NASDAQ:CDMO

Avid Bioservices Stock Forecast, Price & News

$25.82
+0.40 (+1.57 %)
(As of 08/3/2021 12:00 AM ET)
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Today's Range
$25.03
$25.83
50-Day Range
$20.32
$26.62
52-Week Range
$6.61
$27.02
Volume348,609 shs
Average Volume661,297 shs
Market Capitalization$1.58 billion
P/E Ratio645.66
Dividend YieldN/A
Beta2.22
30 days | 90 days | 365 days | Advanced Chart
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Avid Bioservices logo

About Avid Bioservices

Avid Bioservices, Inc., a contract development and manufacturing organization, provides process development and current good manufacturing practices (CGMP) clinical and commercial manufacturing services focused on biopharmaceutical drug substances derived from mammalian cell culture. It produces monoclonal antibodies and recombinant proteins; and offers services, including CGMP clinical and commercial drug substance manufacturing, purification, bulk packaging, release and stability testing, and regulatory submission and support. The company also provides various process development services, such as upstream and downstream development and optimization, analytical methods development, testing, and characterization. It serves biotechnology and pharmaceutical companies. Avid Bioservices, Inc. has a process development and manufacturing agreement with Oragenics, Inc. to develop coronavirus vaccine. The company was formerly known as Peregrine Pharmaceuticals, Inc. and changed its name to Avid Bioservices, Inc. in January 2018. Avid Bioservices, Inc. was founded in 1981 and is headquartered in Tustin, California.

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MarketRank

Overall MarketRank

2.08 out of 5 stars

Medical Sector

470th out of 1,309 stocks

Pharmaceutical Preparations Industry

236th out of 646 stocks

Analyst Opinion: 1.5Community Rank: 4.5Dividend Strength: 0.0Insider Behavior: 2.5Valuation: 1.9 5 -4 -3 -2 -1 -
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Avid Bioservices (NASDAQ:CDMO) Frequently Asked Questions

Is Avid Bioservices a buy right now?

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

What stocks does MarketBeat like better than Avid Bioservices?

Wall Street analysts have given Avid Bioservices a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Avid Bioservices wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Avid Bioservices?

Avid Bioservices saw a increase in short interest during the month of June. As of June 30th, there was short interest totaling 4,850,000 shares, an increase of 24.4% from the June 15th total of 3,900,000 shares. Based on an average trading volume of 564,800 shares, the short-interest ratio is presently 8.6 days. Currently, 8.0% of the company's shares are short sold.
View Avid Bioservices' Short Interest
.

When is Avid Bioservices' next earnings date?

Avid Bioservices is scheduled to release its next quarterly earnings announcement on Tuesday, September 7th 2021.
View our earnings forecast for Avid Bioservices
.

How were Avid Bioservices' earnings last quarter?

Avid Bioservices, Inc. (NASDAQ:CDMO) announced its earnings results on Monday, June, 28th. The biopharmaceutical company reported ($0.04) EPS for the quarter, missing analysts' consensus estimates of $0.01 by $0.05. The biopharmaceutical company had revenue of $27.61 million for the quarter, compared to the consensus estimate of $20.70 million. Avid Bioservices had a net margin of 11.69% and a trailing twelve-month return on equity of 17.31%.
View Avid Bioservices' earnings history
.

How has Avid Bioservices' stock been impacted by Coronavirus (COVID-19)?

Avid Bioservices' stock was trading at $4.51 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, CDMO stock has increased by 472.5% and is now trading at $25.82.
View which stocks have been most impacted by COVID-19
.

When did Avid Bioservices' stock split? How did Avid Bioservices' stock split work?

Avid Bioservices shares 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 closing bell on Friday, July 7th 2017. An investor that had 100 shares of Avid Bioservices 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 issued an update on its FY 2022 earnings guidance on Tuesday, July, 27th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $115 million-$117 million, compared to the consensus revenue estimate of $112.15 million.

What price target have analysts set for CDMO?

3 equities research analysts have issued 1-year price objectives for Avid Bioservices' shares. Their forecasts range from $27.00 to $29.00. On average, they anticipate Avid Bioservices' stock price to reach $28.00 in the next year. This suggests a possible upside of 8.4% from the stock's current price.
View analysts' price targets for Avid Bioservices
or view top-rated stocks among Wall Street analysts.

