Avid Bioservices Inc (NASDAQ:CDMO) currently has a daily average trading volume of 740.51K but it saw 35018909 shares traded in last market. With a market cap of 780.85M USD, the company’s current market price of $12.24 came rising about 11.48 while comparing to the previous closing price of $10.98. In past 52 weeks, the stock remained buoying in the range of price level as high as $12.48 and as low as $4.07. In the recent trading on the day, stock has struck highest price mark of $12.17 while lowest mark touched by it was $12.33.
Taking a look at 20-day trading activity of Avid Bioservices Inc (CDMO) gives us an average price of $10.35, while its current price level is -1.92% below from 52-week high level whereas it is 200.70% 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 $10.54 while that of 200 days or SMA-200 reads an average of $8.67. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.82% during that period while stretching the period over a month that decreases to 3.73%. 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 73.94 which implies that the stock is in overbought 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 22.89% up while it is 18.15% when we observe its performance for the past one month. Year-to-date it is 88.31% up and over the past year, the stock is showing an upside performance of 108.52%.
Currently, Avid Bioservices Inc’s total number of outstanding shares is 63.57M. Company’s return on investment (ROI) stands at -54.77% and return on equity (ROE) at -115.84%. Stock’s beta reads 1.41. Stock has a price to book (P/B) ratio of 13.32 while price to sale or P/S ratio amounts to 5.49. Its return on asset (ROA) is -37.08% on average.
