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After finishing at $89.96 in the prior trading day, Alcon Inc. (NYSE: ALC) closed at $90.26, up 0.33%. In other words, the price has increased by $0.33 from its previous closing price. On the day, 1.45 million shares were traded. ALC stock price reached its highest trading level at $90.32 during the session, while it also had its lowest trading level at $89.38.
Ratios:
Our goal is to gain a better understanding of ALC by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 39.02 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 45.53. For the most recent quarter (mrq), Quick Ratio is recorded 1.49 and its Current Ratio is at 2.51. In the meantime, Its Debt-to-Equity ratio is 0.24 whereas as Long-Term Debt/Eq ratio is at 0.23.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Morgan Stanley on July 15, 2024, Upgraded its rating to Equal-Weight and sets its target price to $85 from $65 previously.
On May 15, 2024, Oppenheimer Upgraded its rating to Outperform which previously was Perform but kept the price unchanged to $103.
On April 10, 2024, Goldman started tracking the stock assigning a Buy rating and target price of $100.Goldman initiated its Buy rating on April 10, 2024, with a $100 target price.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ALC now has a Market Capitalization of 44520206336 and an Enterprise Value of 48566542336. As of this moment, Alcon’s Price-to-Earnings (P/E) ratio for their current fiscal year is 42.63, and their Forward P/E ratio for the next fiscal year is 25.72. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.68. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.66 while its Price-to-Book (P/B) ratio in mrq is 2.14. Its current Enterprise Value per Revenue stands at 5.079 whereas that against EBITDA is 21.624.
Stock Price History:
The Beta on a monthly basis for ALC is 0.97, which has changed by 0.06388497 over the last 52 weeks, in comparison to a change of 0.24125004 over the same period for the S&P500. Over the past 52 weeks, ALC has reached a high of $92.65, while it has fallen to a 52-week low of $69.44. The 50-Day Moving Average of the stock is 2.32%, while the 200-Day Moving Average is calculated to be 12.49%.
Shares Statistics:
The stock has traded on average 827.74K shares per day over the past 3-months and 901390 shares per day over the last 10 days, according to various share statistics. A total of 493.20M shares are outstanding, with a floating share count of 486.75M. Insiders hold about 1.33% of the company’s shares, while institutions hold 54.69% stake in the company. Shares short for ALC as of 1719532800 were 3760245 with a Short Ratio of 4.54, compared to 1717113600 on 4000747.
Dividends & Splits
In the trailing 12 months, ALC’s forward annual dividend rate was 0.285, compared to 0.26 this year. Against a Trailing Annual Dividend Yield of 0.0031680746
