Avid Bioservices Inc (NASDAQ: CDMO) is -0.16% lower on its value in year-to-date trading and has touched a low of $5.65 and a high of $12.48 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CDMO stock was last observed hovering at around $12.32 in the last trading session, with the day’s gains setting it 0.01%.
Currently trading at $12.33, the stock is 0.22% and 4.19% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.39 million and changing 0.08% at the moment leaves the stock 27.78% off its SMA200. CDMO registered 110.41% gain for a year compared to 6-month gain of 66.17%. The firm has a 50-day simple moving average (SMA 50) of $11.8344 and a 200-day simple moving average (SMA200) of $9.64955.
The stock witnessed a 0.08% loss in the last 1 month and extending the period to 3 months gives it a 16.76%, and is 0.41% 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 0.40% over the week and 0.63% over the month.
Avid Bioservices Inc (CDMO) has around 371 employees, a market worth around $789.31M and $150.44M in sales. Profit margin for the company is -101.07%. Distance from 52-week low is 118.23% and -1.20% from its 52-week high. The company has generated returns on investments over the last 12 months (-61.09%).
with sales reaching $42.41M over the same period.The EPS is expected to grow by 87.14% this year, but quarterly earnings will post 15.93% year-over-year. Quarterly sales are estimated to grow 25.48% in year-over-year returns.
Avid Bioservices Inc (CDMO) Top Institutional Holders
250.0 institutions hold shares in Avid Bioservices Inc (CDMO), with institutional investors hold 105.51% of the company’s shares. The shares outstanding are 63.96M, and float is at 63.09M with Short Float at 16.97%. Institutions hold 104.32% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 5.11 million shares valued at $36.46 million. The investor’s holdings represent 8.0798% of the CDMO Shares outstanding. As of 2024-06-30, the second largest holder is MILLENNIUM MANAGEMENT LLC with 5.1 million shares valued at $36.41 million to account for 8.069 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 3.8 million shares representing 6.0098% and valued at over $27.12 million, while 12 WEST CAPITAL MANAGEMENT LP holds 5.7688 of the shares totaling 3.65 million with a market value of $26.03 million.
Avid Bioservices Inc (CDMO) Insider Activity
The most recent transaction is an insider sale by Richieri Richard A., the company’s Chief Operations Officer. SEC filings show that Richieri Richard A. sold 3,843 shares of the company’s common stock on Dec 26 ’24 at a price of $12.22 per share for a total of $46961.0. Following the sale, the insider now owns 44556.0 shares.
Avid Bioservices Inc disclosed in a document filed with the SEC on Dec 26 ’24 that Kwietniak Matthew R. (Chief Commercial Officer) sold a total of 13,390 shares of the company’s common stock. The trade occurred on Dec 26 ’24 and was made at $12.22 per share for $0.16 million. Following the transaction, the insider now directly holds 50796.0 shares of the CDMO stock.
Still, SEC filings show that on Dec 26 ’24, Hart Daniel R (Chief Financial Officer) disposed off 22,813 shares at an average price of $12.22 for $0.28 million. The insider now directly holds 110,980 shares of Avid Bioservices Inc (CDMO).
