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Avid Bioservices Inc

Avid Bioservices Inc (CDMO)

12.45
1.03
(9.02%)
At close: September 19 4:00PM
12.45
-0.01
( -0.08% )
After Hours: 4:25PM

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Key stats and details

Current Price
12.45
Bid
11.37
Ask
12.95
Volume
1,466,048
11.68 Day's Range 12.48
4.0705 52 Week Range 12.46
Market Cap
Previous Close
11.42
Open
11.76
Last Trade Time
16:36:51
Financial Volume
$ 17,793,222
VWAP
12.1369
Average Volume (3m)
942,907
Shares Outstanding
63,795,108
Dividend Yield
-
PE Ratio
-5.55
Earnings Per Share (EPS)
-2.21
Revenue
139.91M
Net Profit
-140.75M

About Avid Bioservices Inc

Avid Bioservices Inc is a clinical-stage biopharmaceutical company focused on the development and Current Good Manufacturing Practices (CGMP) of biopharmaceutical products derived from mammalian cell culture. The company provides a comprehensive range of process development and high-quality CGMP cli... Avid Bioservices Inc is a clinical-stage biopharmaceutical company focused on the development and Current Good Manufacturing Practices (CGMP) of biopharmaceutical products derived from mammalian cell culture. The company provides a comprehensive range of process development and high-quality CGMP clinical and commercial manufacturing services for the biotechnology and biopharmaceutical industries. Show more

Sector
Pharmaceutical Preparations
Industry
Pharmaceutical Preparations
Headquarters
Wilmington, Delaware, USA
Founded
-
Avid Bioservices Inc is listed in the Pharmaceutical Preparations sector of the NASDAQ with ticker CDMO. The last closing price for Avid Bioservices was $11.42. Over the last year, Avid Bioservices shares have traded in a share price range of $ 4.0705 to $ 12.46.

Avid Bioservices currently has 63,795,108 shares outstanding. The market capitalization of Avid Bioservices is $728.54 million. Avid Bioservices has a price to earnings ratio (PE ratio) of -5.55.

CDMO Latest News

Avid Bioservices to Participate in Craig-Hallum Bioprocessing Conference

TUSTIN, Calif., Sept. 12, 2024 (GLOBE NEWSWIRE) -- Avid Bioservices, Inc.Β (NASDAQ: CDMO), a dedicated biologics contract development and manufacturing organization (CDMO) working to improve...

Avid Bioservices Reports Financial Results for First Quarter Ended July 31, 2024

-- Recorded First Quarter Revenue of $40.2 Million -- -- Signed $66 Million in Net New Business, Resulting in Backlog of $219 Million -- -- Maintained FY2025 Revenue Guidance of Between $160...

U.S. Futures Rise Amid Inflation Report Anticipation; Oil Prices Climb on Hurricane Threat and Supply Concerns

U.S. index futures advanced in premarket trading on Monday after a tough week marked by concerns over labor market slowdown. Investors are awaiting two inflation reports this week that could...

Avid Bioservices to Report Financial Results for First Quarter of Fiscal Year 2025 After Market Close on September 9, 2024

TUSTIN, Calif., Sept. 03, 2024 (GLOBE NEWSWIRE) -- Avid Bioservices, Inc. (NASDAQ:CDMO), a dedicated biologics contract development and manufacturing organization (CDMO) working to improve...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
11.7616.463985032710.6912.4610.6272092011.30000692CS
40.998.638743455511.4612.468.7472540310.29979564CS
125.2472.67683772547.2112.466.619429079.65452008CS
265.9591.53846153856.512.466.1759948198.47949497CS
522.5325.50403225819.9212.464.070511552327.32499362CS
156-8.07-39.327485380120.5234.514.070581922413.42298661CS
2606.64114.2857142865.8134.513.0267815113.39756822CS

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CDMO Discussion

View Posts
westjtter westjtter 43 minutes ago
Yes I did, and I think it is a very good thing!!!
πŸ‘οΈ0
cheynew cheynew 2 hours ago
You got your million shares.
πŸ‘οΈ0
ArchieK ArchieK 3 hours ago
Following the fireside chat, a webcast replay will be available via a link on Avid’s investor website at: http://ir.avidbio.com/investor-events.
πŸ‘οΈ0
djohn djohn 3 hours ago
Nick and Pramthesh start their fireside chat in an hour.

