NASDAQ:CDMOAvid Bioservices Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Avid Bioservices Inc Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $4.81 +0.01 (+0.21 %) (As of 04/7/2020 01:38 PM ET) Add Compare Share Today's Range$4.64Now: $4.81▼$5.0450-Day Range$3.15MA: $5.40▼$7.2752-Week Range$3.02Now: $4.81▼$8.38Volume130,517 shsAverage Volume663,368 shsMarket Capitalization$271.67 millionP/E RatioN/ADividend YieldN/ABeta2.42 ProfileAnalyst RatingsAdvanced ChartDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media 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. The company produces monoclonal antibodies and recombinant proteins in batch, fed-batch, and perfusion modes; and offers services, including cGMP clinical and commercial product manufacturing, purification, bulk packaging, stability testing and regulatory strategy, submission, and support. It also provides various process development services, such as cell line development and optimization, cell culture and feed optimization, analytical methods development, and product 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 founded in 1981 and is headquartered in Tustin, California.Read More Beat the Market (BTM) Rank™ 3.6 Analyst's Opinion Consensus RatingAvid Bioservices has received a consensus rating of Buy. The company's average rating score is 3.20, and is based on 4 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $9.50, Avid Bioservices has a potential upside of 97.5% from its current price of $4.81.Amount of Analyst CoverageAvid Bioservices has only been the subject of 1 research reports in the past 90 days. Previous Next 2.6 Community Rank Outperform VotesAvid Bioservices has received 334 “outperform” votes. (Add your “outperform” vote.)Underperform VotesAvid Bioservices has received 310 “underperform” votes. (Add your “underperform” vote.)Community SentimentAvid Bioservices has received 51.86% “outperform” votes from our community.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. Previous Next 0.0 Dividend Strength Dividend YieldAvid Bioservices does not currently pay a dividend.Dividend GrowthAvid Bioservices does not have a long track record of dividend growth. Previous Next 4.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Avid Bioservices insiders have bought more of their company's stock than they have sold. Specifically, they have bought $308,410.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 1.20% of the stock of Avid Bioservices is held by insiders.Percentage Held by Institutions52.62% of the stock of Avid Bioservices is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.0 Earnings and Valuation Earnings GrowthEarnings for Avid Bioservices are expected to decrease by -100.00% in the coming year, from ($0.24) to $0.00 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Avid Bioservices is -25.32, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Avid Bioservices is -25.32, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioAvid Bioservices has a P/B Ratio of 5.06. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 3.6Community Rank: 2.6Dividend Strength: 0.0Insider Behavior: 4.0Valuation: 0.0 5 -4 -3 -2 -1 -Overall Beat the Market Rank™2.04 out of 5 stars Industry, Sector and Symbol Stock Exchange NASDAQ Industry Pharmaceutical preparations Sub-IndustryN/A SectorMedical Current SymbolNASDAQ:CDMO Previous Symbol CUSIPN/A CIK704562 Webhttp://www.avidbio.com/ Phone714-508-6100Debt Debt-to-Equity Ratio0.46 Current Ratio1.57 Quick Ratio1.31Price-To-Earnings Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/A Sales & Book Value Annual Sales$53.60 million Price / Sales5.07 Cash FlowN/A Price / Cash FlowN/A Book Value$0.95 per share Price / Book5.06Profitability EPS (Most Recent Fiscal Year)($0.17) Net Income$-4,220,000.00 Net Margins-8.35% Return on Equity-10.98% Return on Assets-5.59%Miscellaneous Employees185 Outstanding Shares56,480,000Market Cap$271.67 million Next Earnings Date6/25/2020 (Estimated) OptionableOptionable Receive CDMO News and Ratings via Email Sign-up to receive the latest news and ratings for CDMO and its competitors with MarketBeat's FREE daily newsletter. NASDAQ:CDMO Rates by TradingView Avid Bioservices (NASDAQ:CDMO) Frequently Asked Questions How has Avid Bioservices' stock been impacted by COVID-19 (Coronavirus)? Avid Bioservices' stock was trading at $4.51 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, CDMO stock has increased by 6.7% and is now trading at $4.81. View which stocks have been mosted impacted by Coronavirus. Do Wall Street analysts recommend investors buy shares of Avid Bioservices? 