Allurion Technologies Inc (ALUR) kicked off at the price of $0.34: Venture capitalists have an exciting new opportunity

On Friday, Allurion Technologies Inc (NYSE: ALUR) opened lower -14.25% from the last session, before settling in for the closing price of $0.40. Price fluctuations for ALUR have ranged from $0.38 to $4.64 over the past 52 weeks.

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During the last 5-year period, the sales drop of Healthcare Sector giant was -5.58%. Company’s average yearly earnings per share was noted 82.36% at the time writing. With a float of $46.79 million, this company’s outstanding shares have now reached $47.69 million.

Let’s determine the extent of company efficiency that accounts for 252 employees. In terms of profitability, gross margin is 72.32%, operating margin of -168.66%, and the pretax margin is -70.14%.

Allurion Technologies Inc (ALUR) Breakdown of a Key Holders of the stock

A key investor’s attitude towards the stock of the Medical Devices industry is another important factor to consider. The insider ownership of Allurion Technologies Inc is 26.02%, while institutional ownership is 23.53%.

Allurion Technologies Inc (ALUR) Recent Fiscal highlights

If we go through the results of last quarter, which was made public on 9/30/2024, the company posted -0.4 earnings per share (EPS) for the quarter, besting the agreed prediction (set at -0.51) by 0.11. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.1 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 82.36% per share during the next fiscal year.

Allurion Technologies Inc (NYSE: ALUR) Trading Performance Indicators

Check out the current performance indicators for Allurion Technologies Inc (ALUR). In the past quarter, the stock posted a quick ratio of 2.09. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.55.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.48, a number that is poised to hit -0.22 in the next quarter and is forecasted to reach -0.35 in one year’s time.

Technical Analysis of Allurion Technologies Inc (ALUR)

Looking closely at Allurion Technologies Inc (NYSE: ALUR), its last 5-days average volume was 0.57 million, which is a drop from its year-to-date volume of 0.73 million. As of the previous 9 days, the stock’s Stochastic %D was 7.47%. Additionally, its Average True Range was 0.09.

During the past 100 days, Allurion Technologies Inc’s (ALUR) raw stochastic average was set at 2.75%, which indicates a significant decrease from 6.91% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 164.50% in the past 14 days, which was higher than the 114.01% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $0.6676, while its 200-day Moving Average is $1.4700. However, in the short run, Allurion Technologies Inc’s stock first resistance to watch stands at $0.3933. Second resistance stands at $0.4435. The third major resistance level sits at $0.4852. If the price goes on to break the first support level at $0.3014, it is likely to go to the next support level at $0.2597. Now, if the price goes above the second support level, the third support stands at $0.2095.

Allurion Technologies Inc (NYSE: ALUR) Key Stats

There are currently 64,369K shares outstanding in the company with a market cap of 18.97 million. Presently, the company’s annual sales total 53,470 K according to its annual income of -80,610 K. Last quarter, the company’s sales amounted to 11,770 K and its income totaled -2,160 K.