ALUR Stock Summary and Trading Ideas (Allurion Technologies | NYSE:ALUR)

Allurion Technologies Inc is a medical device company that focuses on creating a best-in-class weight loss platform to treat overweight patients. Its platform, the Allurion Program, features the world's first and only swallowable, procedure-less intragastric balloon for weight loss and offers access to AI-powered remote patient monitoring tools, a proprietary behavior change program, secure messaging, and video telehealth that are delivered by the Allurion VCS. Its proprietary intragastric balloon, the Allurion Balloon, is in the form of a swallowed capsule that is administered to patients under the guidance of a healthcare provider without surgery, endoscopy, or anesthesia.

Allurion Technologies trades on the NYSE stock market under the symbol ALUR.

As of December 26, 2024, ALUR stock price climbed to $0.43 with 1,521,954 million shares trading.

ALUR has a beta of 2.12, meaning it tends to be more sensitive to market movements. ALUR has a correlation of 0.03 to the broad based SPY ETF.

ALUR has a market cap of $28.06 million. This is considered a Sub-Micro Cap stock.

Last quarter Allurion Technologies reported $5 million in Revenue and -$.14 earnings per share. This fell short of revenue expectation by $-3 million and exceeded earnings estimates by $.04.

The top ETF exchange traded funds that ALUR belongs to (by Net Assets): VTI, VXF, IWC.

ALUR has underperformed the market in the last year with a return of -87.8%, while the SPY ETF gained +28.5%. In the last 3 month period, ALUR fell short of the market, returning -33.4%, while SPY returned +5.6%. However, in the most recent 2 weeks ALUR has outperformed the stock market by returning +20.6%, while SPY returned +0.1%.

ALUR support price is $.35 and resistance is $.43 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ALUR shares will trade within this expected range on the day.