Avid Book Value per Share vs Free Cash Flow Analysis

CDMO Stock

USD 6.80 0.06 0.89%

Avid Bioservices financial indicator trend analysis is way more than just evaluating Avid Bioservices prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Avid Bioservices is a good investment. Please check the relationship between Avid Bioservices Book Value Per Share and its Free Cash Flow accounts. 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.

Book Value Per Share vs Free Cash Flow

Book Value per Share vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Avid Bioservices Book Value per Share account and Free Cash Flow. At this time, the significance of the direction appears to have pay attention.

The correlation between Avid Bioservices' Book Value per Share and Free Cash Flow is -0.74. Overlapping area represents the amount of variation of Book Value per Share that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of Avid Bioservices, assuming nothing else is changed. The correlation between historical values of Avid Bioservices' Book Value per Share and Free Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Book Value per Share of Avid Bioservices are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Book Value per Share i.e., Avid Bioservices' Book Value per Share and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

-0.74

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Book Value Per Share

The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Most indicators from Avid Bioservices' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Avid Bioservices current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. 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.At this time, Avid Bioservices' Selling General Administrative is very stable compared to the past year. As of the 16th of April 2024, Discontinued Operations is likely to grow to about 1 M, while Sales General And Administrative To Revenue is likely to drop 0.20.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	21.2M	27.9M	32.1M	28.1M
Cost Of Revenue	82.9M	117.8M	135.5M	142.2M

