The stock of Allurion Technologies Inc (NYSE: ALUR) has increased by 12.33 when compared to last closing price of 0.35. Despite this, the company has experienced a 23.69% gain in its stock price over the last five trading sessions. businesswire.com reported 2024-12-24 that NATICK, Mass.–(BUSINESS WIRE)–Allurion Technologies, Inc. (NYSE: ALUR) (“Allurion” or the “Company”), a company dedicated to ending obesity, today announced that its Board of Directors has determined to effect a one-for-twenty five reverse stock split of the Company’s common stock, par value $0.0001 per share (the “Common Stock”). The reverse stock split will take effect at 12:01 a.m. Eastern Time on January 3, 2025, and the Company’s Common Stock will begin trading on a split-adjusted basis.
Is It Worth Investing in Allurion Technologies Inc (NYSE: ALUR) Right Now?
Moreover, the 36-month beta value for ALUR is -0.55. Analysts have varying opinions on the stock, with 2 analysts rating it as a “buy,” 1 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for ALUR is 47.04M and currently, short sellers hold a 2.24% of that float. On December 26, 2024, ALUR’s average trading volume was 412.78K shares.
ALUR’s Market Performance
The stock of Allurion Technologies Inc (ALUR) has seen a 23.69% increase in the past week, with a -9.28% drop in the past month, and a -39.94% fall in the past quarter. The volatility ratio for the week is 18.07%, and the volatility levels for the past 30 days are at 14.55% for ALUR. The simple moving average for the past 20 days is 10.21% for ALUR’s stock, with a -65.77% simple moving average for the past 200 days.
Analysts’ Opinion of ALUR
TD Cowen, on the other hand, stated in their research note that they expect to see ALUR reach a price target of $2. The rating they have provided for ALUR stocks is “Buy” according to the report published on October 02nd, 2024.
ROTH MKM gave a rating of “Buy” to ALUR, setting the target price at $2 in the report published on September 06th of the current year.
ALUR Trading at -25.48% 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 -90.25% of loss for the given period.
Volatility was left at 14.55%, however, over the last 30 days, the volatility rate increased by 18.07%, as shares sank -8.41% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -42.75% lower at present.
During the last 5 trading sessions, ALUR rose by +23.66%, which changed the moving average for the period of 200-days by -85.06% in comparison to the 20-day moving average, which settled at $0.3538. In addition, Allurion Technologies Inc saw -89.57% 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:
- -1.69 for the present operating margin
- 0.72 for the gross margin
The net margin for Allurion Technologies Inc stands at -0.71. The total capital return value is set at -1.86. Equity return is now at value -1715.20, with -28.89 for asset returns.
Based on Allurion Technologies Inc (ALUR), the company’s capital structure generated -1.3 points at debt to capital in total, while cash flow to debt ratio is standing at -1.38. The debt to equity ratio resting at -0.57. The interest coverage ratio of the stock is -10.65.
Currently, EBITDA for the company is -69.03 million with net debt to EBITDA at -0.55. When we switch over and look at the enterprise to sales, we see a ratio of 1.01. The receivables turnover for the company is 3.5for trailing twelve months and the total asset turnover is 0.69. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.33.
Conclusion
To wrap up, the performance of Allurion Technologies Inc (ALUR) has been bad in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. 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.
