Alvotech Stock Price on September 30, 2023
| ALVO Stock | USD 12.44 0.02 0.16% |
If you're considering investing in Alvotech Stock, it is important to understand the factors that can impact its price. As of today, the current price of Alvotech stands at 12.44, as last reported on the 22nd of November, with the highest price reaching 12.44 and the lowest price hitting 12.30 during the day. As of now, Alvotech Stock is not too volatile. Alvotech secures Sharpe Ratio (or Efficiency) of 0.0633, which signifies that the company had a 0.0633% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Alvotech, which you can use to evaluate the volatility of the firm. Please confirm Alvotech's Mean Deviation of 1.2, standard deviation of 1.69, and Risk Adjusted Performance of (0.0007) to double-check if the risk estimate we provide is consistent with the expected return of 0.1%.
At this time, Alvotech's Stock Based Compensation is very stable compared to the past year. As of the 22nd of November 2024, Stock Based Compensation To Revenue is likely to grow to 0.37, while Common Stock Shares Outstanding is likely to drop about 160.8 M. . At this time, Alvotech's Price To Sales Ratio is very stable compared to the past year. As of the 22nd of November 2024, Price Earnings To Growth Ratio is likely to grow to 0.76, while Price Earnings Ratio is likely to drop (4.97). Alvotech Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Alvotech |
Sharpe Ratio = 0.0633
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Estimated Market Risk
| 1.64 actual daily | 14 86% of assets are more volatile |
Expected Return
| 0.1 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average Alvotech is performing at about 4% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Alvotech by adding it to a well-diversified portfolio.
Enterprise Value Ebitda (8.78) | Price Sales 12.147 | Shares Float 98.7 M | Wall Street Target Price 17.4 | Earnings Share (1.85) |
Alvotech Valuation on September 30, 2023
It is possible to determine the worth of Alvotech on a given historical date. On September 30, 2023 Alvotech was worth 9.05 at the beginning of the trading date compared to the closed value of 9.12. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Alvotech stock. Still, in general, we apply an absolute valuation method to find Alvotech's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Alvotech where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Alvotech's related companies.
| Open | High | Low | Close | Volume | |
| 8.92 | 9.23 | 8.91 | 9.08 | 28,716 | |
09/29/2023 | 9.05 | 9.29 | 9.05 | 9.12 | 40,228 |
| 9.23 | 9.23 | 9.00 | 9.02 | 44,302 |
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Alvotech Trading Date Momentum on September 30, 2023
| On October 02 2023 Alvotech was traded for 9.02 at the closing time. The top price for the day was 9.23 and the lowest listed price was 9.00 . The trading volume for the day was 44.3 K. The trading history from October 2, 2023 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 1.10% . The overall trading delta against the current closing price is 0.11% . |
Alvotech Fundamentals Correlations and Trends
By evaluating Alvotech's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Alvotech's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Alvotech financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Alvotech Stock history
Alvotech investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Alvotech is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Alvotech will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Alvotech stock prices may prove useful in developing a viable investing in Alvotech
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 227.3 M | 160.8 M | |
| Net Loss | -462.2 M | -439.1 M |
Alvotech Stock Technical Analysis
Alvotech technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Alvotech Period Price Range
Low | November 22, 2024
| High |
0.00 | 0.00 |
Alvotech cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Alvotech November 22, 2024 Market Strength
Market strength indicators help investors to evaluate how Alvotech stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Alvotech shares will generate the highest return on investment. By undertsting and applying Alvotech stock market strength indicators, traders can identify Alvotech entry and exit signals to maximize returns
Alvotech Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Alvotech's price direction in advance. Along with the technical and fundamental analysis of Alvotech Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Alvotech to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.0007) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | 0.2609 |
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alvotech. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real. To learn how to invest in Alvotech Stock, please use our How to Invest in Alvotech guide.You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Is Biotechnology space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Alvotech. If investors know Alvotech will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Alvotech listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.70) | Earnings Share (1.85) | Revenue Per Share 1.283 | Quarterly Revenue Growth 43.997 | Return On Assets (0.08) |
The market value of Alvotech is measured differently than its book value, which is the value of Alvotech that is recorded on the company's balance sheet. Investors also form their own opinion of Alvotech's value that differs from its market value or its book value, called intrinsic value, which is Alvotech's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Alvotech's market value can be influenced by many factors that don't directly affect Alvotech's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Alvotech's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alvotech is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alvotech's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.