Avid Bioservices Story

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CDMO -- USA Stock  

USD 19.02  0.14  0.73%

Avid Bioservices is currently generating 0.8877% in daily expected returns and assumes 4.5432% risk (volatility on return distribution) over the 90 days horizon. While some risk-loving traders are indifferent towards current market volatility, it is reasonable to outline the risk of investing in Avid Bioservices. We will evaluate if Avid Bioservices' current volatility will continue into April. The latest above-average Avid Bioservices' volatility may impact the value of the stock as we project Avid Bioservices as currently fairly valued. The real value, according to our calculations, is approaching 17.73 per share.
Published over a month ago
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Will Avid Bioservices (NASDAQ:CDMO) latest volatility spike continue?
The company currently holds 21.88 M in liabilities with Debt to Equity (D/E) ratio of 0.44, which is about average as compared to similar companies. Avid Bioservices has a current ratio of 1.42, which is within standard range for the sector.
Volatility is a rate at which the price of Avid Bioservices or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of Avid Bioservices may increase or decrease. In other words, similar to Avid Bioservices's beta indicator, it measures the risk of Avid Bioservices and helps estimate the fluctuations that may happen in a short period of time. So if prices of Avid Bioservices fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.

How important is Avid Bioservices's Liquidity

Avid Bioservices financial leverage refers to using borrowed capital as a funding source to finance Avid Bioservices ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Avid Bioservices financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Please check the breakdown between Avid Bioservices's total debt and its cash.

How Avid Bioservices utilizes its cash?

To perform a cash flow analysis of Avid Bioservices, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash Avid Bioservices is receiving and how much cash it distributes out in a given period. The Avid Bioservices cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities.
Avid Bioservices Net Cash Flow from Operations is quite stable at the moment as compared to the past year. The company's current value of Net Cash Flow from Operations is estimated at 7.23 Million

Avid Bioservices Volatility Drivers

Avid Bioservices unsystematic risk is unique to Avid Bioservices and usually not directly affected by the market or economic environment. An example of unsystematic risk is the possibility of poor earnings or a layoff due to coronavirus. One may mitigate nonsystematic risk by buying different securities in the same industry or by buying in different sectors. For example, if you have a position in Avid Bioservices you can also buy Dicerna Pharmaceutic. You can also mitigate this risk by investing in the biotechnology sector as well as in companies having nothing to do with it. This type of risk is also called diversifiable risk and can be understood from analyzing Avid Bioservices important indicators over time. Here we run a correlation analysis between relevant fundamental ratios over at least ten year period to find a relationship in the way they react to changes in Avid Bioservices income statement and balance sheet. Here are more details about Avid Bioservices volatility.
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