As of Friday close, Alvotech’s (NASDAQ:ALVO) stock was up $0.59, moving up 6.57 percent to $9.57. The average number of shares traded per day over the past five days has been 204,260 shares. 3 times new highs have been achieved over the past 5 days, with a $0.67 gain in that time frame. In the last twenty days, the average volume was 104,700, while in the previous 50 days, it was 128,802.
Since last month, ALVO stock retreated -2.84%. Shares of the company fell to $8.54 on 08/07/23, the lowest level in the past month. A 52-week high of $14.60 was reached on 02/27/23 after having rallying from a 52-week low of $5.52. Since the beginning of this year, ALVO’s stock price has dropped by -4.30% or -$0.43, and marked a new high 8 times. However, the stock has declined by -34.45% since its 52-week high.
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Financial Health
In the recent quarter, Alvotech’s quick ratio stood at 1.20, while its current ratio was 1.70, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is -1.30% percent. Based on annual data, ALVO earned $18.93 million in gross profit and brought in $83.03 million in revenue.
During the quarter, the company generated -$91.43 million in EBITDA. The liabilities of Alvotech were 1.55 billion at the end of its most recent quarter, and its total debt was $835.79 million.
Technical Picture
This quick technical analysis looks at Alvotech’s (ALVO) price momentum. With a historical volatility rate of 33.58%, the RSI 9-day stood at 66.02% on 18 August.
With respect to its five-day moving average, the current Alvotech price is up by +7.53% percent or $0.67. At present, ALVO shares trade -3.33% below its 20-day simple moving average and -29.16% percent below its 100-day simple moving average. However, the stock is currently trading approximately +16.71% above its SMA50 and +54.35% above its SMA200.
Stochastic coefficient K was 39.55% and Stochastic coefficient D was 26.82%, while ATR was 0.46. Given the Stochastic reading of 71.02% for the 14-day period, the RSI (14) reading has been calculated as 60.15%. As of today, the MACD Oscillator reading stands at 0.14, while the 14-day reading stands at 0.09.
Analyst Ratings
Morgan Stanley launched its rating on Alvotech (NASDAQ: ALVO) to an Equal-weight in a note to investors on September 07, 2022. Alvotech (ALVO) has been rated Overweight by analysts. According to 0 brokerage firms, ALVO is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Alvotech stock as buy, with 2 recommending it as overweight.
With a median target price of $10.50, the current consensus forecast for the stock is $6.00 – $22.00. Based on these forecasts, analysts predict Alvotech (ALVO) will achieve an average price target of $12.25.
