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Avid Bioservices Inc

Avid Bioservices Inc (CDMO)

10.23
-0.09
(-0.87%)
At close: July 26 3:00PM
10.23
0.00
( 0.00% )
After Hours: 5:41PM

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CDMO News

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CDMO Discussion

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Preciouslife1 Preciouslife1 3 hours ago
$11.22 up $1.00 AFTER HOURS!
Only 60,000 shares traded AH BUT!
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cheynew cheynew 4 hours ago
What??
07/26/2024 16:05:26 EDT T 11.22 24842 NDD
07/26/2024 16:05:20 EDT T 11.22 24843 NDD
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westjtter westjtter 5 hours ago
Well its been a great week for our share price and still not sure what caused or propelled this breakout but hopefully we can consolidate here above $10 and hang in there until we get some positive news to push us up to the next level??? I know I am sounding optimistic, but yesterday's volume and share price increase was certainly encouraging!

Our excess capacity really gives us a lot of growth and profit potential if our development team can finally start bringing in the contracts....all I can say is 🤞
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bfiest bfiest 7 hours ago
It was mentioned at the year end that they secured a contract with a major pharmaceutical company. The extent of the contract was not mentioned.
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4OurRetirement 4OurRetirement 9 hours ago
SameHere. That's Why I Included SourceLink , JustInCase...glta,eom.
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4OurRetirement 4OurRetirement 9 hours ago
"Breakout trade WATCH for possible breakout above 10.67..."

"Target: 11.88, 14.2% Stop: 9.95 Loss: 4.3%
P/L ratio: 3.3 : 1 - Excellent"
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At Least According To:

https://www.stockconsultant.com/consultnow/basicplus.cgi?symbol=CDMO

If The Prior Posted Info Regarding Possible GlobeWirenews Is True,
imho We Shall See Further BreakOut up, Up, UP,...

Glta $CDMO Bulls, Watchers, & StockHOLDers!
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r622102675 r622102675 9 hours ago
Nothing from what I can see on the globe news wire website?โ€ฆr
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4OurRetirement 4OurRetirement 9 hours ago
According To "StockTwitsGPT", GlobeNewswire Reported That Avid Bioservices...

"$CDMO (Avid Bioservices)

Recent news: Avid Bioservices secured a multi-year contract with a top biopharmaceutical company, expected to significantly boost their revenue streams.

Source: GlobeNewswire"

source link:
https://stocktwits.com/StocktwitsGPT/message/580798104

This Might Be The Cause Of Recent Uptick In PPS.
And, If So, The ThinkOrSwim Potential MareketMakerMove Sounds Great!

Glta Bulls, Watchers, & StockHOLDers!
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horselover45 horselover45 20 hours ago
Would be interesting and profitable to reach 15.Def been a while.
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4OurRetirement 4OurRetirement 1 day ago
Coincidentally, Thereโ€™s An Open DownGAP That Possibly Relatesโ€ฆ

To That ThinkOrSwim Potential MarketMakerMove Of +/-$4.241

The Low On 6/21/23 Was $15.24
The High On 6/22/23 Was $14.70

Glta $CDMO Investors!
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4OurRetirement 4OurRetirement 1 day ago
ThinkOrSwim Shows Potential MarketMakerMove Of +/-$4.241, glta,eom.
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4OurRetirement 4OurRetirement 1 day ago
Thanks Jerald1. Good Catch. Glta CDMO StockHOLDers!eom.
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Jerald1 Jerald1 1 day ago
Trade was cancelled. Heavy volume though
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4OurRetirement 4OurRetirement 1 day ago
639Shares QuicklyTouches $11.33 In AfterHours. Glta,eom.
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jbainseky jbainseky 1 day ago
prepare for the end of day take-down. MM keeps upping the base and making it stronger.

FFTT
JBAIN
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Preciouslife1 Preciouslife1 1 day ago
My spider senses are TINGLING!
1.6 Million shares traded at 1 pm!!
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4OurRetirement 4OurRetirement 1 day ago
"Breakout trade WATCH for possible breakout above 9.85..."

"Target: 10.96, 15% Stop: 9.15 Loss: 4%
P/L ratio: 3.7 : 1 - Excellent"

At Least According To:

https://www.stockconsultant.com/consultnow/basicplus.cgi?symbol=CDMO

Glta $CDMO Bulls, Watchers, & StockHOLDers!
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bleedpurple bleedpurple 1 day ago
Our biggest customer (I think) Halo seems to be on the path to needing more product from us. There is chatter on Halo boards they potentially gearing up to buy a company again.
I just hope any buyout isnโ€™t taken private so us shareholders can choose to continue on with the new company.
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djohn djohn 1 day ago
we may be turning the corner here and the next 6 quarters could finally begin to fill in some of that excess capacity gap.
That's a very large corner lol. A year and a half until we finally begin to fill some of the capacity? That is pure incompetency!
The new capacity should have been 60-70% committed to before they even started the expansion and this new business should have started a year ago.

Build it and they will come never works!!! You never expand unless you have a customer to bring in upon completion. Basic Business 101

This commercial team has to start selling $80-100 million in new business every quarter or we get taken out at a low price.
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djohn djohn 2 days ago
I should have said that is if they don't get their sh_t together and sell something
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westjtter westjtter 2 days ago
Yikes!!! I hope you are wrong! Remember that there are still institutions with a higher share price cost still holding, along with a lot of new players holding stock right in this cost range......yes I agree that Nick would probably take the money and run, but I am hoping that there is enough resistance to push us closer to $15 for a buyout....assuming this were to happen in the short term. Because of our excess capacity(which if filled would be very profitable) I just do not believe that they will be able to take us out for a 20% premium.....I think $15 would be the minimum number!

