Alcon Inc. (NYSE: ALC) is 11.79% higher on its value in year-to-date trading and has touched a low of $63.96 and a high of $88.23 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ALC stock was last observed hovering at around $88.13 in the last trading session, with the day’s loss setting it -0.8%.
Currently trading at $87.33, the stock is 5.79% and 10.27% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.92 million and changing -0.91% at the moment leaves the stock 11.21% off its SMA200. ALC registered 34.75% gain for a year compared to 6-month loss of 5.29%. The firm has a 50-day simple moving average (SMA 50) of $5.00 and a 200-day simple moving average (SMA200) of $21.09.
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The stock witnessed a 12.92% gain in the last 1 month and extending the period to 3 months gives it a 20.69%, and is 1.84% 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 0.99% over the week and 1.26% over the month.
Alcon Inc. (ALC) has around 25315 employees, a market worth around $43.08B and $9.46B in sales. Current P/E ratio is 44.35 and Fwd P/E is 25.36. Profit margin for the company is 10.30%. Distance from 52-week low is 36.54% and -1.02% from its 52-week high. The company has generated returns on investments over the last 12 months (3.81%).
Alcon Inc. quarterly earnings per share for the current quarter are estimated at $0.72 with sales reaching $2.46B over the same period.The EPS is expected to grow by 9.67% this year, but quarterly earnings will post 6.50% year-over-year. Quarterly sales are estimated to grow 5.40% in year-over-year returns.
1,108 institutions hold shares in Alcon Inc. (ALC), with institutional investors hold 64.34% of the company’s shares. The shares outstanding are 493.20M, and float is at 485.31M with Short Float at 0.93%. Institutions hold 64.25% 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.