Who are Avid Bioservices' key executives?

Avid Bioservices' management team includes the following people:
  • Mr. Daniel R. Hart, Chief Financial Officer (Age 48, Pay $488.87k) (LinkedIn Profile)
  • Mr. Mark R. Ziebell, VP, Gen. Counsel & Corp. Sec. (Age 57, Pay $662.28k) (LinkedIn Profile)
  • Mr. Nicholas Stewart Green, Pres, CEO & Director (Age 56)
  • Mr. Richard Richieri, Chief Operations Officer (Age 56)
  • Ms. Lorna Larson, Sr. Director of HR
  • Mr. Timothy Compton, Chief Commercial Officer
  • Dr. Shelley P. M. Fussey, VP of Intellectual Property (Age 55)
  • Ms. Tracy L. Kinjerski, VP of Bus. Operations
  • Dr. Harold F. Dvorak, Medical & Scientific Advisor
  • Prof. Alan J. Schroit, Medical & Scientific Advisor

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

2 employees have rated Avid Bioservices CEO Roger Lias on Glassdoor.com. Roger Lias has an approval rating of 49% among Avid Bioservices' employees. This puts Roger Lias in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Who are some of Avid Bioservices' key competitors?

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."

Who are Avid Bioservices' major shareholders?

Avid Bioservices' stock is owned by a number of retail and institutional investors. Top institutional shareholders include AltraVue Capital LLC (1.85%), Kornitzer Capital Management Inc. KS (1.17%), New York State Common Retirement Fund (0.72%), Peregrine Capital Management LLC (0.54%), Calamos Advisors LLC (0.39%) and Fisher Asset Management LLC (0.19%). Company insiders that own Avid Bioservices stock include Daniel R Hart, Daniel Ryan Hart, Joseph Carleone, Mark R Bamforth, Mark R Ziebell, Patrick D Walsh and Richard B Hancock.
View institutional ownership trends for Avid Bioservices
.

Which major investors are selling Avid Bioservices stock?

CDMO stock was sold by a variety of institutional investors in the last quarter, including AltraVue Capital LLC, Kornitzer Capital Management Inc. KS, New York State Common Retirement Fund, and Fisher Asset Management LLC. Company insiders that have sold Avid Bioservices company stock in the last year include Daniel R Hart, and Mark R Ziebell.
View insider buying and selling activity for Avid Bioservices
or view top insider-selling stocks.

Which major investors are buying Avid Bioservices stock?

CDMO stock was purchased by a variety of institutional investors in the last quarter, including Peregrine Capital Management LLC, Monarch Partners Asset Management LLC, Calamos Advisors LLC, Jackson Creek Investment Advisors LLC, Victory Capital Management Inc., Arizona State Retirement System, Carderock Capital Management Inc., and Zurcher Kantonalbank Zurich Cantonalbank . Company insiders that have bought Avid Bioservices stock in the last two years include Daniel Ryan Hart, Joseph Carleone, Mark R Bamforth, Patrick D Walsh, and Richard B Hancock.
View insider buying and selling activity for Avid Bioservices
or or view top insider-buying stocks.

How do I buy shares of Avid Bioservices?

Shares of CDMO 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 $25.82.

How much money does Avid Bioservices make?

Avid Bioservices has a market capitalization of $1.58 billion and generates $95.87 million in revenue each year. The biopharmaceutical company earns $11.21 million in net income (profit) each year or $0.06 on an earnings per share basis.

How many employees does Avid Bioservices have?

Avid Bioservices employs 222 workers across the globe.

What is Avid Bioservices' official website?

The official website for Avid Bioservices is www.avidbio.com.

Where are Avid Bioservices' headquarters?

Avid Bioservices is headquartered at 2642 Michelle Drive Suite 200, TUSTIN CA, 92780.

How can I contact Avid Bioservices?

Avid Bioservices' mailing address is 2642 Michelle Drive Suite 200, TUSTIN CA, 92780. The biopharmaceutical company can be reached via phone at 714-508-6100 or via email at [email protected]


This page was last updated on 8/3/2021 by MarketBeat.com Staff
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