Fidelity Management & Research Co has recently announced that it has increased stake in AlloVir Inc. (NASDAQ:ALVR) by 1.36%. After grabbing 7.29 million shares, the institutional investor is now in possession of 97964.0 shares of the Healthcare Company. The new investment brought the stake of investor firm to 7.82% having worth around $37.38 million. Moreover, Invus Public Equities Advisors LL increased its share by 3.25 million to have a control over 5.58 million shares. And Alkeon Capital Management LLC raised its holdings to 2.17 million shares by acquiring 4.92 million shares or 5.28% of the stake.
AlloVir Inc. (ALVR) concluded trading on 01/18/23 at a closing price of $5.30, with 0.25 million shares of worth about $1.35 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 3.31% during that period and on Wednesday the price saw a loss of about -6.69%. Currently the company’s common shares owned by public are about 84.95M shares, out of which, 46.69M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 4 analysts are covering the ALVR stock and their offered price forecasts bring an average price target of $26.25. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $30.00 and could fall to a lowest price of $23.00. The stock’s current price level is 79.81% above of average price target set by the analysts, while a rise to estimated low would result in gain of 76.96% for the stock. However, touching the estimated high of $30.00 would mean a gain of 82.33% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 53 times over the past 12 months. They bought 16,544,605 shares in 17 of the transactions. In 36 selling transactions, insiders dumped 219,150 shares.
ACAP Strategic Fund, Fidelity Growth Company Fund, and Vanguard Total Stock Market Index are the top 3 mutual funds which are holding stakes in AlloVir Inc. ACAP Strategic Fund is currently holding 2.47 million shares of worth totaling $12.65 million. The company recently came buying 1.1 million shares which brought its stake up to 2.65% of the company’s outstanding shares. Fidelity Growth Company Fund sold 51444.0 shares, after which its hold over company’s outstanding shares shrunk to 2.32%, leaving 2.16 million shares with the mutual fund that have a worth of about $11.07 million. Vanguard Total Stock Market Index, after buying 1.27 million shares, have now control over 1.37% of the stake in the company. It holds 0.0 shares of worth $6.53 million.
AlloVir Inc. (NASDAQ: ALVR) started trading at $5.74, above $0.06 from concluding price of the previous day. However, the stock later moved at a day high price of 5.78, or with a loss of -6.69%. Stock saw a price change of -1.30% in past 5 days and over the past one month there was a price change of -12.54%. Year-to-date (YTD), ALVR shares are showing a performance of 3.31% which decreased to -49.04% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $3.17 but also hit the highest price of $10.36 during that period. The average intraday trading volume for AlloVir Inc. shares is 268.93K. The stock is currently trading -1.95% below its 20-day simple moving average (SMA20), while that difference is down -19.36% for SMA50 and it goes to -14.64% lower than SMA200.
Fidelity Management & Research Co acquired 7.29 million shares of AlloVir Inc. having value of about $37.38 million. Data submitted at the U.S SEC by Fidelity Management & Research Co revealed that the firm now holds 97964.0 shares in the company valued at close to $519209.2, or have control over 1.36% stake in the company. AlloVir Inc. (NASDAQ: ALVR) currently have 84.95M outstanding shares and institutions hold larger chunk of about 40.40% of that. Holding of mutual funds in the company is about 23.01% while other institutional holders and individual stake holders have control over 45.99% and 16.95% of the stake respectively.
The stock has a current market capitalization of $494.65M. It has posted earnings per share of -$2.79 in the same period. It has Quick Ratio of 13.10 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ALVR, volatility over the week remained 8.45% while standing at 8.58% over the month.
Analysts are in expectations that AlloVir Inc. (ALVR) stock would likely to be making an EPS of -$0.53 in the current quarter, while forecast for next quarter EPS is -$0.57 and it is -$2.28 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.6 which is -$0.47 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.72 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -143.10% while it is estimated to increase by 2.60% in next year.
Analysts at 4 brokerage firms have issued recommendations for the AlloVir Inc. (ALVR)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.70. Out of those 4 Wall Street analysts, 4 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Morgan Stanley on October 19, 2021 offering an Overweight rating for the stock and assigned a target price of $48 to it. Coverage by SVB Leerink stated AlloVir Inc. (ALVR) stock as an Outperform in their note to investors on August 24, 2020, suggesting a price target of $41 for the stock. On August 24, 2020, Morgan Stanley Initiated their recommendations, while on August 24, 2020, JP Morgan Initiated their ratings for the stock with a price target of $50.
