Allurion Technologies Inc (NYSE: ALUR)’s stock price has soared by 16.92 in relation to previous closing price of 2.01. Nevertheless, the company has seen a gain of 28.42% in its stock price over the last five trading days. InvestorPlace reported 2024-04-04 that Little-known medical device firm Allurion (NYSE: ALUR ) — which is focused on ending obesity via its swallowable and “procedure-less” intragastric balloon — saw its shares skyrocket on Thursday. Earlier this morning, management announced the commercial availability of its comprehensive Virtual Care Suite (VCS) in the U.S. ALUR stock likely benefited from rising interest in anti-obesity treatments.
Is It Worth Investing in Allurion Technologies Inc (NYSE: ALUR) Right Now?
ALUR has 36-month beta value of -0.12. Analysts have mixed views 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 ALUR is 36.36M, and currently, short sellers hold a 1.73% ratio of that float. The average trading volume of ALUR on May 02, 2024 was 1.02M shares.
ALUR’s Market Performance
ALUR stock saw an increase of 28.42% in the past week, with a monthly gain of 22.40% and a quarterly increase of -21.40%. The volatility ratio for the week is 8.62%, and the volatility levels for the last 30 days are 16.54% for Allurion Technologies Inc (ALUR). The simple moving average for the past 20 days is 9.07% for ALUR’s stock, with a -40.89% simple moving average for the past 200 days.
Analysts’ Opinion of ALUR
Many brokerage firms have already submitted their reports for ALUR stocks, with Jefferies repeating the rating for ALUR by listing it as a “Buy.” The predicted price for ALUR in the upcoming period, according to Jefferies is $5 based on the research report published on February 09, 2024 of the current year 2024.
ALUR Trading at -1.24% from the 50-Day Moving Average
After a stumble in the market that brought ALUR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -78.52% of loss for the given period.
Volatility was left at 16.54%, however, over the last 30 days, the volatility rate increased by 8.62%, as shares surge +35.84% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -22.19% lower at present.
During the last 5 trading sessions, ALUR rose by +28.42%, in comparison to the 20-day moving average, which settled at $2.19. In addition, Allurion Technologies Inc saw -37.17% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for ALUR
Current profitability levels for the company are sitting at:
- -1.48 for the present operating margin
- 0.77 for the gross margin
The net margin for Allurion Technologies Inc stands at -1.51. The total capital return value is set at -12.58. Equity return is now at value -972.83, with -91.12 for asset returns.
Based on Allurion Technologies Inc (ALUR), the company’s capital structure generated -1.46 points at debt to capital in total, while cash flow to debt ratio is standing at -1.53. The debt to equity ratio resting at -0.59. The interest coverage ratio of the stock is -7.48.
Currently, EBITDA for the company is -77.33 million with net debt to EBITDA at -0.05. When we switch over and look at the enterprise to sales, we see a ratio of 2.17. The receivables turnover for the company is 2.94for trailing twelve months and the total asset turnover is 0.75. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.99.
Conclusion
To put it simply, Allurion Technologies Inc (ALUR) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
