Avid Bioservices Inc (CDMO) concluded trading on Thursday at a closing price of $6.10, with 14.99 million shares of worth about $91.42 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -50.00% during that period and on Thursday the price saw a loss of about -30.60%. Currently the company’s common shares owned by public are about 62.69M shares, out of which, 62.58M shares are available for trading.
However, the stock later moved at a day high price of 6.61, or with a loss of -30.60%. Stock saw a price change of -20.57% in past 5 days and over the past one month there was a price change of -6.44%. Year-to-date (YTD), CDMO shares are showing a performance of -6.15% which decreased to -61.88% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $4.07 but also hit the highest price of $21.05 during that period. The average intraday trading volume for Avid Bioservices Inc shares is 1.41 million. The stock is currently trading -19.73% below its 20-day simple moving average (SMA20), while that difference is down -12.08% for SMA50 and it goes to -36.58% lower than SMA200.
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Avid Bioservices Inc (NASDAQ: CDMO) currently have 62.69M outstanding shares and institutions hold larger chunk of about 91.15% of that.
The stock has a current market capitalization of $385.76M and its 3Y-monthly beta is at 1.64. It has posted earnings per share of -$0.18 in the same period. It has Quick Ratio of 0.85 while making debt-to-equity ratio of 1.07. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CDMO, volatility over the week remained 8.01% while standing at 7.44% over the month.
Analysts are in expectations that Avid Bioservices Inc (CDMO) stock would likely to be making an EPS of -$0.05 in the current quarter, while forecast for next quarter EPS is -$0.03 and it is -$0.03 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.07 which is -$0.03 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 $0.01 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -2775.00% while it is estimated to increase by 86.92% in next year.
Coverage by KeyBanc Capital Markets stated Avid Bioservices Inc (CDMO) stock as an Overweight in their note to investors on March 14, 2023, suggesting a price target of $20 for the stock. On December 08, 2021, KeyBanc Capital Markets Downgrade their recommendations, while on March 17, 2021, RBC Capital Mkts Initiated their ratings for the stock with a price target of $21. Stock get an Overweight rating from KeyBanc Capital Markets on November 10, 2020.
