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The closing price of Avid Bioservices Inc (NASDAQ: CDMO) was $9.53 for the day, up 14.54% from the previous closing price of $8.32. In other words, the price has increased by $14.54 from its previous closing price. On the day, 2.34 million shares were traded. CDMO stock price reached its highest trading level at $9.57 during the session, while it also had its lowest trading level at $8.42.
Ratios:
Our analysis of CDMO’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.04 and its Current Ratio is at 1.47. In the meantime, Its Debt-to-Equity ratio is 3.41 whereas as Long-Term Debt/Eq ratio is at 3.37.
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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 605927872 and an Enterprise Value of 771255424. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.33 while its Price-to-Book (P/B) ratio in mrq is 9.95. Its current Enterprise Value per Revenue stands at 5.512 whereas that against EBITDA is -101.897.
Stock Price History:
The Beta on a monthly basis for CDMO is 1.38, which has changed by -0.28345865 over the last 52 weeks, in comparison to a change of 0.24125004 over the same period for the S&P500. Over the past 52 weeks, CDMO has reached a high of $14.02, while it has fallen to a 52-week low of $4.07. The 50-Day Moving Average of the stock is 19.11%, while the 200-Day Moving Average is calculated to be 34.93%.
Shares Statistics:
CDMO traded an average of 1.04M shares per day over the past three months and 1158860 shares per day over the past ten days. A total of 63.57M shares are outstanding, with a floating share count of 62.82M. Insiders hold about 1.20% of the company’s shares, while institutions hold 105.64% stake in the company. Shares short for CDMO as of 1719532800 were 12358079 with a Short Ratio of 11.84, compared to 1717113600 on 11510830. Therefore, it implies a Short% of Shares Outstanding of 12358079 and a Short% of Float of 23.18.