https://ir.avidbio.com/news-releases/news-release-details/avid-bioservices-participate-craig-hallum-bioprocessing
πŸ‘οΈ0
westjtter westjtter 4 hours ago
Would love to see at least 1 million shares traded today, but will take it either way....not sure how much higher we can go without some news???
πŸ‘οΈ0
ArchieK ArchieK 4 hours ago
This beats where we were but Lordy I still kick myself for not dumping at $34 or whatever it was. It will return but will I live that long? We'll see LOL!
πŸ‘οΈ0
harry crumb harry crumb 4 hours ago
Rippn north folks, congrats to those who held
πŸ‘οΈ0
ElSid18 ElSid18 5 hours ago
The situation with Halo and cdmo today
could spark a takeover...just my opinion..
The shorts are probably in arbitrage mode
likely locking up a spread between the short
and long........GLTA longs....
πŸ‘οΈ0
cheynew cheynew 6 hours ago
Unusual we are up almost a dollar and HALO is down 2.43.
πŸ‘οΈ0
4OurRetirement 4OurRetirement 7 hours ago
Quote: "Breakout trade CONFIRMED breakout above 11.7 Target:13.27,"...

12.8% Stop: 11.3 Loss: 3.9%
P/L ratio: 3.3 : 1 - Excellent"

*******************************
At Least According To:

https://www.stockconsultant.com/consultnow/basicplus.cgi?symbol=CDMO

Glta $CDMO Bulls, Watchers, & StockHOLDers!
πŸ‘οΈ0
Threes Threes 8 hours ago
IDK , IMO the interest rate cut could push us north.
πŸ‘οΈ0
cheynew cheynew 10 hours ago
Futures up +492.
πŸ‘οΈ0
jbainseky jbainseky 10 hours ago
One more day of downward pressure/consolidation. In my opinion of course.

FFTT
JBAIN
πŸ‘οΈ0
Preciouslife1 Preciouslife1 21 hours ago
Hi!! All MM Signaling of intent ...
πŸ‘οΈ0
cheynew cheynew 21 hours ago
What is the point of these 1 share trades?
Date/Time Price Shares Exch/Mkt
09/18/2024 19:13:42 EDT I 11.99 1 NDD
09/18/2024 16:56:38 EDT I 11.13 1 EDGX
09/18/2024 16:37:56 EDT W 11.42 88223
👍️ 1
djohn djohn 24 hours ago
And we're stuck with a 7% note to pay. We better get more business because if you run the numbers
Yearly interest payments
$125 million at 1.25% = $1,562,500
$160 million at 7% = $11,200,000
Difference $9,637,500
That means we have to do about $32 million more in revenue to pay for the higher interest payment(That's if Avid does a 30% margin)
Last quarter they did 14% margin which would require a $69 million increase in revenue to pay the new interest payment
👍️ 1
horselover45 horselover45 1 day ago
JUst my logical thoughts.
Cutting rates will make getting financing for startups much easier. With that thouyght AVID should be getting more business.
👍️ 1
jbainseky jbainseky 1 day ago
In my opinion it COULD be the MM picking up some easy shares to go with the rate cut surprise. Oh My

FFTT
JBAIN
πŸ‘οΈ0
horselover45 horselover45 1 day ago
Looks like you spoke to soon.😊
πŸ‘οΈ0
jbainseky jbainseky 1 day ago
Well it looks like we have our answer...... Next bottom likely below 11 but 10.50 isn't out of the question. All my opinion of course.

FFTT
JBAIN
πŸ‘οΈ0
jbainseky jbainseky 1 day ago
Today looks to be about 50-50 whether we set a new 52 week high (+3.2%) or we get pushed back down towards the $11 level. If we continue to push higher, the next stop is likely about $12.50. All in my opinion of course 😁

FFTT
JBAIN
πŸ‘οΈ0
cheynew cheynew 2 days ago
This painting the tape I like. Doubt it holds.

09/17/2024 16:40:09 EDT I 11.93 14 NDD
πŸ‘οΈ0
westjtter westjtter 2 days ago
Well, to be fair, the entire market pulled back towards the end of the day, so unlike some days, the stock was trading very much like the overall market today. Avid Stock price appreciation percentage still bettered the Russell 2000 ave for the day....so all in all, a pretty good positive.

