Alcon Inc. (NYSE: ALC) Recovers 29.57% From 52-Week Low, Is ALC Still A High-Risk, High-Reward Play?

Alcon Inc. (NYSE:ALC) currently has a daily average trading volume of 929.40K but it saw 1455649 shares traded in last market. With a market cap of 44.38B USD, the company’s current market price of $89.97 came rising about 0.77 while comparing to the previous closing price of $89.28. In past 52 weeks, the stock remained buoying in the range of price level as high as $89.32 and as low as $69.44.

Taking a look at 20-day trading activity of Alcon Inc. (ALC) gives us an average price of $80.74, while its current price level is 0.73% below from 52-week high level whereas it is 29.57% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $82.61 while that of 200 days or SMA-200 reads an average of $78.68. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.68% during that period while stretching the period over a month that decreases to 1.33%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 74.71 which implies that the stock is in overbought territory.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Oppenheimer which upgraded the stock as “Outperform” in its note to investors issued on May 15, 2024, recommending a price target of $103 for it.

Over the week, ALC’s stock price is moving 11.97% up while it is 13.01% when we observe its performance for the past one month. Year-to-date it is 15.17% up and over the past year, the stock is showing an upside performance of 12.97%.

The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of 0.69 beat the consensus estimate of 0.63 for the same. In next quarter, company is expected to be making quarterly sales of $2.47B as analysts are expecting the sales for current fiscal year at $9.96B and seeing the company making $10.6B in sales next year. Moreover, analysts are in estimates of $2.53B for current-quarter revenue.

Currently, Alcon Inc.’s total number of outstanding shares is 493.20M. Company’s return on investment (ROI) stands at 4.08% and return on equity (ROE) at 5.15%. It has a price to earnings ratio (P/E ratio) of 42.50 while having a 25.71 of forward P/E ratio. Stock’s beta reads 0.97. Stock has a price to book (P/B) ratio of 2.14 while price to sale or P/S ratio amounts to 4.64. Its return on asset (ROA) is 3.56% on average.