Total Operating Expenses Cost Of Revenue

Avid Bioservices fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Non Current Assets Total	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Intangible Assets	Cash	Cash And Short Term Investments	Inventory	Non Currrent Assets Other	Short Term Debt	Other Assets	Long Term Debt
Total Assets		0.98	0.94	0.89	0.98	0.96	0.88	-0.1	0.91	0.97	0.96	0.84	0.99	0.2	0.64	0.99	0.96	0.75	0.76	0.28	0.28	0.89	0.82	-0.42	0.95	0.88
Short Long Term Debt Total	0.98		0.96	0.83	0.95	0.95	0.89	0.0	0.88	0.96	0.96	0.8	1.0	0.13	0.54	0.99	0.95	0.72	0.8	0.28	0.28	0.83	0.74	-0.54	0.95	0.9
Other Current Liab	0.94	0.96		0.84	0.89	0.9	0.82	-0.11	0.81	0.89	0.94	0.84	0.96	0.31	0.59	0.96	0.9	0.75	0.78	0.33	0.33	0.8	0.65	-0.6	0.86	0.86
Total Current Liabilities	0.89	0.83	0.84		0.85	0.81	0.65	-0.41	0.81	0.8	0.86	0.84	0.83	0.26	0.8	0.9	0.81	0.83	0.63	0.43	0.43	0.87	0.84	-0.1	0.76	0.74
Total Stockholder Equity	0.98	0.95	0.89	0.85		0.96	0.87	-0.11	0.91	0.97	0.91	0.83	0.95	0.25	0.65	0.96	0.96	0.68	0.71	0.2	0.2	0.9	0.84	-0.37	0.96	0.85
Property Plant And Equipment Net	0.96	0.95	0.9	0.81	0.96		0.96	-0.01	0.96	0.99	0.92	0.79	0.95	0.19	0.58	0.95	1.0	0.56	0.75	0.03	0.03	0.92	0.77	-0.46	0.96	0.87
Net Debt	0.88	0.89	0.82	0.65	0.87	0.96		0.2	0.89	0.96	0.83	0.65	0.89	0.1	0.36	0.86	0.96	0.35	0.71	-0.18	-0.18	0.85	0.67	-0.57	0.94	0.82
Retained Earnings	-0.1	0.0	-0.11	-0.41	-0.11	-0.01	0.2		-0.06	0.03	-0.18	-0.52	0.0	-0.36	-0.81	-0.09	-0.01	-0.42	-0.18	-0.4	-0.4	-0.15	-0.1	-0.36	0.09	-0.17
Accounts Payable	0.91	0.88	0.81	0.81	0.91	0.96	0.89	-0.06		0.94	0.85	0.71	0.88	0.11	0.6	0.89	0.96	0.53	0.66	0.02	0.02	0.9	0.76	-0.31	0.88	0.79
Non Current Assets Total	0.97	0.96	0.89	0.8	0.97	0.99	0.96	0.03	0.94		0.91	0.77	0.96	0.18	0.54	0.95	0.99	0.56	0.73	0.04	0.04	0.91	0.79	-0.46	0.98	0.87
Net Receivables	0.96	0.96	0.94	0.86	0.91	0.92	0.83	-0.18	0.85	0.91		0.9	0.96	0.1	0.66	0.97	0.92	0.77	0.89	0.34	0.34	0.81	0.69	-0.52	0.87	0.96
Common Stock Shares Outstanding	0.84	0.8	0.84	0.84	0.83	0.79	0.65	-0.52	0.71	0.77	0.9		0.8	0.31	0.86	0.83	0.79	0.74	0.86	0.35	0.35	0.75	0.6	-0.35	0.73	0.9
Non Current Liabilities Total	0.99	1.0	0.96	0.83	0.95	0.95	0.89	0.0	0.88	0.96	0.96	0.8		0.13	0.54	0.99	0.95	0.72	0.79	0.28	0.28	0.84	0.74	-0.54	0.95	0.9
Other Current Assets	0.2	0.13	0.31	0.26	0.25	0.19	0.1	-0.36	0.11	0.18	0.1	0.31	0.13		0.42	0.17	0.19	0.19	-0.09	0.07	0.07	0.3	0.24	-0.11	0.17	0.01
Other Stockholder Equity	0.64	0.54	0.59	0.8	0.65	0.58	0.36	-0.81	0.6	0.54	0.66	0.86	0.54	0.42		0.61	0.58	0.68	0.54	0.37	0.37	0.66	0.56	0.07	0.48	0.61
Total Liab	0.99	0.99	0.96	0.9	0.96	0.95	0.86	-0.09	0.89	0.95	0.97	0.83	0.99	0.17	0.61		0.95	0.77	0.78	0.32	0.32	0.87	0.79	-0.45	0.93	0.89
Property Plant And Equipment Gross	0.96	0.95	0.9	0.81	0.96	1.0	0.96	-0.01	0.96	0.99	0.92	0.79	0.95	0.19	0.58	0.95		0.56	0.75	0.03	0.03	0.92	0.77	-0.46	0.96	0.87
Total Current Assets	0.75	0.72	0.75	0.83	0.68	0.56	0.35	-0.42	0.53	0.56	0.77	0.74	0.72	0.19	0.68	0.77	0.56		0.58	0.83	0.83	0.54	0.61	-0.17	0.55	0.63
Intangible Assets	0.76	0.8	0.78	0.63	0.71	0.75	0.71	-0.18	0.66	0.73	0.89	0.86	0.79	-0.09	0.54	0.78	0.75	0.58		0.24	0.24	0.57	0.37	-0.59	0.69	0.97
Cash	0.28	0.28	0.33	0.43	0.2	0.03	-0.18	-0.4	0.02	0.04	0.34	0.35	0.28	0.07	0.37	0.32	0.03	0.83	0.24		1.0	0.0	0.18	0.02	0.06	0.22
Cash And Short Term Investments	0.28	0.28	0.33	0.43	0.2	0.03	-0.18	-0.4	0.02	0.04	0.34	0.35	0.28	0.07	0.37	0.32	0.03	0.83	0.24	1.0		0.0	0.18	0.02	0.06	0.22
Inventory	0.89	0.83	0.8	0.87	0.9	0.92	0.85	-0.15	0.9	0.91	0.81	0.75	0.84	0.3	0.66	0.87	0.92	0.54	0.57	0.0	0.0		0.91	-0.21	0.87	0.72
Non Currrent Assets Other	0.82	0.74	0.65	0.84	0.84	0.77	0.67	-0.1	0.76	0.79	0.69	0.6	0.74	0.24	0.56	0.79	0.77	0.61	0.37	0.18	0.18	0.91		0.01	0.8	0.55
Short Term Debt	-0.42	-0.54	-0.6	-0.1	-0.37	-0.46	-0.57	-0.36	-0.31	-0.46	-0.52	-0.35	-0.54	-0.11	0.07	-0.45	-0.46	-0.17	-0.59	0.02	0.02	-0.21	0.01		-0.45	-0.56
Other Assets	0.95	0.95	0.86	0.76	0.96	0.96	0.94	0.09	0.88	0.98	0.87	0.73	0.95	0.17	0.48	0.93	0.96	0.55	0.69	0.06	0.06	0.87	0.8	-0.45		0.83
Long Term Debt	0.88	0.9	0.86	0.74	0.85	0.87	0.82	-0.17	0.79	0.87	0.96	0.9	0.9	0.01	0.61	0.89	0.87	0.63	0.97	0.22	0.22	0.72	0.55	-0.56	0.83

