Market Highlights: Allurion Technologies Inc (ALUR) Ends on a High Note at 0.43

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The price of Allurion Technologies Inc (NYSE: ALUR) closed at $0.43 in the last session, up 11.05% from day before closing price of $0.39. In other words, the price has increased by $11.05 from its previous closing price. On the day, 1.56 million shares were traded. ALUR stock price reached its highest trading level at $0.4989 during the session, while it also had its lowest trading level at $0.3801.

Ratios:

We take a closer look at ALUR’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 2.09 and its Current Ratio is at 2.33.

On October 02, 2024, TD Cowen started tracking the stock assigning a Buy rating and target price of $2.

On September 06, 2024, ROTH MKM started tracking the stock assigning a Buy rating and target price of $2.ROTH MKM initiated its Buy rating on September 06, 2024, with a $2 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, ALUR now has a Market Capitalization of 28057230 and an Enterprise Value of 71771544. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.81. Its current Enterprise Value per Revenue stands at 2.065 whereas that against EBITDA is -1.237.

Stock Price History:

Over the past 52 weeks, ALUR has reached a high of $4.00, while it has fallen to a 52-week low of $0.26. The 50-Day Moving Average of the stock is -16.40%, while the 200-Day Moving Average is calculated to be -61.62%.

Shares Statistics:

According to the various share statistics, ALUR traded on average about 421.66K shares per day over the past 3-months and 445040 shares per day over the past 10 days. A total of 64.37M shares are outstanding, with a floating share count of 47.04M. Insiders hold about 27.40% of the company’s shares, while institutions hold 23.57% stake in the company. Shares short for ALUR as of 1732838400 were 1071758 with a Short Ratio of 2.50, compared to 1730332800 on 671024. Therefore, it implies a Short% of Shares Outstanding of 1071758 and a Short% of Float of 2.4500001.

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