NASDAQ:CDMO - Avid Bioservices Stock Price, News & Analysis

$6.57
-0.32 (-4.64 %)
(As of 08/26/2019 04:04 AM ET)
Today's Range
$6.83
Now: $6.57
$6.93
50-Day Range
$5.98
MA: $6.40
$7.05
52-Week Range
$3.37
Now: $6.57
$8.44
Volume151,377 shs
Average Volume250,339 shs
Market Capitalization$369.50 million
P/E RatioN/A
Dividend YieldN/A
Beta2.84
Avid Bioservices, Inc, a biologics contract development and manufacturing company, focuses on the development and current Good Manufacturing Practices (cGMP) manufacture of biopharmaceutical products derived from mammalian cell culture. It provides a range of process development, cGMP clinical, and commercial manufacturing services for the biotechnology and biopharmaceutical industries. Read More…

Industry, Sector and Symbol

Industry Pharmaceutical preparations
Sub-IndustryN/A
SectorMedical
Current SymbolNASDAQ:CDMO
CUSIPN/A
Phone714-508-6100

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$53.60 million
Book Value$0.95 per share

Profitability

Net Income$-4,220,000.00

Miscellaneous

Employees185
Market Cap$369.50 million
Next Earnings Date9/9/2019 (Estimated)
OptionableOptionable

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Avid Bioservices (NASDAQ:CDMO) Frequently Asked Questions

What is Avid Bioservices' stock symbol?

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

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

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 Avid Bioservices stock prior to the reverse split would have 14 shares after the split.

How were Avid Bioservices' earnings last quarter?

Avid Bioservices Inc (NASDAQ:CDMO) announced its earnings results on Thursday, June, 27th. The biopharmaceutical company reported ($0.02) earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of ($0.03) by $0.01. The biopharmaceutical company had revenue of $17.06 million for the quarter, compared to analyst estimates of $15.53 million. Avid Bioservices had a negative return on equity of 9.29% and a negative net margin of 7.86%. View Avid Bioservices' Earnings History.

When is Avid Bioservices' next earnings date?

Avid Bioservices is scheduled to release their next quarterly earnings announcement on Monday, September 9th 2019. View Earnings Estimates for Avid Bioservices.

What price target have analysts set for CDMO?

2 brokers have issued 12-month price objectives for Avid Bioservices' stock. Their forecasts range from $10.00 to $11.00. On average, they anticipate Avid Bioservices' share price to reach $10.50 in the next twelve months. This suggests a possible upside of 59.8% from the stock's current price. View Analyst Price Targets for Avid Bioservices.

What is the consensus analysts' recommendation for Avid Bioservices?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Avid Bioservices in the last year. There are currently 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Avid Bioservices.

What are Wall Street analysts saying about Avid Bioservices stock?

Here are some recent quotes from research analysts about Avid Bioservices stock:
  • 1. According to Zacks Investment Research, "Avid Bioservices, Inc. is a dedicated contract development and manufacturing organization focused on development and cGMP manufacturing of biopharmaceutical products derived from mammalian cell culture. The company provides process development, high quality cGMP clinical and commercial manufacturing services for the biotechnology and biopharmaceutical industries. It also offer process development activities, including cell line development and optimization, cell culture and feed optimization, analytical methods development and product characterization. Avid Bioservices Inc., formerly known as Peregrine Pharmaceuticals Inc., is based in TUSTIN, United States. " (8/19/2019)
  • 2. HC Wainwright analysts commented, "Valuation and impediments to achieving price target. We reiterate our Buy rating with a price target of $11. Our valuation is based on a discounted EBITDA model, which we believe takes into account both the established and anticipated revenue growth of Avid, which is the cornerstone of the company’s business. We assign a 23x multiple on F2023 EBIDTA discounted back at Avid’s WACC of 13%." (7/8/2019)

Has Avid Bioservices been receiving favorable news coverage?

Press coverage about CDMO stock has trended positive recently, InfoTrie Sentiment Analysis reports. The research firm scores the sentiment of media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Avid Bioservices earned a news sentiment score of 2.5 on InfoTrie's scale. They also gave news headlines about the biopharmaceutical company a news buzz of 6.0 out of 10, indicating that recent media coverage is somewhat likely to have an impact on the stock's share price in the next few days. View News Stories for Avid Bioservices.

Are investors shorting Avid Bioservices?

Avid Bioservices saw a decrease in short interest in the month of July. As of July 31st, there was short interest totalling 1,604,500 shares, a decrease of 19.4% from the June 30th total of 1,990,800 shares. Based on an average daily trading volume, of 461,700 shares, the days-to-cover ratio is currently 3.5 days. Approximately 2.9% of the company's shares are sold short. View Avid Bioservices' Current Options Chain.

Who are some of Avid Bioservices' key competitors?

What other stocks do shareholders of Avid Bioservices own?

Who are Avid Bioservices' key executives?

Avid Bioservices' management team includes the folowing people:
  • Dr. Roger J. Lias, Pres, CEO & Director (Age 59)
  • Mr. Mark R. Ziebell, VP, Gen. Counsel & Corp. Sec. (Age 55)
  • Mr. Daniel R. Hart, Chief Financial Officer (Age 46)
  • Mr. Stephen Michael Hedberg, Sr. Director of Fin. & SEC Reporting and Principal Financial & Accounting Officer (Age 44)
  • Ms. Lorna Larson, Sr. Director of HR

Who are Avid Bioservices' major shareholders?

Avid Bioservices' stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.75%), Vanguard Group Inc. (4.77%), AltraVue Capital LLC (3.76%), AWM Investment Company Inc. (1.26%), Sargent Investment Group LLC (1.09%) and Northern Trust Corp (1.07%). Company insiders that own Avid Bioservices stock include Joel Mccomb and Mark R Bamforth. 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 JPMorgan Chase & Co., Renaissance Technologies LLC, GSA Capital Partners LLP, A.R.T. Advisors LLC, Bank of Montreal Can, Tower Research Capital LLC TRC , SG Americas Securities LLC and Morgan Stanley. View Insider Buying and Selling for Avid Bioservices.

Which major investors are buying Avid Bioservices stock?

CDMO stock was purchased by a variety of institutional investors in the last quarter, including AWM Investment Company Inc., Essex Investment Management Co. LLC, BlackRock Inc., AltraVue Capital LLC, Marshall Wace LLP, Sanders Morris Harris LLC, Charles Schwab Investment Management Inc. and Wells Fargo & Company MN. View Insider Buying and Selling for Avid Bioservices.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Avid Bioservices' stock price today?

One share of CDMO stock can currently be purchased for approximately $6.57.

How big of a company is Avid Bioservices?

Avid Bioservices has a market capitalization of $369.50 million and generates $53.60 million in revenue each year. The biopharmaceutical company earns $-4,220,000.00 in net income (profit) each year or ($0.17) on an earnings per share basis. Avid Bioservices employs 185 workers across the globe.View Additional Information About Avid Bioservices.

What is Avid Bioservices' official website?

The official website for Avid Bioservices is http://www.avidbio.com/.

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]


MarketBeat Community Rating for Avid Bioservices (NASDAQ CDMO)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  283 (Vote Outperform)
Underperform Votes:  262 (Vote Underperform)
Total Votes:  545
MarketBeat's community ratings are surveys of what our community members think about Avid Bioservices and other stocks. Vote "Outperform" if you believe CDMO will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CDMO will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 8/26/2019 by MarketBeat.com Staff

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