Take off with Avid Bioservices Inc (CDMO): Get ready for trading

With 0.6 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.4 shares. During the session, the Biotechnology company that operates in wider Healthcare sector, reached to the highest price of $6.83 whereas the lowest price it dropped to was $6.54. The 52-week range on CDMO shows that it touched its highest point at $21.05 and its lowest point at $4.07 during that stretch. It currently has a 1-year price target of $13.00. Beta for the stock currently stands at 1.63.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CDMO was up-trending over the past week, with a rise of 8.39%, but this was up by 3.86% over a month. Three-month performance surged to 22.18% while six-month performance fell -47.62%. The stock lost -60.12% in the past year, while it has gained 3.38% so far this year. A look at the trailing 12-month EPS for CDMO yields -0.18 with Next year EPS estimates of -0.03. For the next quarter, that number is -0.05. This implies an EPS growth rate of -2700.00% for this year and 89.42% for next year.

Float and Shares Shorts:

At present, 62.69 million CDMO shares are outstanding with a float of 62.62 million shares on hand for trading. On Jan 31, 2024, short shares totaled 5.23 million, which was 8.27% higher than short shares on Dec 29, 2023. In addition to CDIO as the firm’s Cardio Diagnostics Holdings Inc, CDMO serves as its Avid Bioservices, Inc..


Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CDMO since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With CDMO analysts setting a high price target of $16.00 and a low target of $7.00, the average target price over the next 12 months is $13.00. Based on these targets, CDMO could surge 138.1% to reach the target high and rise by 4.17% to reach the target low. Reaching the average price target will result in a growth of 93.45% from current levels.

Summary of Insider Activity:

Insiders traded CDMO stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 55 while that of sell transactions has risen to 38 over the past year. The total number of shares bought during that period was 335,278 while 176,698 shares were sold.