ALVO stock is currently trading at $12.46, near its 52-week low of $10.50, indicating potential undervaluation. The FDA's acceptance of the Biologics License Application for AVT05, a biosimilar to Simponi, positions Alvotech for significant growth if approval is granted by Q4 2025. However, the stock recently broke below its 200-day moving average, signaling bearish technical momentum in the short term.