Currently, there are 491.80M common shares owned by the public and among those 483.83M shares have been available to trade.
Insiders at the company have transacted a total of 5 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 1 of these insider trades were purchases, accounting for 3,000 shares. Insider sales of the common stock occurred on 4 occasions, with total insider shares sold totaling 24,399 shares.
However, the script later moved the day high at 78.17, down -0.44%. The company’s stock has a 5-day price change of 0.44% and 9.94% over the past three months. ALC shares are trading -0.74% year to date (YTD), with the 12-month market performance up to 2.81% higher. It has a 12-month low price of $63.78 and touched a high of $86.20 over the same period. ALC has an average intraday trading volume of 811.34K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.28%, 1.70%, and -0.63% respectively.
Institutional ownership of Alcon Inc. (NYSE: ALC) shares accounts for 52.85% of the company’s 491.80M shares outstanding.
It has a market capitalization of $38.13B and a beta (3y monthly) value of 0.90. The stock’s trailing 12-month PE ratio is 85.59, while the earnings-per-share (ttm) stands at $0.91. The company has a PEG of 5.38 and a Quick Ratio of 1.29 with the debt-to-equity ratio at 0.25. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.10% over the week and 1.47% over the month.
Analysts forecast that Alcon Inc. (ALC) will achieve an EPS of $0.68 for the current quarter, $0.76 for the next quarter and $3.01 for 2024. The lowest estimate earnings-per-share for the quarter is $0.65 while analysts give the company a high EPS estimate of $0.7. Comparatively, EPS for the current quarter was $0.42 a year ago. Earnings per share for the fiscal year are expected to increase by 21.29%, and 11.31% over the next financial year. EPS should grow at an annualized rate of 15.91% over the next five years, compared to 5.41% over the past 5-year period.
Looking at the support for the ALC, a number of firms have released research notes about the stock. KeyBanc Capital Markets stated their Overweight rating for the stock in a research note on February 06, 2024, with the firm’s price target at $87.
