Alcon Inc. (NYSE:ALC) does about 887.24K shares in volume on a normal day but saw 757212 shares change hands in Tuesday trading. The company now has a market cap of 40.76B USD. Its current market price is $82.63, marking a decrease of -0.41% compared to the previous close of $82.97. The 52 week high reached by this stock is $88.23 whilst the lowest price level in 52 weeks is $67.14.
Alcon Inc. (ALC) has a 20-day trading average at $85.45 and the current price is -6.35% off the 52-week high compared with 23.08% distance from its 52-week low. The 50-day simple moving average of the closing price is $80.61 and its 200-day simple moving average is $78.82. If we look at the stock’s price movements over the week, volatility stands at 0.82%, which increases to 1.20% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 46.32 to suggest the stock is neutral.
The consensus objective for the share price is $94.04, suggesting that the stock has a potential upside of 12.13% over the period.
Bernstein initiated its price target at $94.40.
Alcon Inc. (ALC) stock is down -2.48% over the week and 2.61% over the past month. Its price is 5.77% year-to-date and 22.43% over the past year.
The stock last released its quarterly earnings report for quarter ended 12/30/2023, with the company’s earnings per share (EPS) of $0.69 above consensus estimates by $0.01. ALC’s earnings per share are forecast to grow by 12.00% this year and 13.40% over next year. Expected sales for next quarter are $2.54 billion, which analysts say will come at $9.98 billion for the current fiscal year and next year at $10.63 billion. In addition, estimates put the company’s current quarterly revenue at an average of $2.46 billion.
To reach the target analysts have set, the stock logically needs to grow 12.13 percent from here.
Outstanding shares total 493.20M with insiders holding 0.14% of the shares and institutional holders owning 64.65% of the company’s common stock. The company has a return on investment of 3.81% and return on equity of 4.83%. The price to earnings ratio (P/E ratio) amounts to 41.97 while the forward price to earnings ratio is 24.03. The beta has a value of 0.91. Price to book ratio is 1.98 and price to sales ratio is 4.31.
