Avid Bioservices Inc (NASDAQ:CDMO) currently has a daily average trading volume of 1.12M but it saw 730212 shares traded in last market. With a market cap of 663.78M USD, the company’s current market price of $10.44 came rising about 2.05 while comparing to the previous closing price of $10.23. In past 52 weeks, the stock remained buoying in the range of price level as high as $13.22 and as low as $4.07.
Taking a look at 20-day trading activity of Avid Bioservices Inc (CDMO) gives us an average price of $8.98, while its current price level is -21.03% below from 52-week high level whereas it is 156.48% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $8.27 while that of 200 days or SMA-200 reads an average of $7.09. A closer look into the stock’s movement over the week reveals that its volatility is standing at 6.85% during that period while stretching the period over a month that increases to 7.94%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 68.68 which implies that the stock is in neutral territory.
KeyBanc Capital Markets upgraded its recommendation for the stock as a “Overweight” from “Sector Weight” on March 14, 2023 while assigning a price target of $20.
Over the week, CDMO’s stock price is moving 11.18% up while it is 46.63% when we observe its performance for the past one month. Year-to-date it is 60.62% up and over the past year, the stock is showing a downside performance of -17.54%.
Currently, Avid Bioservices Inc’s total number of outstanding shares is 63.57M. Company’s return on investment (ROI) stands at -52.93% and return on equity (ROE) at -112.58%. Stock’s beta reads 1.32. Stock has a price to book (P/B) ratio of 10.90 while price to sale or P/S ratio amounts to 4.74. Its return on asset (ROA) is -34.58% on average.
