Avid Bioservices Inc (CDMO)

[stockaxe]

There is also sort of a strange notion on this message board that markets are extremely efficient all the time. Just because the stock is at $16 or wherever it ends up today, doesn't mean that's the "correct" price. Was it "correct" when it was in the low $3s in 2020 before going up 10x? There are all sorts of technical and short-term things at play, especially as the company has been added to indices. The only thing that matters is what any investor who owns (or doesn't own, or shorts) thinks that it is worth. Over time, it'll get to the fair price. I will say in a market environment like this, stocks don't tend to make new highs because you're fighting a tidal wave of selling everywhere. That's why patience and continued strong performance are the things to focus on. Like I said, wake up in a few years and in my opinion CDMO will be meaningfully higher.