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As of close of business last night, Avid Bioservices Inc’s stock clocked out at $11.34, up 1.52% from its previous closing price of $11.17. In other words, the price has increased by $1.52 from its previous closing price. On the day, 0.87 million shares were traded. CDMO stock price reached its highest trading level at $11.5 during the session, while it also had its lowest trading level at $11.2283.
Ratios:
To gain a deeper understanding of CDMO’s stock, we examine its different ratios. 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:
Investing in insider trades can also provide an investor with insight into how management views future 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 723436416 and an Enterprise Value of 894089536. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.08 while its Price-to-Book (P/B) ratio in mrq is 12.34. Its current Enterprise Value per Revenue stands at 6.281 whereas that against EBITDA is -116.312.
Stock Price History:
Over the past 52 weeks, CDMO has reached a high of $12.48, while it has fallen to a 52-week low of $4.07. The 50-Day Moving Average of the stock is 8.08%, while the 200-Day Moving Average is calculated to be 41.10%.
Shares Statistics:
It appears that CDMO traded 1.02M shares on average per day over the past three months and 1200490 shares per day over the past ten 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 102.06% stake in the company. Shares short for CDMO as of 1726185600 were 12575655 with a Short Ratio of 12.38, compared to 1723680000 on 12873266. Therefore, it implies a Short% of Shares Outstanding of 12575655 and a Short% of Float of 19.93.
