The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. Avid Bioservices has an asset utilization ratio of 178.78 percent. This suggests that the company is making $1.79 for each dollar of assets. An increasing asset utilization means that Avid Bioservices is more efficient with each dollar of assets it utilizes for everyday operations.
What is the right price you would pay to acquire a share of Avid Bioservices? For most investors, it would be the price that gives them a wide margin of safety to have minimal downside risk. In other words, most investors are always looking for undervalued stocks. Even if the
future performance is not entirely as expected, the loss of holding it is minimized, and the downside risk is negated. Please read more on our
stock advisor page.
What is happening with Avid Bioservices this year
Annual and quarterly reports issued by Avid Bioservices are formal
financial statements that are published yearly and quarterly and sent to Avid stockholders. The reports show and break down the current year's ongoing operations and discuss plans for the upcoming year. Annual reports have been a requirement from the
Securities and Exchange Commission (SEC) for businesses owned by the public since 1934.
Companies such as Avid Bioservices often view their annual report as an effective marketing tool to disseminate their perspective on company
future earnings or innovations. With this in mind, many companies devote large sums of money to making their reports attractive and informative. In such instances, the annual report becomes a forum through which a company can communicate to the general public any number of topics that may or may not be directly related to the actual data published in the reports.
Avid Bioservices Gross Profit
Avid Bioservices Gross Profit growth is one of the most critical measures in evaluating the company. The Gross Profit growth rate is calculated simply by comparing Avid Bioservices previous period's values with its current period's values. Each time period you're measuring should be of equal lengths the increase or decrease, in a company's Gross Profit between two periods. Here we show Avid Bioservices Gross Profit growth over the last 10 years. Please check Avid Bioservices'
gross profit and other
fundamental indicators for more details.
Is Avid Bioservices a risky opportunity?
Let's check the volatility. Avid Bioservices is looking slightly risky at this time. Whether you invest your money or manage your clients' funds, remember that it is easy to forget that behind Avid Bioservices (NASDAQ:CDMO) stock is an actual business venture. So, do not let stock picking become an abstract concept by ignoring the elementary risk calculations. picking up a share of an Avid Bioservices stock makes you a part-owner of that company.
Avid Bioservices Current Consensus
Here is the latest trade recommendation based on an ongoing consensus estimate among financial analysis covering Avid Bioservices. The Avid Bioservices consensus assessment is calculated by taking the average estimates from all of the analysts covering Avid Bioservices
| Strong Buy | 2 | 100.0 |
| Buy | 0 | 0.0 |
| Hold | 0 | 0.0 |
| Sell | 0 | 0.0 |
| Strong Sell | 0 | 0.0 |
How will Avid Bioservices institutional investors react to the next slide?
Value At Risk just dropped to -4.87, may entail upcoming price decrease. Avid Bioservices shows above-average downside volatility for the selected time horizon. We advise investors to inspect Avid Bioservices further and ensure that all market timing and asset allocation strategies are consistent with the estimation of Avid Bioservices future alpha.
Our Conclusion on Avid Bioservices
Whereas some other companies within the biotechnology industry are still a little expensive, even after the recent corrections, Avid Bioservices may offer a potential longer-term growth to institutional investors. With a somewhat neutral outlook on your 30 days horizon, it may be better to hold off any trading activity and neither take in new shares of Avid Bioservices nor drop your existing holdings in the Stock. It seems the expected volatility has not yet been fully factored into the current price. Please use our equity advice module to run different scenarios to ensure your current risk level and investment horizon are fully reflective of your current investing preferences in regards to Avid Bioservices.
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Ellen Johnson is a Member of Macroaxis Editorial Board. Ellen covers public companies in North America, focusing primarily on valuation and volatility. Six years of experience in predictive investment analytics and risk management.
View Profile This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Ellen Johnson do not own shares of Avid Bioservices. Please refer to our
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