Alcon Inc. (ALC) – Don’t Be So Quick to Call it Dead

Alcon Inc. (NYSE: ALC) is -1.22% lower on its value in year-to-date trading and has touched a low of $63.78 and a high of $86.20 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ALC stock was last observed hovering at around $76.86 in the last trading session, with the day’s gains setting it 0.31%.

Currently trading at $77.17, the stock is 0.05% and 1.61% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.02 million and changing 0.40% at the moment leaves the stock -0.93% off its SMA200. ALC registered 1.70% gain for a year compared to 6-month loss of -5.31%. The firm has a 50-day simple moving average (SMA 50) of $4.47 and a 200-day simple moving average (SMA200) of $50.84.

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The stock witnessed a 0.65% gain in the last 1 month and extending the period to 3 months gives it a 4.75%, and is 1.02% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.61% over the week and 1.50% over the month.

Alcon Inc. (ALC) has around 25178 employees, a market worth around $37.95B and $9.27B in sales. Current P/E ratio is 85.19 and Fwd P/E is 25.49. Profit margin for the company is 4.85%. Distance from 52-week low is 20.99% and -10.48% from its 52-week high. The company has generated returns on investments over the last 12 months (1.80%).

Alcon Inc. quarterly earnings per share for the current quarter are estimated at $0.68 with sales reaching $2.34B over the same period.The EPS is expected to grow by 21.30% this year, but quarterly earnings will post 8.80% year-over-year. Quarterly sales are estimated to grow 8.70% in year-over-year returns.

1,092 institutions hold shares in Alcon Inc. (ALC), with institutional investors hold 63.81% of the company’s shares. The shares outstanding are 491.80M, and float is at 483.83M with Short Float at 0.79%. Institutions hold 63.78% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 17.99 million shares valued at $1.48 billion. The investor’s holdings represent 3.60% of the ALC Shares outstanding. As of Jun 29, 2023, the second largest holder is Aristotle Capital Management, LLC with 14.22 million shares valued at $1.17 billion to account for 2.85% of the shares outstanding. The other top investors are Credit Suisse Ag/ which holds 14.07 million shares representing 2.82% and valued at over $1.16 billion, while Norges Bank Investment Management holds 2.34% of the shares totaling 11.72 million with a market value of $803.16 million.

Alcon Inc. (ALC) Insider Activity

A total of 1 insider transactions have happened at Alcon Inc. (ALC) in the last six months, with sales accounting for 1 and purchases happening 0 times.