NASDAQ:CDMO Avid Bioservices Stock Forecast, Price & 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 $7.50 0.00 (0.00 %) (As of 09/28/2020 04:30 PM ET) Add Compare Share Today's Range$7.39Now: $7.50▼$7.6850-Day Range$6.78MA: $7.84▼$8.5452-Week Range$3.02Now: $7.50▼$9.10Volume204,957 shsAverage Volume405,509 shsMarket Capitalization$424.52 millionP/E RatioN/ADividend YieldN/ABeta2.27 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Avid Bioservices, Inc., a contract development and manufacturing organization, provides process development and Current Good Manufacturing Practices (CGMP) commercial manufacturing services focused on biopharmaceutical products derived from mammalian cell culture for biotechnology and pharmaceutical companies. 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 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™ 2.6 Analyst's Opinion Consensus RatingAvid Bioservices has received a consensus rating of Buy. The company's average rating score is 3.25, and is based on 3 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $9.38, Avid Bioservices has a forecasted upside of 25.0% from its current price of $7.50.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 343 “outperform” votes. (Add your “outperform” vote.)Underperform VotesAvid Bioservices has received 320 “underperform” votes. (Add your “underperform” vote.)Community SentimentAvid Bioservices has received 51.73% “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 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Avid Bioservices insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $39,484.00 in company stock.Percentage Held by InsidersOnly 1.72% of the stock of Avid Bioservices is held by insiders.Percentage Held by Institutions51.52% 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 0.6 Earnings and Valuation Earnings GrowthEarnings for Avid Bioservices are expected to grow in the coming year, from ($0.13) to $0.09 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Avid Bioservices is -53.57, 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 -53.57, 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 10.14. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 2.6Community Rank: 2.6Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -Overall Beat the Market Rank™1.37 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 Webwww.avidbio.com Phone714-508-6100Debt Debt-to-Equity RatioN/A Current Ratio1.50 Quick Ratio1.24Price-To-Earnings Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/A Sales & Book Value Annual Sales$59.70 million Price / Sales7.11 Cash FlowN/A Price / Cash FlowN/A Book Value$0.74 per share Price / Book10.14Profitability EPS (Most Recent Fiscal Year)($0.27) Net Income$-10,470,000.00 Net Margins-3.68% Return on Equity-5.57% Return on Assets-2.43%Miscellaneous Employees211 Outstanding Shares56,603,000Market Cap$424.52 million Next Earnings Date12/14/2020 (Estimated) OptionableOptionable $7.50 0.00 (0.00 %) (As of 09/28/2020 04:30 PM ET) 30 days | 90 days | 365 days | Advanced Chart 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. 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 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, CDMO stock has increased by 66.3% and is now trading at $7.50. View which stocks have been most impacted by COVID-19. Do Wall Street analysts recommend investors buy shares of Avid Bioservices? 4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Avid Bioservices in the last year. There are currently 3 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 Monday, December 14th 2020. View our earnings forecast for Avid Bioservices. How were Avid Bioservices' earnings last quarter? Avid Bioservices Inc (NASDAQ:CDMO) released its quarterly earnings results on Tuesday, September, 1st. The biopharmaceutical company reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.12. Avid Bioservices had a negative return on equity of 5.57% and a negative net margin of 3.68%. View Avid Bioservices' earnings history. When did Avid Bioservices' stock split? How did Avid Bioservices' stock split work? Avid Bioservices's stock reverse split on the morning of 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 2021 After-Hours earnings guidance on Tuesday, September, 1st. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $76-81 million, compared to the consensus revenue estimate of $78.96 million. What price target have analysts set for CDMO? 4 Wall Street analysts have issued twelve-month price objectives for Avid Bioservices' stock. Their forecasts range from $7.50 to $11.00. On average, they anticipate Avid Bioservices' share price to reach $9.38 in the next year. This suggests a possible upside of 25.0% from the stock's current price. View analysts' price targets for Avid Bioservices. Who are some of Avid Bioservices' key competitors? Some companies that are related to Avid Bioservices include Kura Oncology (KURA), Uniqure (QURE), Cytokinetics (CYTK), Ligand Pharmaceuticals (LGND), Amarin (AMRN), Ironwood Pharmaceuticals (IRWD), Y-mAbs Therapeutics (YMAB), ALX Oncology (ALXO), ZEALAND PHARMA/S (ZEAL), Generation Bio (GBIO), Dicerna Pharmaceuticals (DRNA), MacroGenics (MGNX), Trillium Therapeutics (TRIL), Intercept Pharmaceuticals (ICPT) and Mersana Therapeutics (MRSN). View all 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 Biopharma (ARRY), Anavex Life Sciences (AVXL), Advanced Micro Devices (AMD), Inovio Pharmaceuticals (INO), Dynavax Technologies (DVAX), Micron Technology (MU), QUALCOMM (QCOM), NVIDIA (NVDA), Novavax (NVAX) and Pfizer (PFE). Who are Avid Bioservices' key executives? Avid Bioservices' management team includes the following people: Mr. Richard B. Hancock, Interim Pres, CEO & Director (Age 61, Pay $80.08k)Mr. Daniel R. Hart, Chief Financial Officer (Age 47, Pay $477.95k)Mr. Mark R. Ziebell, VP, Gen. Counsel & Corp. Sec. (Age 56, Pay $485.05k)Mr. Richard Richieri, Chief Operations Officer (Age 55)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 a number of institutional and retail investors. Top institutional shareholders include Iszo Capital Management LP (6.28%), AltraVue Capital LLC (3.42%), Sargent Investment Group LLC (1.88%), Silvercrest Asset Management Group LLC (1.58%), Portolan Capital Management LLC (0.77%) and Nuveen Asset Management LLC (0.68%). 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 Iszo Capital Management LP, Essex Investment Management Co. LLC, Sargent Investment Group LLC, Schwartz Investment Counsel Inc., ClariVest Asset Management LLC, AltraVue Capital LLC, UBS Group AG, and State of Wisconsin Investment Board. 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. Which major investors are buying Avid Bioservices stock? CDMO stock was acquired by a variety of institutional investors in the last quarter, including Portolan Capital Management LLC, Silvercrest Asset Management Group LLC, Marshall Wace LLP, Schonfeld Strategic Advisors LLC, Stephens Inc. AR, Bank of New York Mellon Corp, McGuire Investment Group LLC, and Goldman Sachs Group Inc.. 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 $7.50. How big of a company is Avid Bioservices? Avid Bioservices has a market capitalization of $424.52 million and generates $59.70 million in revenue each year. The biopharmaceutical company earns $-10,470,000.00 in net income (profit) each year or ($0.27) on an earnings per share basis. Avid Bioservices employs 211 workers across the globe. What is Avid Bioservices' official website? The official website for Avid Bioservices is 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 9/28/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your Risk-Free Trial Subscription Here Questions? Get Started with MarketBeat — Read Your Daily NewsletterCheck Out My MarketBeatWatch Our Tutorial VideosAdd a Stock to Your WatchlistSet Up an Instant AlertView a Company's Profile PageView Our Financial CalendarsView Today's Analyst Ratings
