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Avid Bioservices, Inc. (CDMO)
After hours:
| Previous close | 9.50 |
| Open | 9.48 |
| Bid | 9.60 x 1000 |
| Ask | 0.00 x 1100 |
| Day's range | 9.18 - 9.73 |
| 52-week range | 9.18 - 21.05 |
| Volume | |
| Avg. volume | 560,380 |
| Market cap | 605.884M |
| Beta (5Y monthly) | 1.68 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | -0.05 |
| Earnings date | 04 Dec 2023 - 08 Dec 2023 |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | 19.25 |
ZacksAvid Bioservices (CDMO) Reports Break-Even Earnings for Q1
Avid Bioservices (CDMO) delivered earnings and revenue surprises of 100% and 10.96%, respectively, for the quarter ended July 2023. Do the numbers hold clues to what lies ahead for the stock?
Motley FoolWhy Avid Bioservices Stock Was Plummeting This Week
Avid Bioservices (NASDAQ: CDMO) hasn't been a very lively investment in recent days. According to data compiled by S&P Global Market Intelligence, the specialty healthcare company's stock was down 17% week to date as of early Friday morning. Avid Bioservices, a contract developer and manufacturer of biologics, released its fiscal 2023 fourth-quarter results after market hours on Wednesday.
Motley FoolWhy Shares of Avid Bioservices Are Dropping Thursday
Shares of Avid Bioservices (NASDAQ: CDMO) were down more than 12% Thursday afternoon after falling as much as 17% earlier in the day. The drop came after the biologics contract development and manufacturing organization (CDMO) released fourth-quarter and full-year fiscal 2023 earnings. Avid's stock is down more than 2% so far this year.
