It’s Not Over Yet For Avid Bioservices Inc (NASDAQ: CDMO)

After Hours

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Stocks Info

Avid Bioservices Inc is listed on the NASDAQ as a member of the Healthcare sector and is a part of the Biotechnology industry. The current market capitalization of Avid Bioservices Inc is $556.08M. A total of 1.51 million shares were traded on the day, compared to an average of 1.39M shares.

In the most recent transaction, Green Nicholas Stewart sold 11,762 shares of CDMO for 7.40 per share on Apr 30 ’24. After the transaction, the President & CEO now owns 203,606 company shares. In a previous transaction on Apr 30 ’24, Hart Daniel R sold 2,826 shares at 7.40 per share. CDMO shares that Chief Financial Officer owns now total 82,221.

Among the insiders who sold shares, Ziebell Mark R disposed of 1,643 shares on Apr 30 ’24 at a per-share price of $7.40. This resulted in the V. P., General Counsel holding 64,834 shares of CDMO after the transaction. In another insider transaction, Kwietniak Matthew R. sold 1,233 shares at $7.40 per share on Apr 30 ’24. Company shares held by the Chief Commercial Officer now total 21,797.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, CDMO has a high of $18.65 and a low of $4.07.

As of this writing, CDMO has an earnings estimate of -$0.04 per share for the current quarter. EPS was calculated based on a consensus of 4.0 estimates, with a high estimate of -$0.03 per share and a lower estimate of -$0.05. The company reported an EPS of $0 in the last quarter

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. CDMO’s latest balance sheet shows that the firm has $126.17M in Cash & Short Term Investments as of fiscal 2022. There were $182.53M in debt and $75.76M in liabilities at the time. Its Book Value Per Share was $2.84, while its Total Shareholder’s Equity was $174.53M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CDMO is Buy with a score of 4.40.

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