Avid Bioservices Inc (CDMO)

[Preciouslife1]

12. Avid Bioservices, Inc. (NASDAQ:CDMO) .....Number of Hedge Fund Holders:13

Average Analyst Price Estimate: $22.25
Avid Bioservices, Inc. (NASDAQ:CDMO) is operating in the biotech industry. Avid Bioservices, Inc. (NASDAQ:CDMO) is up about 9% year to date through May 22. Earlier this month Avid Bioservices, Inc. (NASDAQ:CDMO) posted solid results for the fiscal third quarter. GAAP EPS in the quarter came in at $0.01, beating estimates by $0.05. Revenue in the period increased by about 21% year over year to reach $38.02 million, beating estimates by $1.7 million. KeyBanc analyst Paul Knight upgraded Avid Bioservices, Inc. (NASDAQ:CDMO) after the results and set a $20 price target.