5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Avid Bioservices in the last year. There are currently 4 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Avid Bioservices. When is Avid Bioservices' next earnings date? Avid Bioservices is scheduled to release its next quarterly earnings announcement on Thursday, June 25th 2020. View our earnings forecast for Avid Bioservices. How were Avid Bioservices' earnings last quarter? Avid Bioservices Inc (NASDAQ:CDMO) issued its quarterly earnings results on Tuesday, March, 10th. The biopharmaceutical company reported ($0.06) EPS for the quarter, missing the Zacks' consensus estimate of ($0.03) by $0.03. The biopharmaceutical company had revenue of $13.59 million for the quarter, compared to analysts' expectations of $16.80 million. Avid Bioservices had a negative return on equity of 10.98% and a negative net margin of 8.35%. View Avid Bioservices' earnings history. 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 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 updated its FY 2020 After-Hours earnings guidance on Tuesday, March, 10th. The company provided EPS guidance of for the period. The company issued revenue guidance of $55-59 million, compared to the consensus revenue estimate of $67.03 million. What price target have analysts set for CDMO? 5 brokerages have issued 1 year price targets for Avid Bioservices' stock. Their forecasts range from $7.50 to $11.00. On average, they anticipate Avid Bioservices' share price to reach $9.50 in the next twelve months. This suggests a possible upside of 97.5% from the stock's current price. View analysts' price targets for Avid Bioservices. Has Avid Bioservices been receiving favorable news coverage? Headlines about CDMO stock have been trending very negative this week, InfoTrie Sentiment reports. InfoTrie identifies positive and negative press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Avid Bioservices earned a daily sentiment score of -3.3 on InfoTrie's scale. They also assigned news headlines about the biopharmaceutical company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the near term. View the latest news aboutAvid Bioservices. Who are some of Avid Bioservices' key competitors? Some companies that are related to Avid Bioservices include NextCure (NXTC), Supernus Pharmaceuticals (SUPN), Phibro Animal Health (PAHC), Kiniksa Pharmaceuticals (KNSA), Y-mAbs Therapeutics (YMAB), Esperion Therapeutics (ESPR), Akebia Therapeutics (AKBA), Phathom Pharmaceuticals (PHAT), Intra-Cellular Therapies (ITCI), Amneal Pharmaceuticals (AMRX), Aimmune Therapeutics (AIMT), Rocket Pharmaceuticals (RCKT), Odonate Therapeutics (ODT), Revance Therapeutics (RVNC) and Opko Health (OPK). 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 Biopharma (ARRY), Anavex Life Sciences (AVXL), Inovio Pharmaceuticals (INO), Advanced Micro Devices (AMD), Micron Technology (MU), Novavax (NVAX), AcelRx Pharmaceuticals (ACRX), Netflix (NFLX), Alibaba Group (BABA) and TransEnterix (TRXC). Who are Avid Bioservices' key executives? Avid Bioservices' management team includes the following 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 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 many different institutional and retail investors. Top institutional shareholders include McGuire Investment Group LLC (0.02%). Company insiders that own Avid Bioservices stock include Daniel Ryan Hart, Joel Mccomb, Joseph Carleone, Mark R Bamforth, Patrick D Walsh and Richard B Hancock. View institutional ownership trends for Avid Bioservices. Which institutional investors are buying Avid Bioservices stock? CDMO stock was purchased by a variety of institutional investors in the last quarter, including McGuire Investment Group LLC. 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. 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, Robinhood, Fidelity, and Charles Schwab. What is Avid Bioservices' stock price today? One share of CDMO stock can currently be purchased for approximately $4.81. How big of a company is Avid Bioservices? Avid Bioservices has a market capitalization of $271.67 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] This page was last updated on 4/7/2020 by MarketBeat.com StaffFeatured Article: What is a Derivative?
