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NASDAQ:ALVO

Alvotech (ALVO) Stock Price, News & Analysis

$12.15
-0.09 (-0.74%)
(As of 07/3/2024 ET)
Today's Range
$12.05
$12.40
50-Day Range
$12.00
$14.51
52-Week Range
$8.03
$18.00
Volume
60,710 shs
Average Volume
149,912 shs
Market Capitalization
N/A
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$16.00

Alvotech MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
31.7% Upside
$16.00 Price Target
Short Interest
Healthy
0.08% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.17mentions of Alvotech in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.66) to ($0.02) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.78 out of 5 stars

ALVO stock logo

About Alvotech Stock (NASDAQ:ALVO)

Alvotech, through its subsidiaries, develops and manufactures biosimilar medicines for patients worldwide. It offers biosimilar products in the therapeutic areas of autoimmune, eye, and bone disorders, as well as cancer. The company's lead program is AVT02, a high concentration formulation biosimilar to Humira to treat various inflammatory conditions, including rheumatoid arthritis, psoriatic arthritis, Crohn's disease, ulcerative colitis, plaque psoriasis, and other indications; AVT04, a biosimilar to Stelara to treat various inflammatory conditions comprising psoriatic arthritis, Crohn's disease, ulcerative colitis, plaque psoriasis, and other indications; AVT06, a biosimilar to Eylea to treat various conditions, such as age-related macular degeneration, macular edema, and diabetic retinopathy; and AVT03, a biosimilar to Xgeva and Prolia, which is in the pre-clinical phase to treat prevent bone fracture, spinal cord compression, and the need for radiation or bone surgery in patients with certain types of cancer, as well as prevent bone loss and increase bone mass. In addition, it offers AVT05, a biosimilar to Simponi and Simponi Aria, which is in early phase development to treat various inflammatory conditions, including rheumatoid arthritis, psoriatic arthritis, ulcerative colitis, and other indications; AVT16, a biosimilar to an Entyvio product; AVT23, a biosimilar to Xolair, which is in late-stage development to treat nasal polyps; and AVT33, a biosimilar to an Keytruda product. Alvotech was founded in 2013 and is based in Luxembourg, Luxembourg.

ALVO Stock Price History

ALVO Stock News Headlines

Alvotech Issues New Shares to Holders of Convertible Bonds
Alvotech Issues New Shares to Holders of Convertible Bonds
Massive July 4th Discount Inside
To celebrate this Independence Day, we've arranged a special deal for you... We've partnered with Behind the Markets to make sure YOU get access to an exclusive 90% off sale not being offered to the public.
Massive July 4th Discount Inside
To celebrate this Independence Day, we've arranged a special deal for you... We've partnered with Behind the Markets to make sure YOU get access to an exclusive 90% off sale not being offered to the public.
Alvotech Announces Strategic Refinancing Agreement
Alvotech Announces Strategic Refinancing Agreement
TEVA Jan 2025 21.000 put
See More Headlines
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Company Calendar

Last Earnings
5/22/2024
Today
7/04/2024
Next Earnings (Estimated)
9/04/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Medical
Industry
Biological products, except diagnostic
Sub-Industry
N/A
Current Symbol
NASDAQ:ALVO
Fax
N/A
Employees
1,026
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$16.00
High Stock Price Target
$22.00
Low Stock Price Target
$10.00
Potential Upside/Downside
+31.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$-551,730,000.00
Net Margins
-633.61%
Pretax Margin
-712.04%

Debt

Sales & Book Value

Annual Sales
$93.38 million

Miscellaneous

Free Float
N/A
Optionable
Not Optionable
Beta
-0.08
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Key Executives

  • Mr. Robert Wessman (Age 54)
    CEO, Founder & Executive Chairman
    Comp: $1.52M
  • Mr. Faysal Kalmoua (Age 48)
    COO & Director
  • Mr. Joel Morales (Age 46)
    Chief Financial Officer
  • Mr. Giedrius Zunda
    Chief Technical Officer
  • Mr. Joseph E. McClellan (Age 50)
    Chief Scientific Officer
  • Ms. Tanya Zharov (Age 57)
    General Counsel
  • Ms. Jenny Sif Steingrimsdottir
    Vice President of People & Culture
  • Mr. Anil Okay (Age 38)
    Chief Commercial Officer
  • Mr. Ming Li (Age 47)
    Chief Strategy Officer
  • Ms. Christina Siniscalchi
    Chief Quality Officer

ALVO Stock Analysis - Frequently Asked Questions

Should I buy or sell Alvotech stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Alvotech in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" ALVO shares.
View ALVO analyst ratings
or view top-rated stocks.

What is Alvotech's stock price target for 2024?

2 analysts have issued 1 year price targets for Alvotech's shares. Their ALVO share price targets range from $10.00 to $22.00. On average, they predict the company's share price to reach $16.00 in the next year. This suggests a possible upside of 31.7% from the stock's current price.
View analysts price targets for ALVO
or view top-rated stocks among Wall Street analysts.

How have ALVO shares performed in 2024?

Alvotech's stock was trading at $11.48 on January 1st, 2024. Since then, ALVO shares have increased by 5.8% and is now trading at $12.15.
View the best growth stocks for 2024 here
.

Are investors shorting Alvotech?

Alvotech saw a decrease in short interest in the month of June. As of June 15th, there was short interest totaling 44,000 shares, a decrease of 53.1% from the May 31st total of 93,900 shares. Based on an average daily trading volume, of 181,500 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company's shares are short sold.
View Alvotech's Short Interest
.

When is Alvotech's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, September 4th 2024.
View our ALVO earnings forecast
.

How were Alvotech's earnings last quarter?

Alvotech (NASDAQ:ALVO) posted its quarterly earnings data on Wednesday, May, 22nd. The company reported ($0.89) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.08) by $0.81. The company had revenue of $36.89 million for the quarter. During the same quarter last year, the business earned ($1.24) EPS.

What guidance has Alvotech issued on next quarter's earnings?

Alvotech issued an update on its second quarter 2024 earnings guidance on Monday, July, 1st. The company provided EPS guidance of for the period. The company issued revenue guidance of $196.0 million-$201.0 million, compared to the consensus revenue estimate of $160.0 million.

How do I buy shares of Alvotech?

Shares of ALVO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:ALVO) was last updated on 7/4/2024 by MarketBeat.com Staff

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