Avid Bioservices Inc (NASDAQ: CDMO) stock closed at $9.53 on 7/16/24 after a major increase of 14.5%. Moreover, trading volume in this advance was exceptionally high at 227% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 32.9% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to fall short of the cost of capital, CDMO is expected to be a modest Value Eraser.
Avid Bioservices has a current Value Trend Rating of D (Negative). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Avid Bioservices has a very low Appreciation Score of 12 but a good Power Rating of 73, and the Negative Value Trend Rating results.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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