Alcon Inc (NYSE: ALC) is -3.33% lower on its value in year-to-date trading and has touched a low of $80.48 and a high of $101.10 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 $86.92 in the last trading session, with the day’s gains setting it 0.04%.
Currently trading at $86.96, the stock is -0.26% and -1.29% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.19 million and changing 0.05% at the moment leaves the stock -3.19% off its SMA200. ALC registered 2.44% gain for a year compared to 6-month gain of 5.11%. The firm has a 50-day simple moving average (SMA 50) of $88.739 and a 200-day simple moving average (SMA200) of $90.0092.
The stock witnessed a 0.88% loss in the last 1 month and extending the period to 3 months gives it a -4.88%, and is -1.96% 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 1.45% over the week and 1.47% over the month.
Alcon Inc (ALC) has around 25599 employees, a market worth around $43.01B and $9.93B in sales. Current P/E ratio is 38.65 and Fwd P/E is 23.92. Profit margin for the company is 11.28%. Distance from 52-week low is 8.05% and -13.99% from its 52-week high. The company has generated returns on investments over the last 12 months (4.14%).
The EPS is expected to grow by 2.52% this year
1194.0 institutions hold shares in Alcon Inc (ALC), with institutional investors hold 68.35% of the company’s shares. The shares outstanding are 495.70M, and float is at 489.33M with Short Float at 0.97%. Institutions hold 68.26% of the Float.
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 3.8651 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 2.8637 of the shares outstanding. The other top investors are NORGES BANK which holds 12.35 million shares representing 2.4968 and valued at over $1.1 billion, while ARISTOTLE CAPITAL MANAGEMENT, LLC holds 2.4282 of the shares totaling 12.01 million with a market value of $1.07 billion.