Now will the share price find a way into the $12's in the coming week or two(or heaven forbid, back into the $10's or)??? I am not sure...we will see!
πŸ‘οΈ0
jbainseky jbainseky 2 days ago
traaa lllaaaaa llllllllaaaaa llllalaaaa
πŸ‘οΈ0
jbainseky jbainseky 2 days ago
I don't think it will unless there are significant "real" shorts that need to cover. Volume is showing this is still MM trading so I would expect they take it down again.

FFTT
JBAIN
πŸ‘οΈ0
westjtter westjtter 2 days ago
Nice call Jbainsky....now lets see if it will hold as the volume is still on the lighter side!!!
πŸ‘οΈ0
Preciouslife1 Preciouslife1 2 days ago
Ummm NEW 52 week HIGH!
Hopefully this nice run up will continue and persevere through market conditions and MM Manipulation… all the best to all longs!
πŸ‘οΈ0
jbainseky jbainseky 2 days ago
TAAAA-DAAAA!
πŸ‘οΈ0
jbainseky jbainseky 2 days ago
will today start a run of 52 week highs? We are set up that way and the flying little bear in no where to be found.
πŸ‘οΈ0
westjtter westjtter 3 days ago
IMO it is going to be tough to move much higher until the company demonstrates that they will be able to make a profit(not just build on their backlog)by actually making a dent in their excess capacity! The current convertible financing agreement is set up much more to favour the issuer of the debt than the recipient with a low strike price($9's) and a high 7% interest rate especially in light of the fact that we are now entering a longer term time line of falling interest rates....this refi was done at the height of the interest rate cycle.

Now I have not seen the financing document, but I would hope(and believe) that management would have the option to pay off the loan before its maturity date....especially with rates falling going forward?

So if I was Daniel Hart, I would be searching to see if there is a better deal out there, as in a lower rate with a higher strike price on the convertible. The company was in an emergency type situation(although I will not and do not understand why the original loan had to be paid back immediately which is a little bizzare to say the least) and so had to make a deal that may not have been the greatest but was one they were forced to make out of necessity.

So basically cutting a deal with a sort of White knight financier to negotiate some kind of a financing vehicle that would provide enough funding to pay off the original agreement at much better terms! This would certainly make sense to me!!

Now it may be a little early, but perhaps in 12-18 months, Avid will be in a stronger position and rates will be probably be 1.5 to 2 points lower and this would really help their interest costs.

Or perhaps just have the White Knight buy us out???

Some things to ponder while we seem to be stuck in the current share price range.
πŸ‘οΈ0
djohn djohn 3 days ago
FYI

My post# 346268 "This is just my opinion"
My post# 346265 " This is just my opinion of course"
My post# 346217 " I believe the problem is"

I try to state that things I post are my opinion, and your right I don't always do that, but everyone should know nothing posted on here should be taken as fact.
I guess posting that nothing posted here should be taken as fact is really my opinion, or is it?🤨
πŸ‘οΈ0
hayward hayward 3 days ago
djohn

IMO It is hard to make money when typically 20-50 thousand shares at the beginning of the day dictates the price . So if you short 50,000 to get the PPS lower it mostly stays at that price . Same for up days IMO not enough volume in-between to make money all IMO Also there are more traders then just the note holder which IMO you seem to bring up as the reason for the above. You should state that your post is your opinion instead of portraying them as fact


Michael
πŸ‘οΈ0
ElSid18 ElSid18 3 days ago
Has anyone noticed our 52 week high is
now 11.57? We all know where we've been, but we could be on new high list soon...
Stranger things have happened!!!
πŸ‘οΈ0
djohn djohn 6 days ago
Hi hay,
Convertible Arbitrage is a neutral position that makes profits on volatility. I don't think they're here to create downward pressure. They're here to create volatility and trade off of it to make money while being protected both on the downside and upside. Plus collecting the 7% dividend payment and interest on the cash received selling the borrowed stock they shorted.
πŸ‘οΈ0
4OurRetirement 4OurRetirement 6 days ago
"Breakout trade WATCH for possible breakout above 11.7"...

