Will Beta

Main Menu

  • Volatility
  • Systematic Risk
  • Returns Of Assets
  • Beta Data
  • Finance Debt

Will Beta

Header Banner

Will Beta

  • Volatility
  • Systematic Risk
  • Returns Of Assets
  • Beta Data
  • Finance Debt
Beta Data
Home›Beta Data›Avid Bioservices, Inc. (NASDAQ: CDMO) General Counsel sells $ 206,713.83 in shares

Avid Bioservices, Inc. (NASDAQ: CDMO) General Counsel sells $ 206,713.83 in shares

By Rogers Jennifer
December 30, 2021
0
0


Avid Bioservices, Inc. (NASDAQ: CDMO) General Counsel Mark R. Ziebell sold 6,829 Avid Bioservices shares in a trade on Monday, December 27. The shares were sold for an average price of $ 30.27, for a total value of $ 206,713.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Actions of NASDAQ: CDMO traded up $ 1.03 in the midday session Wednesday, reaching $ 30.31. The company had a trading volume of 340,556 shares, compared to an average volume of 729,116. Avid Bioservices, Inc. has a 12-month low of $ 11.10 and a 12-month high of $ 34.51. The company has a current ratio of 2.98, a quick ratio of 2.68, and a debt ratio of 2.77. The stock has a market cap of $ 1.87 billion, a price-to-earnings ratio of 233.17 and a beta of 2.33. The company has a fifty-day simple moving average of $ 30.11 and a 200-day simple moving average of $ 26.17.

Avid Bioservices (NASDAQ: CDMO) last released its results on Tuesday, December 7. The biopharmaceutical company reported earnings per share of $ 0.06 for the quarter, beating the Thomson Reuters consensus estimate of $ 0.02 by $ 0.04. Avid Bioservices recorded a return on equity of 22.76% and a net margin of 13.20%. In the same quarter of last year, the company achieved EPS of $ 0.01. Stock analysts predict that Avid Bioservices, Inc. will post 0.27 EPS for the current fiscal year.

The CDMO has been the subject of several research reports. Craig Hallum raised his price target on Avid Bioservices from $ 29 to $ 35 and gave the company a “buy” rating in a research note on Wednesday, December 8. Zacks investment research downgraded Avid Bioservices from a “sell” rating to a “keep” rating and set a target price of $ 31.00 for the company in a research note on Wednesday, December 8. Royal Bank of Canada raised its price target on Avid Bioservices from $ 27.00 to $ 32.00 and assigned the company an “outperformance” rating in a research note on Wednesday, December 8. Finally, TheStreet downgraded Avid Bioservices from a “b-” rating to a “c” rating in a Wednesday, December 8 research note. One analyst rated the stock with a conservation rating and three gave the company’s stock a buy rating. According to MarketBeat.com, Avid Bioservices currently has a consensus rating of “Buy” and an average price target of $ 31.50.

(A d)

It could be the highest grossing event in crypto history. And that only happens once. If you miss it, there is no second chance.

A number of hedge funds have recently bought and sold shares of CDMOs. Royal Bank of Canada increased its holdings in Avid Bioservices by 64.0% in the first quarter. Royal Bank of Canada now owns 5,940 shares of the biopharmaceutical company valued at $ 108,000 after acquiring 2,319 additional shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Avid Bioservices during the second quarter worth approximately $ 191,000. Arizona State Retirement System purchased a new position in Avid Bioservices during the second quarter valued at approximately $ 424,000. Victory Capital Management Inc. purchased a new position in Avid Bioservices during the second quarter valued at approximately $ 493,000. Finally, GSA Capital Partners LLP purchased a new position in Avid Bioservices during the second quarter valued at approximately $ 502,000. Hedge funds and other institutional investors hold 85.80% of the company’s shares.

About Avid Bioservices

Avid Bioservices, Inc engages in commercial manufacturing. The company focuses on biopharmaceuticals derived from culturing mammalian cells for cultivation for biotechnology and pharmaceutical companies. It specializes in the manufacturing of clinical and commercial products, purification, bulk packaging, stability testing, and regulatory submissions and assistance.

Recommended Story: How Are Dividend Holders Different From Dividend Aristocrats?

Insider buys and sells by quarter for Avid Bioservices (NASDAQ: CDMO)

This instant news alert was powered by storytelling technology and financial data from MarketBeat to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team before publication. Please send any questions or comments about this story to [email protected]

Should you invest $ 1,000 in Avid Bioservices now?

Before you consider Avid Bioservices, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified the five stocks that top analysts quietly whisper to their clients to buy now before the broader market takes hold of … and Avid Bioservices was not on the list.

While Avid Bioservices currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better bets.

See the 5 actions here


Related posts:

  1. Conduent Incorporated (NASDAQ: CNDT) Given the average rating of “Conserve” by analysts
  2. Analysts Expect Darden Restaurants, Inc. (NYSE: DRI) to Report Earnings Per Share of $ 2.15
  3. Constellation Brands (NYSE: STZ) hits new 12-month high after analysts upgrade
  4. Zacks: Analysts Expect FTI Consulting, Inc. (NYSE: FCN) to Report Earnings of $1.03 Per Share
Tagsstock marketwall street

Recent Posts

  • “Mathematics does not account for human emotions” – News Bitcoin News
  • Economic daily: the role of real estate in stabilizing the economy is emerging
  • ‘Race against time’ to sell Slough properties and land
  • Organic Asparagus Market Size and Forecast to 2028 | Altar Produce, DanPer, Beta SA, AEI, Agrizar – Designer Women
  • SoFi Technologies (NASDAQ:SOFI) vs Northern Lights Acquisition (NASDAQ:NLIT) Direct Survey

Archives

  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021

Categories

  • Beta Data
  • Finance Debt
  • Returns Of Assets
  • Systematic Risk
  • Volatility
  • Terms and Conditions
  • Privacy Policy