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After finishing at $10.36 in the prior trading day, Avid Bioservices Inc (NASDAQ: CDMO) closed at $10.17, down -1.83%. In other words, the price has decreased by -$1.83 from its previous closing price. On the day, 0.63 million shares were traded. CDMO stock price reached its highest trading level at $10.23 during the session, while it also had its lowest trading level at $9.85.
Ratios:
Our goal is to gain a better understanding of CDMO by taking a closer look at 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Oct 10 ’24 when Richard A. Richieri bought 2,232 shares for $10.05 per share.
Nicholas S. Green bought 17,173 shares of CDMO for $172,580 on Oct 10 ’24. On Jul 15 ’24, another insider, Richieri Richard A., who serves as the Chief Operations Officer of the company, sold 530 shares for $8.36 each. As a result, the insider received 4,431 and left with 34,229 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 648796160 and an Enterprise Value of 819449280. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.56 while its Price-to-Book (P/B) ratio in mrq is 11.06. Its current Enterprise Value per Revenue stands at 5.756 whereas that against EBITDA is -106.602.
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 -4.62%, while the 200-Day Moving Average is calculated to be 22.91%.
Shares Statistics:
The stock has traded on average 972.01K shares per day over the past 3-months and 624720 shares per day over the last 10 days, according to various share statistics. 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 102.09% stake in the company. Shares short for CDMO as of 1727654400 were 12721497 with a Short Ratio of 13.09, compared to 1724976000 on 12953331. Therefore, it implies a Short% of Shares Outstanding of 12721497 and a Short% of Float of 20.16.
