Alvotech (NASDAQ: ALVO) is -31.90% lower on its value in year-to-date trading and has touched a low of $7.35 and a high of $13.81 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 ALVO stock was last observed hovering at around $9.22 in the last trading session, with the day’s loss setting it -0.21%.
Currently trading at $9.01, the stock is -13.53% and -4.68% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.14 million and changing -2.28% at the moment leaves the stock -20.56% off its SMA200. ALVO registered -35.87% loss for a year compared to 6-month loss of -23.64%.
The stock witnessed a -10.53% gain in the last 1 month and extending the period to 3 months gives it a -20.55%, and is -10.88% 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 1.44% over the week and 3.46% over the month.
Alvotech (ALVO) has around 1032 employees, a market worth around $2.72B and $562.74M in sales. Current P/E ratio is 26.72 and Fwd P/E is 18.29. Profit margin for the company is 17.16%. Distance from 52-week low is 22.59% and -34.76% from its 52-week high. The company has generated returns on investments over the last 12 months (10.96%).
The EPS is expected to grow by 123.79% this year
The shares outstanding are 301.81M, and float is at 108.97M with Short Float at 1.42%.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 3.16 million shares valued at $38.42 million. The investor’s holdings represent 1.2215 of the ALVO Shares outstanding. As of 2024-06-30, the second largest holder is BRACEBRIDGE CAPITAL, LLC with 2.71 million shares valued at $32.9 million to account for 1.0458 of the shares outstanding. The other top investors are OAKTREE CAPITAL MANAGEMENT LP which holds 2.53 million shares representing 0.9788 and valued at over $30.79 million, while LITTLEJOHN & CO LLC holds 0.5097 of the shares totaling 1.32 million with a market value of $16.03 million.