"Target: 13.18, 17.8% Stop: 10.63 Loss: 5%
P/L ratio: 3.6 : 1 - Excellent"
***************************************************

At Least According To:

https://www.stockconsultant.com/consultnow/basicplus.cgi?symbol=CDMO

Glta $CDMO Bulls, Watchers, & StockHOLDers!
πŸ‘οΈ0
hayward hayward 6 days ago
Westjetter

It was Djohn that started the Debt holders doing all the shorting speculation but IMO they do not account for ALL the down pressure as he seems to think
IMO
πŸ‘οΈ0
hayward hayward 6 days ago
Preciouslife

I get that when the big one hits everything on wall street will crash ! My point was if it was in orange county that may have been an issue for us short term

Michael
πŸ‘οΈ0
Preciouslife1 Preciouslife1 6 days ago
Hi! Seriously?? 104 miles in relation to the size of the San Andreas fault???
All of California is at risk for a BIG EARTHQUAKE NOT a 3-4.7 Magnitude Quake!!
https://www.google.com/gasearch?q=quake%20in%20California&source=sh/x/gs/m2/5
πŸ‘οΈ0
r622102675 r622102675 6 days ago
When you hear/see news about a s/Cal earthquake...go here... https://www.usgs.gov/programs/earthquake-hazards gives you a link to find it ...then a regional map option is displayed to see epicenter in relation to tustin... like this was zoom feature w/ the malibu quake ... rhttps://earthquake.usgs.gov/earthquakes/eventpage/ci40731623/map ...r
👍️ 1
hayward hayward 6 days ago
preciouslife

Just to say the two counties are 104 miles apart

Michael
πŸ‘οΈ0
geocappy1 geocappy1 6 days ago
That would be the final act for this team to find out that an earthquake caused excessive damage and they had overlooked adequate insurance coverage to cover their operation.
πŸ‘οΈ0
Preciouslife1 Preciouslife1 6 days ago
https://www.cnn.com/2024/09/12/us/california-earthquake-ventura-county/index.html?utm_campaign=mb&utm_medium=newsletter&utm_source=morning_brew
πŸ‘οΈ0
lemmy lemmy 1 week ago
CDMO nΓ©e PPHM is still hanging in there, I see.
πŸ‘οΈ0
westjtter westjtter 1 week ago
OK...perhaps I did not understand...I was referring to the first part of your statement...not every share traded is by the debt holders...don't know where that came from, but yes the other sentence was certainly mine.....referring to whether the $11's will hold or if the convertible holders will again short this down and play the volatility game....and to add to this....others are also able to short in a thinly traded stock like Avid has been on some days.

Let' see what happens and if we can hold the $11's or even head to $12 which I did not think we would touch for several months...again hope I was wrong in that assumption!
πŸ‘οΈ0
hayward hayward 1 week ago
westjetter ???
Yes you did or Did someone else write it using your name ?? Last sentence

So yes it was a setback and now is somewhat of a millstone, but it is one they can shed and shareholders can still profit greatly if Avid fully gets their sh-- together. The share price seems to be responding nicely and coming back to their highs of several weeks ago, so I guess we all hang in there and see if the new price in the $11's will hold or if the convertible holders will again short this down and play the volatility game??



Michael
πŸ‘οΈ0
cheynew cheynew 1 week ago
Any concern about the Malibu earthquake?
πŸ‘οΈ0
jbainseky jbainseky 1 week ago
Think of it this way... there is always "normal" trading going on where shares are traded between "real" shareholders, both retail and institutional. At the same time, especially when there is low volume trading, the MM is also trading with themselves, moving shares between long and short positions making money as they move the PPS around (it's their job). Then add in the arbitrage holder, (again could be a MM or in close relationship with one) who wants to move the PPS around and is covered by the convertible. End result is 1M+ shares "traded" but only a fraction of that is the "real" trades. Thus there is changes in the short positions and not much in the institutional holdings. Also why you can have over 100% institutional holding.

The game only ends when there is increased interest in the company and there is significantly more "real" trading. It is reduced when the convertible is gone, but the MM is still moving the PPS.

FFTT
JBAIN
πŸ‘οΈ0
westjtter westjtter 1 week ago
I never made this statement, and I have no real idea who is trading what, but yes the convertible holders(or any other shareholders for that matter) do have an influence on the share price and yes when we are traded thinly, they can manipulate things up, or down! IMO
πŸ‘οΈ0
hayward hayward 1 week ago
IMO
Since Sept 9 Monday was a down day any holders that sold or bought on margin have until close today to cover IMO

Michael
πŸ‘οΈ0
hayward hayward 1 week ago
westjetter

Is this statement your opinion or fact ? Not every share traded is by the debt holders !

if the convertible holders will again short this down and play the volatility game??

Michael
πŸ‘οΈ0

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