Avid Bioservices Inc (NASDAQ: CDMO) stock closed at $12.24 on 11/7/24 after a major increase of 11.5%. Moreover, trading volume in this advance was exceptionally high at 2373% of normal. The stock has risen 20.6% during the last week and has been exceptionally strong relative to the market over the last nine months.
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 C (Low Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Avid Bioservices has a very low Appreciation Score of 4 but a very high Power Rating of 87, producing the Low Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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