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Avid Bioservices Inc (NASDAQ: CDMO) closed the day trading at $10.13 down -1.84% from the previous closing price of $10.32. In other words, the price has decreased by -$1.84 from its previous closing price. On the day, 0.94 million shares were traded. CDMO stock price reached its highest trading level at $10.46 during the session, while it also had its lowest trading level at $10.12.
Ratios:
For a better understanding of CDMO, let’s 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 Richieri Richard A. sold 2,031 shares for $10.05 per share. The transaction valued at 20,412 led to the insider holds 37,704 shares of the business.
Richieri Richard A. sold 201 shares of CDMO for $2,020 on Oct 10 ’24. The Chief Operations Officer now owns 7,218 shares after completing the transaction at $10.05 per share. On Oct 10 ’24, another insider, Kwietniak Matthew R., who serves as the Chief Commercial Officer of the company, sold 982 shares for $10.05 each. As a result, the insider received 9,869 and left with 25,191 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 658365952 and an Enterprise Value of 816897472. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.54 while its Price-to-Book (P/B) ratio in mrq is 11.02. Its current Enterprise Value per Revenue stands at 5.738 whereas that against EBITDA is -106.27.
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 -4.86%, while the 200-Day Moving Average is calculated to be 21.91%.
Shares Statistics:
Over the past 3-months, CDMO traded about 957.05K shares per day on average, while over the past 10 days, CDMO traded about 553730 shares per day. 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 102.10% stake in the company. Shares short for CDMO as of 1727654400 were 12721497 with a Short Ratio of 13.29, compared to 1724976000 on 12953331. Therefore, it implies a Short% of Shares Outstanding of 12721497 and a Short% of Float of 20.16.
