For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
Alvotech (NASDAQ: ALVO) closed the day trading at $11.68 down -1.35% from the previous closing price of $11.84. In other words, the price has decreased by -$1.35 from its previous closing price. On the day, 62728.0 shares were traded. ALVO stock price reached its highest trading level at $11.88 during the session, while it also had its lowest trading level at $11.625.
Ratios:
For a better understanding of ALVO, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.92 and its Current Ratio is at 2.69.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Barclays on January 29, 2024, Upgraded its rating to Overweight and sets its target price to $17 from $10 previously.
On October 20, 2023, Citigroup Upgraded its rating to Neutral which previously was Sell and also upped its target price recommendation from $5 to $10.
On September 21, 2023, Barclays started tracking the stock assigning a Equal Weight rating and target price of $10.Barclays initiated its Equal Weight rating on September 21, 2023, with a $10 target price.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ALVO now has a Market Capitalization of 3526705920 and an Enterprise Value of 4549940736. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.58. Its current Enterprise Value per Revenue stands at 14.738 whereas that against EBITDA is -43.519.
Stock Price History:
Over the past 52 weeks, ALVO has reached a high of $18.00, while it has fallen to a 52-week low of $9.08. The 50-Day Moving Average of the stock is -5.01%, while the 200-Day Moving Average is calculated to be -9.52%.
Shares Statistics:
Over the past 3-months, ALVO traded about 94.84K shares per day on average, while over the past 10 days, ALVO traded about 55700 shares per day. A total of 266.82M shares are outstanding, with a floating share count of 109.14M. Insiders hold about 63.80% of the company’s shares, while institutions hold 5.26% stake in the company. Shares short for ALVO as of 1730332800 were 79013 with a Short Ratio of 1.23, compared to 1727654400 on 80195. Therefore, it implies a Short% of Shares Outstanding of 79013 and a Short% of Float of 0.06999999999999999.
