What’s happening at Alvotech (NasdaqGM:ALVO)? What made the stock one of the top performing stock today? The company is indeed among the top gainers of the stock market, skyrocketing 11.63% (or 1.12 points) to $10.75 from its previous close of $9.63. So is it the right moment to buy?
The shares had an increased trading volume of 79,402 contracts this session compared to the average daily volume of last 10 days of 76,180 contracts and they had an increased trading volume compared to the average daily volume of last 3 months of 38,885 contracts.
The indicator of a company’s profitability, the earnings per share ratio is -2.81. This value shows how much money a company makes for each share of its stock. A higher EPS indicates more value because investors will pay more for a company with higher profits. This is negative and tells you exactly how much money the company lost per share of its 266.0M outstanding stocks.
The closing market price for this trading session was 60.45% over 52 weeks minimum price of $6.70 and 26.37% under 52 weeks maximum price of $14.60. Also the price is 10.66% greater than 200 day average of $9.71 and 18.23% greater than 50 day average of $9.09.
At post-market close the stock price was $10.54, thus decreasing -1.95% (or -0.21 points) with respect to regular market close.
Latest news that might have contributed to the great perfomance of ALVO today are:
- Alvotech Announces Positive Top-Line Results from a Pharmacokinetic Study for AVT05, a Proposed Biosimilar for Simponi® and Simponi Aria®, published on Wed, 29 Nov 2023 09:00:00 +0000
- Alvotech Reports Financial Results for First Nine Months of 2023 and Provides a Business Update, published on Tue, 28 Nov 2023 21:15:00 +0000
- Alvotech to Report Financial Results for the First Nine Months of 2023 on November 28, 2023, and Host Business Update Conference Call on November 29, 2023, at 8:00 am ET, published on Tue, 21 Nov 2023 13:00:00 +0000