamentals
According to Allurion Technologies Inc [NYSE:ALUR], the company’s sales were 47.59M for trailing twelve months, which represents an -9.21% plunge. Gross Profit Margin for this corporation currently stands at 0.75% with Operating Profit Margin at -1.52%, Pretax Profit Margin comes in at -0.78%, and Net Profit Margin reading is -0.79%. To continue investigating profitability, this company’s Return on Assets is posted at -0.8, Equity is 0.58 and Total Capital is -3.15. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -0.59.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 0.6300 points at the first support level, and at 0.5700 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.7500, and for the 2nd resistance point, it is at 0.8100.
Ratios To Look Out For
It is important to note that Allurion Technologies Inc [NYSE:ALUR] has a current ratio of 1.71. Further, the Quick Ratio stands at 1.51, while the Cash Ratio is 0.82. Considering the valuation of this stock, the price to sales ratio is 0.93.
