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The price of Avid Bioservices Inc (NASDAQ: CDMO) closed at $11.49 in the last session, up 1.77% from day before closing price of $11.29. In other words, the price has increased by $1.77 from its previous closing price. On the day, 0.67 million shares were traded. CDMO stock price reached its highest trading level at $11.84 during the session, while it also had its lowest trading level at $11.21.
Ratios:
We take a closer look at CDMO’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 1.05 and its Current Ratio is at 1.46. In the meantime, Its Debt-to-Equity ratio is 3.54 whereas as Long-Term Debt/Eq ratio is at 3.49.
On March 14, 2023, KeyBanc Capital Markets Upgraded its rating to Overweight which previously was Sector Weight but kept the price unchanged to $20.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Jul 15 ’24 when Richieri Richard A. sold 530 shares for $8.36 per share. The transaction valued at 4,431 led to the insider holds 34,229 shares of the business.
Kwietniak Matthew R. sold 307 shares of CDMO for $2,567 on Jul 15 ’24. The Chief Commercial Officer now owns 23,410 shares after completing the transaction at $8.36 per share. On Jul 12 ’24, another insider, Kwietniak Matthew R., who serves as the Chief Commercial Officer of the company, sold 119 shares for $8.05 each. As a result, the insider received 958 and left with 22,836 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CDMO now has a Market Capitalization of 733005696 and an Enterprise Value of 903658816. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.15 while its Price-to-Book (P/B) ratio in mrq is 12.50. Its current Enterprise Value per Revenue stands at 6.348 whereas that against EBITDA is -117.557.
Stock Price History:
Over the past 52 weeks, CDMO has reached a high of $11.57, while it has fallen to a 52-week low of $4.07. The 50-Day Moving Average of the stock is 15.11%, while the 200-Day Moving Average is calculated to be 47.61%.
Shares Statistics:
According to the various share statistics, CDMO traded on average about 1.02M shares per day over the past 3-months and 923800 shares per day over the past 10 days. A total of 63.57M shares are outstanding, with a floating share count of 62.89M. Insiders hold about 1.41% of the company’s shares, while institutions hold 102.05% stake in the company. Shares short for CDMO as of 1724976000 were 12953331 with a Short Ratio of 12.69, compared to 1722384000 on 13926941. Therefore, it implies a Short% of Shares Outstanding of 12953331 and a Short% of Float of 20.53.
