Alvotech (NASDAQ: ALVO) is -25.65% lower on its value in year-to-date trading and has touched a low of $7.35 and a high of $13.70 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 $8.93 in the last trading session, with the day’s gains setting it 0.26%.
Currently trading at $9.19, the stock is -3.83% and -4.29% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.2 million and changing 2.91% at the moment leaves the stock -18.27% off its SMA200. ALVO registered -30.54% loss for a year compared to 6-month loss of -29.42%. The firm has a 50-day simple moving average (SMA 50) of $9.6021 and a 200-day simple moving average (SMA200) of $11.244075.
The stock witnessed a -19.74% gain in the last 1 month and extending the period to 3 months gives it a 0.00%, and is -2.44% 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 2.96% over the week and 3.91% over the month.
Alvotech (ALVO) has around 1032 employees, a market worth around $2.77B and $562.74M in sales. Current P/E ratio is 27.25 and Fwd P/E is 17.93. Profit margin for the company is 17.16%. Distance from 52-week low is 25.03% and -32.92% 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 124.17% this year
79.0 institutions hold shares in Alvotech (ALVO), with institutional investors hold 17.62% of the company’s shares. The shares outstanding are 301.81M, and float is at 108.97M with Short Float at 1.28%. Institutions hold 6.44% of the Float.
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.
