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AlloVir (NASDAQ:ALVR) Hits New 1-Year Low - What's Next?

AlloVir logo with Medical background

AlloVir, Inc. (NASDAQ:ALVR - Get Free Report) shares hit a new 52-week low on Thursday . The stock traded as low as $7.97 and last traded at $8.40, with a volume of 12995 shares trading hands. The stock had previously closed at $8.77.

AlloVir Trading Up 3.1 %

The company has a market cap of $1.07 billion, a price-to-earnings ratio of -10.55 and a beta of 0.65. The business's 50 day moving average price is $0.67 and its 200-day moving average price is $0.74.

AlloVir (NASDAQ:ALVR - Get Free Report) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.10.

Institutional Trading of AlloVir

A hedge fund recently bought a new stake in AlloVir stock. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of AlloVir, Inc. (NASDAQ:ALVR - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 76,278 shares of the company's stock, valued at approximately $55,000. Point72 Asia Singapore Pte. Ltd. owned approximately 0.07% of AlloVir as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 66.05% of the company's stock.

AlloVir Company Profile

(Get Free Report)

Allovir, Inc, a clinical-stage cell therapy company, engages in the research and development of allogeneic, off-the-shelf multi-virus specific T cell (VST) therapies to prevent and treat devastating viral-associated diseases. The company's lead product is posoleucel, an allogeneic, off-the-shelf VST therapy, to treat BK virus, cytomegalovirus, adenovirus, Epstein-Barr virus, human herpesvirus 6, and JC virus.

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