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In a stark reflection of investor sentiment, Allovir Inc (ALVR) stock has plummeted to its 52-week low, trading at a mere $0.51. This significant downturn marks a troubling period for the biotechnology company, which has seen its stock value erode by an alarming 65.46% over the past year. The steep decline to this price level underscores the challenges Allovir has faced in the market, as shareholders grapple with the company's performance and future prospects amidst a volatile biotech sector.
InvestingPro Insights
The recent plunge in Allovir Inc (ALVR) stock price is further contextualized by InvestingPro data, which reveals a market capitalization of just $60.64 million. This low valuation aligns with the company's current struggles, as reflected in its stock performance. InvestingPro Tips highlight that Allovir is not profitable over the last twelve months and analysts do not anticipate the company will be profitable this year, factors likely contributing to investor wariness.
The stock's poor performance is quantified by a one-month price total return of -31.51%, corroborating the article's mention of the significant downturn. Despite these challenges, an InvestingPro Tip notes that Allovir holds more cash than debt on its balance sheet, potentially providing some financial flexibility as it navigates this difficult period.
For investors seeking a more comprehensive analysis, InvestingPro offers 7 additional tips for Allovir, providing deeper insights into the company's financial health and market position.
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