While Allurion Technologies Inc has overperformed by 11.60%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ALUR fell by -86.04%, with highs and lows ranging from $4.24 to $0.31, whereas the simple moving average fell by -64.01% in the last 200 days.
On November 14, 2024, Chardan Capital Markets Downgraded Allurion Technologies Inc (NYSE: ALUR) to Neutral. A report published by TD Cowen on October 02, 2024, Initiated its previous ‘Buy’ rating for ALUR. ROTH MKM also rated ALUR shares as ‘Buy’, setting a target price of $2 on the company’s shares in an initiating report dated September 06, 2024. Jefferies Initiated an Buy rating on February 09, 2024, and assigned a price target of $5.
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Analysis of Allurion Technologies Inc (ALUR)
Further, the quarter-over-quarter decrease in sales is -70.51%, showing a negative trend in the upcoming months.
In order to gain a clear picture of Allurion Technologies Inc’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of -1715.20% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.09, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 226.84K can be a very valuable indicator of volatility for ALUR stock. On a monthly basis, the volatility of the stock is set at 15.51%, whereas on a weekly basis, it is put at 22.08%, with a gain of 27.73% over the past seven days. Furthermore, long-term investors anticipate a median target price of $1.83, showing growth from the present price of $0.51, which can serve as yet another indication of whether ALUR is worth investing in or should be passed over.
How Do You Analyze Allurion Technologies Inc Shares?
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 27.44%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 23.68% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
ALUR shares are owned by institutional investors to the tune of 23.68% at present.
