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Avid Bioservices, Inc. (CDMO)
10.23  -0.09 (-0.87%)    07-26 16:00
Open: 10.6
High: 10.782
Volume: 922,319
  
Pre. Close: 10.32
Low: 10.111
Market Cap: 650(M)
Technical analysis
2024-07-26 4:43:07 PM
Short term     
Mid term     
Targets 6-month :  12.59 1-year :  14.7
Resists First :  10.78 Second :  12.59
Pivot price 8.92
Supports First :  8.2 Second :  6.61
MAs MA(5) :  9.77 MA(20) :  8.49
MA(100) :  7.67 MA(250) :  7.89
MACD MACD :  0.6 Signal :  0.4
%K %D K(14,3) :  87.8 D(3) :  85.7
RSI RSI(14): 69.2
52-week High :  13.22 Low :  4.07
Price, MAs and Bollinger Bands

Price has closed above its short-term moving average. Short-term moving average is currently above mid-term; and above long-term moving average. From the relationship between price and moving averages: This stock is BULLISH in short-term; and BULLISH in mid-long term.
[ CDMO ] has closed below upper band by 17.4%. Bollinger Bands are 95.1% wider than normal. The large width of the bands suggest high volatility as compared to its normal range. The bands have been in this wide range for 8 days. This is a sign that the current trend might continue.

Stock Price Prediction
If tomorrow: Open lower Open higher
High: 10.79 - 10.85 10.85 - 10.9
Low: 9.98 - 10.04 10.04 - 10.1
Close: 10.13 - 10.23 10.23 - 10.32
Company Description

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. The company produces monoclonal antibodies and recombinant proteins; and offers services, including CGMP clinical and commercial drug substance manufacturing, bulk packaging, release and stability testing, and regulatory submission and support. It also provides various process development services, such as upstream and downstream development and optimization, analytical methods development, testing, and characterization. The company serves biotechnology and biopharmaceutical industries. The company was formerly known as Peregrine Pharmaceuticals, Inc. and changed its name to Avid Bioservices, Inc. in January 2018. Avid Bioservices, Inc. was incorporated in 1981 and is headquartered in Tustin, California.

Headline News

Fri, 26 Jul 2024
Does Avid Bioservices (CDMO) have Hidden Potential Despite Current Weakness? - Yahoo Finance

Tue, 23 Jul 2024
Avid Bioservices, Inc. (NASDAQ:CDMO) Stake Boosted by Janney Montgomery Scott LLC - Defense World

Sun, 21 Jul 2024
Mirae Asset Global Investments Co. Ltd. Has $293,000 Position in Avid Bioservices, Inc. (NASDAQ:CDMO) - Defense World

Sat, 13 Jul 2024
Avid Bioservices (NASDAQ:CDMO) adds US$57m to market cap in the past 7 days, though investors from three years ago are still down 67% - Simply Wall St

Tue, 02 Jul 2024
Avid Bioservices, Inc. (CDMO) Q4 2024 Earnings Call Transcript - Seeking Alpha

Mon, 01 Jul 2024
Avid Bioservices to Report Financial Results for Quarter - GlobeNewswire

Financial Analysis
Price to Book Value:
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Underperform
Price to Earnings:
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Underperform
Discounted cash flow:
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Outperform
Return on Assets:
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Underperform
Return on Equity:
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Underperform
Debt to Equity:
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Underperform
Stock Basics & Statistics
Exchange:
NASDAQ
Sector:
Healthcare
Industry:
Biotechnology
Shares Out 64 (M)
Shares Float 55 (M)
Held by Insiders 1.1 (%)
Held by Institutions 107.8 (%)
Shares Short 12,360 (K)
Shares Short P.Month 11,510 (K)
Stock Financials
EPS -2.24
EPS Est Next Qtrly 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 0.95
Profit Margin -100.6 %
Operating Margin -3.1 %
Return on Assets (ttm) -3 %
Return on Equity (ttm) -112.6 %
Qtrly Rev. Growth 8 %
Gross Profit (p.s.) 0
Sales Per Share 2.2
EBITDA (p.s.) -0.12
Qtrly Earnings Growth 0 %
Operating Cash Flow 11 (M)
Levered Free Cash Flow -16 (M)
Stock Valuations
PE Ratio -4.59
PEG Ratio -2.4
Price to Book value 10.65
Price to Sales 4.64
Price to Cash Flow 59.39
Stock Dividends
Dividend 0.66
Forward Dividend 0
Dividend Yield 6.4%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.

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