Alcon Inc. (NYSE: ALC)’s stock price has gone rise by 2.91 in comparison to its previous close of 81.70, however, the company has experienced a 1.75% increase in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-03 that Strength in the Surgical and Vision Care businesses bodes well for Alcon (ALC).
Is It Worth Investing in Alcon Inc. (NYSE: ALC) Right Now?
The price-to-earnings ratio for Alcon Inc. (NYSE: ALC) is above average at 42.70x, Company’s 36-month beta value is 0.91.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for ALC is 485.31M, and currently, short sellers hold a 0.92% ratio of that floaft. The average trading volume of ALC on April 04, 2024 was 909.25K shares.
ALC’s Market Performance
ALC stock saw a decrease of 1.75% in the past week, with a monthly decline of -2.13% and a quarterly a decrease of 9.14%. The volatility ratio for the week is 1.52%, and the volatility levels for the last 30 days are 1.17% for Alcon Inc. (ALC). The simple moving average for the last 20 days is -0.87% for ALC’s stock, with a simple moving average of 6.58% for the last 200 days.
Analysts’ Opinion of ALC
KeyBanc Capital Markets, on the other hand, stated in their research note that they expect to see ALC reach a price target of $87. The rating they have provided for ALC stocks is “Overweight” according to the report published on February 06th, 2024.
Bernstein gave a rating of “Outperform” to ALC, setting the target price at $94.40 in the report published on January 23rd of the current year.
ALC Trading at 3.79% from the 50-Day Moving Average
After a stumble in the market that brought ALC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -4.70% of loss for the given period.
Volatility was left at 1.17%, however, over the last 30 days, the volatility rate increased by 1.52%, as shares sank -1.08% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.35% upper at present.
During the last 5 trading sessions, ALC rose by +1.75%, which changed the moving average for the period of 200-days by +3.94% in comparison to the 20-day moving average, which settled at $84.77. In addition, Alcon Inc. saw 7.63% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for ALC
Current profitability levels for the company are sitting at:
- 0.13 for the present operating margin
- 0.55 for the gross margin
The net margin for Alcon Inc. stands at 0.1. The total capital return value is set at 0.05. Equity return is now at value 4.83, with 3.31 for asset returns.
Based on Alcon Inc. (ALC), the company’s capital structure generated 0.19 points at debt to capital in total, while cash flow to debt ratio is standing at 0.29. The debt to equity ratio resting at 0.23. The interest coverage ratio of the stock is 6.71.
Currently, EBITDA for the company is 2.56 billion with net debt to EBITDA at 2.55. When we switch over and look at the enterprise to sales, we see a ratio of 4.75. The receivables turnover for the company is 4.84for trailing twelve months and the total asset turnover is 0.32. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.28.
Conclusion
In a nutshell, Alcon Inc. (ALC) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
