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In a challenging market environment, Alvotech ’s stock has touched a 52-week low, with shares falling to $8.78. The biopharmaceutical company, which specializes in the development and manufacture of biosimilar medicines, has faced a tough year, with its stock price reflecting a significant downturn. According to InvestingPro data, the company’s RSI indicates oversold territory, while maintaining strong fundamentals with liquid assets exceeding short-term obligations and impressive revenue growth of over 426% in the last twelve months. Over the past year, Alvotech has seen its stock value decrease by 20.57%, a substantial decline that has concerned investors and market analysts alike. This latest price level serves as a critical marker for the company, as it navigates through the complexities of the pharmaceutical industry and strives to regain its footing in the financial markets. Notably, InvestingPro analysis suggests the stock is currently undervalued, with analyst price targets ranging from $14 to $28. Discover more insights and 8 additional ProTips for Alvotech in the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.
In other recent news, Alvotech SA (NASDAQ:ALVO) reported a substantial revenue increase in Q4 2024, with total revenues reaching $492 million, marking a 400% growth compared to the previous year. Despite this impressive revenue surge, the company faced a setback with an earnings per share (EPS) loss of $0.22, falling short of the projected EPS gain of $0.01. The company attributes its revenue growth to successful launches of biosimilars for HUMIRA and STELARA in various markets. Additionally, Alvotech’s product revenues increased by 460% to $273 million, and the product gross margin improved significantly to 45% during the quarter.
The company also projected revenue growth for 2025, estimating a range of $570 to $670 million, representing a 25% increase. Furthermore, Alvotech anticipates an adjusted EBITDA between $180 million and $260 million. In strategic moves, Alvotech has expanded its R&D capabilities through the acquisition of X Brain operations in Sweden. The company is also exploring a potential listing on the Stockholm Exchange. These recent developments underscore Alvotech’s strategic efforts to enhance its operational capabilities and market presence.
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