Click cells to compare fundamentals

Avid Bioservices Account Relationship Matchups

Avid Bioservices fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	107.6M	265.5M	429.8M	451.1M	518.7M	544.6M
Short Long Term Debt Total	26.9M	118.2M	182.5M	189.2M	217.6M	228.5M
Other Current Liab	3.8M	9.6M	9.5M	10.4M	12.0M	12.6M
Total Current Liabilities	44.5M	70.9M	75.8M	73.7M	84.8M	89.0M
Total Stockholder Equity	41.9M	77.7M	174.5M	189.5M	217.9M	228.8M
Property Plant And Equipment Net	47.2M	56.1M	129.8M	220.1M	253.2M	265.8M
Net Debt	(9.4M)	(51.7M)	56.4M	150.7M	173.3M	182.0M
Retained Earnings	(571.1M)	(559.9M)	(431.4M)	(430.8M)	(387.7M)	(407.1M)
Accounts Payable	5.9M	9.3M	9.5M	24.6M	28.3M	29.7M
Non Current Assets Total	47.9M	57.7M	249.8M	338.6M	389.4M	408.9M
Net Receivables	11.9M	25.0M	25.9M	27.9M	32.1M	33.7M
Common Stock Shares Outstanding	56.3M	59.4M	70.5M	63.8M	73.3M	77.0M
Liabilities And Stockholders Equity	107.6M	265.5M	429.8M	451.1M	518.7M	544.6M
Non Current Liabilities Total	21.2M	116.8M	179.6M	187.9M	216.1M	226.9M
Other Current Assets	712K	1.1M	1.9M	2.1M	2.4M	1.2M
Other Stockholder Equity	612.9M	637.5M	605.8M	620.2M	713.3M	748.9M
Total Liab	65.7M	187.8M	255.3M	261.6M	300.8M	315.9M
Property Plant And Equipment Gross	47.2M	56.1M	129.8M	220.1M	253.2M	265.8M
Total Current Assets	59.8M	207.8M	180.0M	112.5M	129.3M	135.8M
Cash	36.3M	169.9M	126.2M	38.5M	44.3M	36.1M
Cash And Short Term Investments	36.3M	169.9M	126.2M	38.5M	44.3M	36.1M
Inventory	10.9M	11.9M	26.1M	43.9M	50.5M	53.0M
Short Term Debt	5.6M	1.4M	3.0M	1.4M	1.6M	1.5M
Other Assets	652K	1.6M	120.1M	118.5M	136.2M	143.0M
Property Plant Equipment	27.1M	37.5M	93.0M	177.4M	204.0M	214.2M
Current Deferred Revenue	29.1M	50.8M	53.8M	37.4M	43.0M	45.1M
Retained Earnings Total Equity	(571.1M)	(559.9M)	(431.4M)	(430.8M)	(387.7M)	(407.1M)
Deferred Long Term Liab	2.2M	2.1M	900K	3.5M	4.0M	4.2M
Net Tangible Assets	41.9M	77.7M	174.5M	189.5M	217.9M	228.8M
Capital Surpluse	612.9M	637.5M	605.8M	620.2M	713.3M	623.0M

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.

Moving against Avid Stock

0.43

MRNA

Moderna Financial Report 2nd of May 2024

Pair Corr

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 Correlation Correlation 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:

How To Invest In Avid

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Is Avid Stock a good investment?

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What is Avid Bioservices' Net Worth?

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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 Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.

Complementary Tools for Avid Stock analysis

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.

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Avid Book Value per Share vs Free Cash Flow Analysis

Book Value Per Share vs Free Cash Flow

Book Value per Share vs Free Cash Flow Correlation Analysis

Correlation Coefficient

Book Value Per Share

Free Cash Flow

Avid Bioservices fundamental ratios Correlations

Avid Bioservices Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Avid Bioservices fundamental ratios Accounts

Pair Trading with Avid Bioservices

Moving against Avid Stock

Complementary Tools for Avid Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Non Current Liabilities Total	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Assets
Total Liab	+ 0.99	Short Long Term Debt Total

Other Stockholder Equity	- 0.81	Retained Earnings
Short Term Debt	- 0.6	Other Current Liab
Short Term Debt	- 0.59	Intangible Assets
Short Term Debt	- 0.57	Net Debt
Long Term Debt	- 0.56	Short Term Debt
Short Term Debt	- 0.54	Non Current Liabilities Total