Alcon Inc. (NYSE: ALC) has a price-to-earnings ratio that is above its average at 40.12x. The stock has a 36-month beta value of 0.91. Opinions on the stock are mixed, 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 at present, short sellers hold a 0.89% of that float. On April 18, 2024, the average trading volume of ALC was 930.28K shares.
ALC) stock’s latest price update
Alcon Inc. (NYSE: ALC)’s stock price has gone decline by -0.77 in comparison to its previous close of 79.61, however, the company has experienced a -3.88% decrease in its stock price over the last five trading days. MarketBeat reported 2024-04-16 that STAAR Surgical Co. NASDAQ: STAA develops and manufactures intraocular lenses (IOL) used to replace a person’s natural lenses during cataract surgery. Its portfolio includes the EVO line of Implantable Collamer Lenses (ICL) used for the treatment of nearsightedness (myopia), refractive error (astigmatism) and farsightedness (presbyopia).
ALC’s Market Performance
ALC’s stock has fallen by -3.88% in the past week, with a monthly drop of -6.10% and a quarterly rise of 3.34%. The volatility ratio for the week is 1.57% while the volatility levels for the last 30 days are 1.28% for Alcon Inc.. The simple moving average for the past 20 days is -4.72% for ALC’s stock, with a 0.02% simple moving average for the past 200 days.
Analysts’ Opinion of ALC
Many brokerage firms have already submitted their reports for ALC stocks, with Goldman repeating the rating for ALC by listing it as a “Buy.” The predicted price for ALC in the upcoming period, according to Goldman is $100 based on the research report published on April 10, 2024 of the current year 2024.
KeyBanc Capital Markets gave a rating of “Overweight” to ALC, setting the target price at $87 in the report published on February 06th of the current year.
ALC Trading at -3.95% 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 -10.46% of loss for the given period.
Volatility was left at 1.28%, however, over the last 30 days, the volatility rate increased by 1.57%, as shares sank -6.76% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.77% upper at present.
During the last 5 trading sessions, ALC fell by -3.88%, which changed the moving average for the period of 200-days by -3.79% in comparison to the 20-day moving average, which settled at $82.62. In addition, Alcon Inc. saw 1.13% 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 4.49. 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
To sum up, Alcon Inc. (ALC) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
