Avid Bioservices Inc (NASDAQ: CDMO) is 16.31% higher on its value in year-to-date trading and has touched a low of $4.07 and a high of $18.86 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CDMO stock was last observed hovering at around $7.35 in the last trading session, with the day’s gains setting it 0.21%.
Currently trading at $7.56, the stock is 12.25% and 7.55% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.44 million and changing 2.86% at the moment leaves the stock -6.79% off its SMA200. CDMO registered -57.29% loss for a year compared to 6-month gain of 16.49%.
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The stock witnessed a 12.84% loss in the last 1 month and extending the period to 3 months gives it a 3.00%, and is 17.94% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 7.22% over the week and 7.11% over the month.
Avid Bioservices Inc (CDMO) has around 365 employees, a market worth around $479.91M and $136.74M in sales. Profit margin for the company is -13.35%. Distance from 52-week low is 85.73% and -59.92% from its 52-week high. The company has generated returns on investments over the last 12 months (-7.86%).
The EPS is expected to shrink by -3100.00% this year.
Avid Bioservices Inc (CDMO) Top Institutional Holders
The shares outstanding are 63.48M, and float is at 62.78M with Short Float at 16.44%.
Avid Bioservices Inc (CDMO) Insider Activity
The most recent transaction is an insider sale by Kwietniak Matthew R.,the company’sChief Commercial Officer. SEC filings show that Kwietniak Matthew R. sold 274 shares of the company’s common stock on Jan 12 ’24 at a price of $6.77 per share for a total of $1855.0. Following the sale, the insider now owns 19829.0 shares.
Avid Bioservices Inc disclosed in a document filed with the SEC on Jan 10 ’24 that Hart Daniel R (Chief Financial Officer) sold a total of 2,408 shares of the company’s common stock. The trade occurred on Jan 10 ’24 and was made at $6.17 per share for $14857.0. Following the transaction, the insider now directly holds 79305.0 shares of the CDMO stock.
Still, SEC filings show that on Jan 10 ’24, Ziebell Mark R (V. P., General Counsel) disposed off 1,346 shares at an average price of $6.17 for $8305.0. The insider now directly holds 63,269 shares of Avid Bioservices Inc (CDMO).
