Alcon Inc (NYSE: ALC) is 8.47% higher on its value in year-to-date trading and has touched a low of $74.30 and a high of $101.10 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 $85.54 in the last trading session, with the day’s loss setting it -0.8%.
Currently trading at $84.74, the stock is -1.92% and -5.93% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.58 million and changing -0.94% at the moment leaves the stock -5.49% off its SMA200. ALC registered 12.49% gain for a year compared to 6-month loss of -5.25%. The firm has a 50-day simple moving average (SMA 50) of $90.3078 and a 200-day simple moving average (SMA200) of $89.66235.
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The stock witnessed a -1.25% gain in the last 1 month and extending the period to 3 months gives it a -13.82%, and is -2.11% down 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 1.65% over the week and 1.20% over the month.
Alcon Inc (ALC) has around 25315 employees, a market worth around $41.80B and $9.76B in sales. Current P/E ratio is 36.18 and Fwd P/E is 25.23. Profit margin for the company is 11.89%. Distance from 52-week low is 14.05% and -16.18% from its 52-week high. The company has generated returns on investments over the last 12 months (4.41%).
The EPS is expected to grow by 10.61% this year
The shares outstanding are 494.60M, and float is at 486.73M with Short Float at 0.71%.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 19.11 million shares valued at $1.7 billion. The investor’s holdings represent 3.8706 of the ALC Shares outstanding. As of 2024-06-30, the second largest holder is UBS ASSET MANAGEMENT AMERICAS INC with 14.16 million shares valued at $1.26 billion to account for 2.8677 of the shares outstanding. The other top investors are NORGES BANK which holds 12.35 million shares representing 2.5003 and valued at over $1.1 billion, while ARISTOTLE CAPITAL MANAGEMENT, LLC holds 2.4316 of the shares totaling 12.01 million with a market value of $1.07 billion.
Alcon Inc (ALC) Insider Activity
Still, SEC filings show that on Sep 09 ’24, Narayanan Rajkumar (Officer) Proposed Sale 4,622 shares at an average price of $96.54 for $0.45 million. The insider now directly holds shares of Alcon Inc (ALC).
