The stock of Alcon Inc. (NYSE:ALC) increased by $0.92 on Wednesday to $81.14, up 1.15 percent. The last five days have seen an average of 759,517 shares of common stock traded. 19 times new highs were reached in the current year, with a gain of $12.55. The average number of shares traded over the last 20 days was 602,694, while the average volume over the last 50 days totaled 618,990.
ALC stock dropped -4.28% since last month. On 08/16/23, the company’s shares reached a one-month low of $78.96. The stock touched a high of $86.20 on 07/27/23, after rallying from a low of $55.21 in 52 weeks. The price of ALC stock has risen by 18.37% or $12.55 this year, reaching a new high 19 times. Still, the stock price is down -5.86% from the 52-week high.
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Valuation Metrics
Alcon Inc. (ALC) has a trailing price-to-earnings (P/E) ratio of 117.60. Beta for the stock is 0.89.
Company paid $0.1365 per share in dividends, a decrease of -31.75% from $0.20 last year. A $0.0635 dividend decrease was reported on Friday May 5 2023.
Financial Health
Based on annual data, it had gross profit of $4.75 billion and revenue of $8.72 billion.
Earnings Surprise
According to Alcon Inc.’s quarterly financial report for the quarter that ended June 29, it had $13.0 million in cash and short-term investments. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $8.72 billion, while revenues rose by 4.89% to $0.0. It was predicted that Alcon Inc.’s quarterly earnings would be $0.69, but it ended up being $0.63, beating the consensus by 9.50%. EBITDA was $570.0 million for the quarter. At the end of Alcon Inc.’s most recent quarter ended June 29, its liabilities totaled 9.43 billion, while its total debt was $5.12 billion.
Technical Picture
Here’s a quick look at Alcon Inc.’s (ALC) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 38.77%, suggesting the stock is Neutral, with a 11.23% historical volatility rate.
The stochastic %K and %D were 17.49% and 14.08% respectively, while the average true range (ATR) was 1.33. Based on the 14-day stochastic reading of 33.00%, the RSI (14) reading is 42.23%. On the 9-day MACD Oscillator, the stock is at -0.41, and the 14-day reading is at -1.19.
Analyst Ratings
Analysts have assigned Alcon Inc. (ALC) an Overweight rating. ALC is a stock that is recommended for selling by 0 brokerage firms, while 8 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 2 rates it overweight and 18 others recommend it as a buy.
What is ALC’s price target for the next 12 months?
The current consensus forecast for the stock is between $80.00 and $104.94, with a median target price of $93.50. In analyzing these forecasts, the average price target given by analysts for Alcon Inc. (ALC) is $92.39.
