How to Buy Allurion Technologies Stock
Allurion Technologies Inc
Allurion Technologies is a medical device company located in Massachusetts, United States, which is part of the Healthcare sector, and is traded under the ticker ALUR on the NYSE exchange.
Allurion Technologies stock last closed at $2.35, up 16.92% from the previous day, and has decreased 77.4% in one year. It has underperformed other stocks in the Medical Devices industry by 0.62 percentage points. Allurion Technologies stock is currently +50.64% from its 52-week low of $1.56, and -78.52% from its 52-week high of $10.94.
At the moment, there are 47.85M shares of ALUR outstanding. The market cap of ALUR is $112.45M. In the last 24 hours, 146,566 ALUR shares were traded.
How to Buy Allurion Technologies Stock
Wondering how to invest in Allurion Technologies stock? Here's how.
- Figure out where to buy Allurion Technologies stock: You need to choose a stock brokerage, but don't worry - we've sifted through dozens of online brokerages and apps to help you figure out where to buy Allurion Technologies stock.
- Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Fund your investment account: Pick your method of payment and add your info.
- Research Allurion Technologies stock: The Allurion Technologies ticker symbol is ALUR. Is Allurion Technologies stock a good investment? Should you buy shares of ALUR? How do ALUR's underlying business fundamentals look? Do top analysts think Allurion Technologies is a good buy? Why has ALUR's stock price moved recently? (Hint: Our stock market analysis website can help you evaluate if ALUR is a good stock to buy).
- Make your ALUR purchase: Decide if you will purchase ALUR shares at the current market price or use a limit order to purchase ALUR shares at a given price.
- Watch your investment in ALUR: Create a watchlist to get the latest news on your position in Allurion Technologies shares.
Step 1: Figure out where to buy Allurion Technologies stock
You need a brokerage account in order to access the NYSE market and buy ALUR stock.
Our preferred brokerage: eToro
Based on our research, eToro is the best brokerage. Here's why:
- You can invest in stocks with 0% commissions: Invest without paying trading commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still buy the stock.
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- Social investing: eToro has a community with more than 20 million users worldwide. Talk to, learn from, and copy the unique crypto portfolios of top investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your share purchase by signing up for an account with eToro now.
Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've selected the right brokerage, you need to fill out some personal info so you can invest in ALUR stock today.
How to Set Up a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to create your new brokerage account.
- Submit your details by clicking the "Create Account" button. Get started with eToro today
Step 3: Fund your investment account
Now that you have opened your account on the highest rated app to buy and sell stocks, you need to deposit funds:
Watch this video walkthrough to see the process of transferring money into your brokerage account.
Step 4: Research Allurion Technologies stock
Once you have selected the best place to buy Allurion Technologies stock, it's important to research their stock before you buy, so you truly comprehend the risk and upside.
Allurion Technologies Numbers
ALUR Due Diligence Checks
WallStreetZen was built to help part-time investors perform better fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on ALUR's stock page.
Is ALUR stock overvalued?
You can use many financial metrics, analyses, models, and charts to gauge ALUR's true value.
You can do additional valuation analysis on ALUR's stock here.
How do ALUR Financials look?
Negative Financial Indicators:
- There are more long-term liabilities than short-term assets on the ALUR balance sheet.
- ALUR profit margin has gone down from -63.3% to -153.9% in the past year.
- ALUR debt to equity ratio of -2.02 is negative.
- Total ALUR debt is still negative.
- ALUR has $38.04M in cash and short term investments. This is not enough to cover its annual cash burn of $65.59M.
- ALUR has cash burn of 65588000. It does not have enough cash and short-term investments to cover this.
- There are more short-term liabilities than short-term assets on the ALUR balance sheet.
Is it a good time to buy ALUR stock, according to Wall Street analysts?
Out of 2 Wall Street analysts who give recommendations on ALUR, the consensus analyst rating on Allurion Technologies is a Strong Buy
It's important to note that analyst ratings are not recommendations, nor are they financial advice.
You can dig deeper into what analysts are projecting on the Allurion Technologies stock forecast page.
ALUR Trading Indicators
ALUR Earnings
Last year, ALUR revenue was $53.47M. Over the past two year, ALUR's revenue has grown by 18.24% per year. This was faster than the Medical Devices industry average of 13.03%.
You can analyze ALUR's earnings and revenue performance here.
Latest Insiders Trades at ALUR
Over the past 12 months, insiders at ALUR have bought more shares than they have sold.
Benoit Chardon, Chief Commercial Officer of ALUR, was the latest ALUR insider to buy. They bought $35,233.08 worth of ALUR shares on Dec 12, 2023.
Get more info about who owns ALUR stock here.
Does ALUR stock generate passive income?
No, Allurion Technologies doesn't provide an income stream by paying out dividends.
What others are saying about ALUR
One of the reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other traders have to say.
Step 5: Make your ALUR purchase
There are two primary order types:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are usually fine. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a specific dollar amount limit, place a limit order.
Click the Open Trade button and eToro will place your order.
If you want additional help buying stocks on eToro, watch the helpful video below:
Step 6: Watch your investment in ALUR
Now that you own some ALUR shares, you'll want to stay up-to-date on your shares.
Create a watchlist to get notified of important updates regarding your ALUR stock.
ALUR Feed
How to Buy Stock in Allurion Technologies
To summarize, here are the 6 steps you need to take to buy Allurion Technologies stock right now:
- Figure out where to buy Allurion Technologies stock
- Sign up for your brokerage account
- Fund your investment account
- Research Allurion Technologies stock
- Make your ALUR purchase
- Watch your investment in ALUR
If you require a place to buy stocks, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to monitor your investment in Allurion Technologies, add ALUR to your watchlist by clicking the button below.
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