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NASDAQ:CDMO

Avid Bioservices (CDMO) Stock Forecast, Price & News

$9.57
-0.15 (-1.54%)
(As of 01:15 PM ET)
Compare
Today's Range
$9.53
$9.87
50-Day Range
$9.40
$13.91
52-Week Range
$9.18
$21.05
Volume
163,444 shs
Average Volume
574,135 shs
Market Capitalization
$603.96 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$20.00

Avid Bioservices MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
108.3% Upside
$20.00 Price Target
Short Interest
Bearish
8.38% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.96
Upright™ Environmental Score
News Sentiment
1.37mentions of Avid Bioservices in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$1.07 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.14) to $0.13 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.19 out of 5 stars

Medical Sector

431st out of 971 stocks

Pharmaceutical Preparations Industry

191st out of 451 stocks


CDMO stock logo

About Avid Bioservices (NASDAQ:CDMO) Stock

Avid Bioservices, Inc., a contract development and manufacturing organization, provides process development and current good manufacturing practices (CGMP) clinical and commercial manufacturing services of biologics for the biotechnology and biopharmaceutical industries. The company offers various services, including clinical and commercial drug substance manufacturing, bulk packaging, release and stability testing, and regulatory submission and support. It also provides various process development services, such as upstream and downstream development and optimization, analytical methods development, cell line development, testing, and characterization. The company was formerly known as Peregrine Pharmaceuticals, Inc. and changed its name to Avid Bioservices, Inc. in January 2018. Avid Bioservices, Inc. was incorporated in 1981 and is headquartered in Tustin, California.

CDMO Price History

CDMO Stock News Headlines

This Stock's a Sleeping Giant
The stock everyone has their eye on - discover why it's the talk of the investment world.
Q1 2024 Avid Bioservices Inc Earnings Call
Earnings Outlook For Avid Bioservices
This Stock's a Sleeping Giant
The stock everyone has their eye on - discover why it's the talk of the investment world.
Why Avid Bioservices Stock Was Plummeting This Week
Avid Bioservices FQ4 2023 Earnings Preview
Should You Invest in Avid Bioservices (CDMO)?
Avid Bioservices Shares Soar on 3Q Results
See More Headlines
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CDMO Company Calendar

Last Earnings
9/07/2023
Today
9/29/2023
Next Earnings (Estimated)
12/05/2023
Fiscal Year End
4/30/2024

Industry, Sector and Symbol

Industry
Pharmaceutical preparations
Sub-Industry
N/A
Sector
Medical
Current Symbol
NASDAQ:CDMO
Employees
365
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$20.00
High Stock Price Forecast
$25.00
Low Stock Price Forecast
$15.00
Forecasted Upside/Downside
+105.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$560,000.00
Pretax Margin
-1.96%

Debt

Sales & Book Value

Annual Sales
$149.27 million
Cash Flow
$0.15 per share
Book Value
$3.02 per share

Miscellaneous

Free Float
61,605,000
Market Cap
$613.43 million
Optionable
Optionable
Beta
1.68
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Key Executives

  • Mr. Nicholas Stewart Green B.Sc.Mr. Nicholas Stewart Green B.Sc. (Age 58)
    MBA, Pres, CEO & Director
    Comp: $1.35M
  • Mr. Daniel R. HartMr. Daniel R. Hart (Age 50)
    Chief Financial Officer
    Comp: $719.75k
  • Mr. Richard Richieri (Age 58)
    Chief Operations Officer
    Comp: $561.68k
  • Mr. Mark R. Ziebell J.D.Mr. Mark R. Ziebell J.D. (Age 59)
    VP, Gen. Counsel & Corp. Sec.
    Comp: $647.1k
  • Mr. Matthew Kwietniak (Age 54)
    Chief Commercial Officer
    Comp: $553.59k
  • Ms. Oksana Lukash
    VP of People













CDMO Stock - Frequently Asked Questions

Should I buy or sell Avid Bioservices stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Avid Bioservices in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CDMO shares.
View CDMO analyst ratings
or view top-rated stocks.

