NASDAQ:CDMO - Avid 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 $7.18 -0.05 (-0.69 %) (As of 02/21/2020 04:00 PM ET) Add Compare Today's Range$7.05Now: $7.18▼$7.2950-Day Range$6.31MA: $6.71▼$7.2752-Week Range$3.37Now: $7.18▼$8.38Volume221,207 shsAverage Volume239,499 shsMarket Capitalization$404.52 millionP/E RatioN/ADividend YieldN/ABeta2.81 ProfileAnalyst RatingsAdvanced ChartDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media Share on FacebookShare on TwitterShare on LinkedInShare on RedditShare on StocktwitsPrint this articleShare by Email 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 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 Ratio1.67 Quick Ratio1.44Price-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 / Sales7.55 Cash FlowN/A Price / Cash FlowN/A Book Value$0.95 per share Price / Book7.56Profitability EPS (Most Recent Fiscal Year)($0.17) Net Income$-4,220,000.00 Net Margins-6.83% Return on Equity-8.78% Return on Assets-4.97%Miscellaneous Employees185 Outstanding Shares56,340,000Market Cap$404.52 million Next Earnings Date3/9/2020 (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 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 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. How were Avid Bioservices' earnings last quarter? Avid Bioservices Inc (NASDAQ:CDMO) issued its earnings results on Monday, December, 9th. The biopharmaceutical company reported ($0.03) earnings per share for the quarter, beating analysts' consensus estimates of ($0.04) by $0.01. The biopharmaceutical company had revenue of $18.31 million for the quarter, compared to analysts' expectations of $14.34 million. Avid Bioservices had a negative net margin of 6.83% and a negative return on equity of 8.78%. The firm's quarterly revenue was up 79.9% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.05) EPS. 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, March 9th 2020. View Earnings Estimates for Avid Bioservices. What price target have analysts set for CDMO? 5 Wall Street analysts have issued twelve-month price targets for Avid Bioservices' stock. Their forecasts range from $7.50 to $11.00. On average, they expect Avid Bioservices' stock price to reach $9.90 in the next twelve months. This suggests a possible upside of 37.9% from the stock's current price. View Analyst Price Targets for Avid Bioservices. What is the consensus analysts' recommendation for 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. 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. " (11/12/2019) 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? Media coverage about CDMO stock has been trending very positive this week, according to InfoTrie Sentiment. The research firm scores the sentiment of media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Avid Bioservices earned a coverage optimism score of 3.1 on InfoTrie's scale. They also gave media headlines about the biopharmaceutical company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near future. View News Stories for Avid Bioservices. Who are some of Avid Bioservices' key competitors? Some companies that are related to Avid Bioservices include Alder Biopharmaceuticals (ALDR), TG Therapeutics (TGTX), Corcept Therapeutics (CORT), Constellation Pharmaceuticals (CNST), IGM Biosciences (IGMS), Innoviva (INVA), Nabriva Therapeutics (NBRV), ZEALAND PHARMA/S (ZEAL), Theravance Biopharma (TBPH), Madrigal Pharmaceuticals (MDGL), Dicerna Pharmaceuticals (DRNA), BELLUS Health (BLUSF), Endo International (ENDP), Amneal Pharmaceuticals (AMRX) and Zogenix (ZGNX). 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), AcelRx Pharmaceuticals (ACRX), TransEnterix (TRXC), Advanced Micro Devices (AMD), Novavax (NVAX), XOMA (XOMA), SLS International (SLS) and AVEO Pharmaceuticals (AVEO). 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 institutional and retail investors. Top institutional shareholders include AltraVue Capital LLC (3.93%), State Street Corp (1.88%), Sargent Investment Group LLC (1.71%), Sargent Investment Group LLC (1.59%), Geode Capital Management LLC (1.24%) and Essex Investment Management Co. LLC (0.80%). Company insiders that own Avid Bioservices stock include Joel Mccomb, Joseph Carleone 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 Goldman Sachs Group Inc., Geode Capital Management LLC, Schonfeld Strategic Advisors LLC, Crestwood Advisors Group LLC, Jefferies Group LLC, AltraVue Capital LLC, New York State Common Retirement Fund and Charles Schwab Investment Management Inc.. View Insider Buying and Selling for Avid Bioservices. Which major investors are buying Avid Bioservices stock? CDMO stock was acquired by a variety of institutional investors in the last quarter, including Sargent Investment Group LLC, EAM Global Investors LLC, Sargent Investment Group LLC, Renaissance Technologies LLC, Oxford Asset Management LLP, Parkman Healthcare Partners LLC, Bank of Montreal Can and EAM Investors LLC. Company insiders that have bought Avid Bioservices stock in the last two years include Joseph Carleone and Richard B Hancock. 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, Robinhood, Fidelity and Charles Schwab. What is Avid Bioservices' stock price today? One share of CDMO stock can currently be purchased for approximately $7.18. How big of a company is Avid Bioservices? Avid Bioservices has a market capitalization of $404.52 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 ( )Outperform Votes: 324 (Vote Outperform)Underperform Votes: 298 (Vote Underperform)Total Votes: 622MarketBeat'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 2/22/2020 by MarketBeat.com StaffFeatured Article: What causes a stock to be most active?
