In a turbulent market environment, Allovir Inc (ALVR) stock has plummeted to a 52-week low, touching a price level of just $0.5. According to InvestingPro data, this represents a stark 79% decline from its 52-week high of $2.48. This significant downturn reflects a stark contrast to the company's performance over the past year, with Allovir experiencing a precipitous 1-year change of -75.6%. While investors have watched with concern as the stock struggled to maintain its value, InvestingPro analysis shows the company maintains strong liquidity with a current ratio of 86.78 and holds more cash than debt on its balance sheet. The current price level presents a critical moment for Allovir, as market participants consider the company's future prospects and potential for recovery. InvestingPro's Fair Value analysis suggests the stock may be undervalued at current levels, though investors should note that analysts do not anticipate profitability this year.
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