What is Avid Bioservices' stock price forecast for 2023?

3 equities research analysts have issued 12-month price targets for Avid Bioservices' stock. Their CDMO share price forecasts range from $15.00 to $25.00. On average, they predict the company's share price to reach $20.00 in the next year. This suggests a possible upside of 105.8% from the stock's current price.
View analysts price targets for CDMO
or view top-rated stocks among Wall Street analysts.

How have CDMO shares performed in 2023?

Avid Bioservices' stock was trading at $13.77 at the start of the year. Since then, CDMO stock has decreased by 29.4% and is now trading at $9.72.
View the best growth stocks for 2023 here
.

When is Avid Bioservices' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, December 5th 2023.
View our CDMO earnings forecast
.

How were Avid Bioservices' earnings last quarter?

Avid Bioservices, Inc. (NASDAQ:CDMO) posted its quarterly earnings results on Thursday, September, 7th. The biopharmaceutical company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.01. The biopharmaceutical company had revenue of $37.73 million for the quarter, compared to the consensus estimate of $34 million. Avid Bioservices had a negative trailing twelve-month return on equity of 1.54% and a negative net margin of 2.06%. During the same quarter in the previous year, the company posted $0.02 EPS.

What ETFs hold Avid Bioservices' stock?

ETFs with the largest weight of Avid Bioservices (NASDAQ:CDMO) stock in their portfolio include Invesco Biotechnology & Genome ETF (PBE) and Franklin Genomic Advancements ETF (HELX).Invesco S&P SmallCap Health Care ETF (PSCH).

When did Avid Bioservices' stock split?

Avid Bioservices's stock reverse split before market open on Monday, July 10th 2017. The 1-7 reverse split was announced on Friday, July 7th 2017. The number of shares owned by shareholders was adjusted after the market closes on Friday, July 7th 2017. An investor that had 100 shares of stock prior to the reverse split would have 14 shares after the split.

What guidance has Avid Bioservices issued on next quarter's earnings?

Avid Bioservices updated its FY 2024 earnings guidance on Thursday, September, 7th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $145.00 million-$165.00 million, compared to the consensus revenue estimate of $155.71 million.

What is Roger Lias' approval rating as Avid Bioservices' CEO?

5 employees have rated Avid Bioservices Chief Executive Officer Roger Lias on Glassdoor.com. Roger Lias has an approval rating of 49% among the company's employees. This puts Roger Lias in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. 63.0% of employees surveyed would recommend working at Avid Bioservices to a friend.

What other stocks do shareholders of Avid Bioservices own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Avid Bioservices investors own include Array Technologies (ARRY), Anavex Life Sciences (AVXL), Inovio Pharmaceuticals (INO), Advanced Micro Devices (AMD), Dynavax Technologies (DVAX), Micron Technology (MU), QUALCOMM (QCOM), NVIDIA (NVDA), Novavax (NVAX) and Pfizer (PFE).

What is Avid Bioservices' stock symbol?

Avid Bioservices trades on the NASDAQ under the ticker symbol "CDMO."

How do I buy shares of Avid Bioservices?

Shares of CDMO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Avid Bioservices' stock price today?

One share of CDMO stock can currently be purchased for approximately $9.72.

How much money does Avid Bioservices make?

Avid Bioservices (NASDAQ:CDMO) has a market capitalization of $613.43 million and generates $149.27 million in revenue each year. The biopharmaceutical company earns $560,000.00 in net income (profit) each year or ($0.04) on an earnings per share basis.

How many employees does Avid Bioservices have?

The company employs 365 workers across the globe.

How can I contact Avid Bioservices?

Avid Bioservices' mailing address is 2642 Michelle Drive Suite 200, TUSTIN CA, 92780. The official website for the company is www.avidbio.com. The biopharmaceutical company can be reached via phone at (714) 508-6100, via email at sdiaz@vidasp.com, or via fax at 714-838-5817.

This page (NASDAQ:CDMO) was last updated on 9/29/2023 by MarketBeat.com Staff

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