Daniel Hart - Avid Bioservices Chief Officer

CDMO Stock  USD 6.83  0.15  2.25%   

Executive

Mr. Daniel R. Hart is Chief Financial Officer of the Company, effective August 1, 2018. He has served as Chief Financial Officer since August 1, 2018 and has over 20 years of finance and accounting experience. Mr. Hart is responsible for overseeing and managing all of our accounting and finance functions. Prior to joining us, Mr. Hart served as Chief Financial Officer of ENO Holdings, Inc., a family of companies focused on the residential real estate market with offerings spanning brokerage, franchisor, property management, title and escrow services. While with ENO Holdings, he helped optimize the groups accounting and finance department with a focus on establishing repeatable processes in the areas of financial statements, operating plans, cash forecasts and organization budgets. Prior to that position, Mr. Hart served as Senior Vice President, Chief Financial Officer and Assistant Secretary at SMA, a 100 million private equity owned management consulting firm that was previously a Nasdaqlisted company. During his time at SMA, which included several financial leadership positions of increasing responsibility, he was responsible for overseeing financial stewardship and played a central role in various financial transactions and corporate acquisitions since 2018.
Age 51
Tenure 6 years
Address 14191 Myford Road, Tustin, CA, United States, 92780
Phone714-508-6100
Webhttps://www.avidbio.com
Hart also previously served as Corporationrationrationrate Controller for Biolase Technology, Inc., a Nasdaqlisted medical device manufacturer, helping the company complete a $52 million secondary offering and multiple corporate acquisitions, and prior to that, worked at Deloitte & Touche LLP. He earned a BS degree in accounting from California Polytechnic State University, San Luis Obispo and is a certified public accountant in the State of California .

Avid Bioservices Management Efficiency

The company has return on total asset (ROA) of (0.0136) % which means that it has lost $0.0136 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.0628) %, meaning that it created substantial loss on money invested by shareholders. Avid Bioservices' management efficiency ratios could be used to measure how well Avid Bioservices manages its routine affairs as well as how well it operates its assets and liabilities. At this time, Avid Bioservices' Return On Tangible Assets are very stable compared to the past year. As of the 24th of April 2024, Return On Assets is likely to grow to 0, while Return On Capital Employed is likely to drop (0.01). At this time, Avid Bioservices' Net Tangible Assets are very stable compared to the past year. As of the 24th of April 2024, Return On Tangible Assets is likely to grow to 0, while Other Current Assets are likely to drop about 1.2 M.
The company currently holds 189.23 M in liabilities with Debt to Equity (D/E) ratio of 1.02, which is about average as compared to similar companies. Avid Bioservices has a current ratio of 1.89, which is within standard range for the sector. Debt can assist Avid Bioservices until it has trouble settling it off, either with new capital or with free cash flow. So, Avid Bioservices' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Avid Bioservices sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Avid to invest in growth at high rates of return. When we think about Avid Bioservices' use of debt, we should always consider it together with cash and equity.

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Avid Bioservices, Inc., a contract development and manufacturing organization, provides process development and current good manufacturing practices clinical and commercial manufacturing services focused on biopharmaceutical drug substances derived from mammalian cell culture. Avid Bioservices, Inc. was incorporated in 1981 and is headquartered in Tustin, California. Avid Bioservices operates under Biotechnology classification in the United States and is traded on NASDAQ Exchange. It employs 321 people. Avid Bioservices (CDMO) is traded on NASDAQ Exchange in USA. It is located in 14191 Myford Road, Tustin, CA, United States, 92780 and employs 365 people. Avid Bioservices is listed under Biotechnology category by Fama And French industry classification.

Management Performance

Avid Bioservices Leadership Team

Elected by the shareholders, the Avid Bioservices' board of directors comprises two types of representatives: Avid Bioservices inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Avid. The board's role is to monitor Avid Bioservices' management team and ensure that shareholders' interests are well served. Avid Bioservices' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Avid Bioservices' outside directors are responsible for providing unbiased perspectives on the board's policies.
Shelley Fussey, Vice President - Intellectual Property
Daniel Hart, Chief Officer
Stephen Hedberg, Principal Financial Officer, Principal Accounting Officer
Mark Ziebell, Vice President General Counsel, Corporate Secretary
Oksana Lukash, Vice People
Paul Lytle, CFO
Catherine Mackey, Independent Director
Roger Lias, President CEO
Gregory Sargen, Director
Harold MD, Medical Advisor
Mark Bamforth, Independent Director
Mark JD, General VP
Patrick Walsh, Independent Director
Prof Brekken, Medical Advisor
Richard Hancock, Director
Prof Schroit, Medical Advisor
Joel McComb, Director
Joseph Carleone, Director
Matthew Kwietniak, Chief Officer
Magnus Schroeder, Vice President - Process Sciences
Richard Richieri, Chief Officer
Tracy Kinjerski, VP Operations

Avid Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Avid Bioservices a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Avid Bioservices in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Avid Bioservices' short interest history, or implied volatility extrapolated from Avid Bioservices options trading.

Pair Trading with Avid Bioservices

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Avid Bioservices position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Avid Bioservices will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Avid Bioservices could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Avid Bioservices when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Avid Bioservices - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Avid Bioservices to buy it.
The correlation of Avid Bioservices is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Avid Bioservices moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Avid Bioservices moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Avid Bioservices can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Avid Bioservices offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Avid Bioservices' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Avid Bioservices Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Avid Bioservices Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Avid Bioservices. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
To learn how to invest in Avid Stock, please use our How to Invest in Avid Bioservices guide.
You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.

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When running Avid Bioservices' price analysis, check to measure Avid Bioservices' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Avid Bioservices is operating at the current time. Most of Avid Bioservices' value examination focuses on studying past and present price action to predict the probability of Avid Bioservices' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Avid Bioservices' price. Additionally, you may evaluate how the addition of Avid Bioservices to your portfolios can decrease your overall portfolio volatility.
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Is Avid Bioservices' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Avid Bioservices. If investors know Avid will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Avid Bioservices listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.80)
Earnings Share
(0.18)
Revenue Per Share
2.246
Quarterly Revenue Growth
(0.27)
Return On Assets
(0.01)
The market value of Avid Bioservices is measured differently than its book value, which is the value of Avid that is recorded on the company's balance sheet. Investors also form their own opinion of Avid Bioservices' value that differs from its market value or its book value, called intrinsic value, which is Avid Bioservices' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Avid Bioservices' market value can be influenced by many factors that don't directly affect Avid Bioservices' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Avid Bioservices' value and its price as these two are different measures arrived at by different means. Investors typically determine if Avid Bioservices is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Avid Bioservices' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.