With 0.51 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.14 million shares. The 52-week range on ALVO shows that it touched its highest point at $14.65 and its lowest point at $7.35 during that stretch. It currently has a 1-year price target of $18.00. Beta for the stock currently stands at -0.01.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ALVO was up-trending over the past week, with a rise of 17.76%, but this was up by 10.76% over a month. Three-month performance dropped to -25.02% while six-month performance fell -24.96%. The stock lost -30.16% in the past year, while it has lost -26.83% so far this year. A look at the trailing 12-month EPS for ALVO yields 0.34 with Next year EPS estimates of 0.87. For the next quarter, that number is -0.00. This implies an EPS growth rate of 134.96% for this year and 187.04% for next year.
Float and Shares Shorts:
At present, 301.81 million ALVO shares are outstanding with a float of 108.97 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ALVO since 3 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$0.11156 being high and -$0.13489 being low. For ALVO, this leads to a yearly average estimate of -$0.12549.
