At the time of writing, Avid Bioservices Inc [CDMO] stock is trading at $10.36, down -0.67%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The CDMO shares have gain 1.57% over the last week, with a monthly amount drifted -10.77%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, KeyBanc Capital Markets upgraded its rating to Overweight on March 14, 2023, and kept the price target unchanged to $20. On December 08, 2021, downgrade downgraded it’s rating to Sector Weight. RBC Capital Mkts started tracking the stock assigning a Outperform rating and suggested a price target of $21 on March 17, 2021. KeyBanc Capital Markets initiated its recommendation with a Overweight and recommended $12 as its price target on November 10, 2020. First Analysis Sec upgraded its rating to Strong Buy for this stock on December 10, 2019. In a note dated October 17, 2019, Stephens initiated an Overweight rating and provided a target price of $8 on this stock.
For the past year, the stock price of Avid Bioservices Inc fluctuated between $4.07 and $12.48. Currently, Wall Street analysts expect the stock to reach $8 within the next 12 months. Avid Bioservices Inc [NASDAQ: CDMO] shares were valued at $10.36 at the most recent close of the market. An investor can expect a potential drop of -22.78% based on the average CDMO price forecast.
Analyzing the CDMO fundamentals
According to Avid Bioservices Inc [NASDAQ:CDMO], the company’s sales were 142.36M for trailing twelve months, which represents an 6.49% jump. Gross Profit Margin for this corporation currently stands at 0.06% with Operating Profit Margin at -0.13%, Pretax Profit Margin comes in at -0.21%, and Net Profit Margin reading is -1.01%. To continue investigating profitability, this company’s Return on Assets is posted at -0.43, Equity is -1.19 and Total Capital is -0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.67.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 10.09 points at the first support level, and at 9.83 for the second support level. However, for the 1st resistance point, the stock is sitting at 10.58, and for the 2nd resistance point, it is at 10.81.
Ratios To Look Out For
It is important to note that Avid Bioservices Inc [NASDAQ:CDMO] has a current ratio of 1.46. In addition, the Quick Ratio stands at 1.05 and the Cash Ratio stands at 0.47. Considering the valuation of this stock, the price to sales ratio is 4.64, the price to book ratio is 11.27.
Transactions by insiders
Recent insider trading involved Kwietniak Matthew R., Chief Commercial Officer, that happened on Oct 14 ’24 when 119.0 shares were sold. Chief Operations Officer, Richieri Richard A. completed a deal on Oct 10 ’24 to sell 2031.0 shares. Meanwhile, Chief Operations Officer Richieri Richard A. sold 201.0 shares on Oct 10 ’24.