If we hang in there for another year, I think we have a shot at $20 for a buyout....18 months out and with a bit revenue/contract luck, we may get closer to $25.

I can live with $15, but would certainly rather hang on for $20 plus, because I kind of think we may be turning the corner here and the next 6 quarters could finally begin to fill in some of that excess capacity gap.
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djohn djohn 2 days ago
Looks like their trying to value Avid at around $600 million. So with a 20% premium $720 million buyout.
Add in 1.5 million shares just given to top 5 people in PSU and RSU equals 65 million outstanding shares.
Looks like $11 per share?
Nick walks away with $17.5 million and $3.6 in severance.
IMO that's what a buyout looks like right now
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cheynew cheynew 2 days ago
A decent sized but

07/24/2024 11:36:26 EDT 9.50 153000 NDD
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EndoTarget EndoTarget 4 days ago
Day's Range 9.02 - 9.89

LOL
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cheynew cheynew 4 days ago
Volume picking up the last few minutes.
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4OurRetirement 4OurRetirement 4 days ago
"Breakout trade WATCH for possible breakout above 9.84..."

"Target: 10.94, 15.5% Stop: 9.09 Loss: 4%
P/L ratio: 3.9 : 1 - Excellent"

*******************************
At Least According To:

https://www.stockconsultant.com/consultnow/basicplus.cgi?symbol=CDMO

Glta $CDMO Bulls, Watchers, & StockHOLDers!
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NoMoDo NoMoDo 1 week ago
Yea. maybe $8.70. It will likely close around 9.70. And then a healthy pullback very soon. Not a bad thing. Needs some consolidation before the next move up.
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MusicBizExec MusicBizExec 1 week ago
A pullback near $8.50, would probably be a healthy thing right about now?
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NoMoDo NoMoDo 1 week ago
Daily chart.
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bleedpurple bleedpurple 1 week ago
Standard language with stock incentives that they immediately beat if company sold. Nothing unusual there. Go Nick go, new business with Halo stepping into fourth gear for a cash cow!!
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westjtter westjtter 1 week ago
Well it does show that Nick and the Board will certainly be motivated to sell this company at one point!
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ArchieK ArchieK 1 week ago
I think they're making sure they stay and stay active growing the company. Without some encouragement that life will be okay after a takeover maybe they wouldn't feel inclined to give it their all.
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djohn djohn 1 week ago
No not at all. Iโ€™m just suggesting that the BOD has put the C level people in a very nice position should the company be bought out.
My question would be why?
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geocappy1 geocappy1 1 week ago
Are you suggesting the company has been sold or the executives have been let go?
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djohn djohn 1 week ago
We could see $40. That would mean with what Nick already has vested and outstanding non vested shares that would become vested plus he gets a year of salary and bonuses and I figure well over 1 million shares. At $40 he would walk away with over $50 million++
The others would do well also

It that a golden parachute?
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cheynew cheynew 1 week ago
Thanks for finding that. I guess we wonโ€™t be seeing $40.
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djohn djohn 1 week ago
Change of control.
Here's why we saw the huge awards of Performance Stock Units in the past week IMO

https://ir.avidbio.com/node/20356/html#a_010 Page 40

Overview of Executive Severance Plan, Employment Agreements and Potential Payments Upon Termination or Change in Control
Under the Plan, in the event of a termination of the Executive Participantโ€™s employment by us without cause or a resignation by the Executive Participant for good reason, in each case within three (3) months prior to a change in control or within twelve (12) months following a change in control, the severance benefits for the Executive Participant shall consist of the following:

-immediate vesting in full of all of the Executive Participantโ€™s outstanding equity awards; provided, however, if vesting is otherwise based on satisfaction of performance objectives, such objectives shall be deemed satisfied at 100% of target for each performance period.
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djohn djohn 1 week ago
Wasn't PPHM suppose to go to $180 per share before the 2 reverse splits?
Just sayin lol
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jbainseky jbainseky 1 week ago
There is no timeline for the wager. Buyout over $40 PPS I win, under $40, you win. No buyout, wager is a push.
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Preciouslife1 Preciouslife1 1 week ago
I can actually remember like feeling like crying the day it dropped under $20 thinking no way $35 down to $20 and then all the way down to four and back up to $10 now!!
SUCH IS LIFE!!
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westjtter westjtter 1 week ago
I would like to make a bet and hope I lose it? lol Timeline please.
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jbainseky jbainseky 1 week ago
who wants to make a wager that there will not be a buy out at less than $40 PPS?

FFTT
JBAIN
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djohn djohn 1 week ago
Maybe a bidding war over $15?
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bfiest bfiest 1 week ago
Don't forget IMHO. Could definitely happen. But they could also just as easily move the ball forward. Nobody knows. Time will tell.
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EndoTarget EndoTarget 1 week ago
11 will trigger the buyout at 15. Unfortunately.
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tech0200 tech0200 1 week ago
The stellar compliance record is steve King's legacy that carried over to Lias and Nick after his departure. Nick and Lias can get the credit for keeping the team responsible for maintaining such stellar compliance in place but that is something that is very easy to do. Where Nick failed is in filling,or starting to, the new capacity. Plus Steve King took Bavi into phase III. Had it not been for the phase II sabotage Bavi would have probably been approved. Nick has failed so far in starting to fill the new capacity after more than ample time. I do hope you are right but I hope we get taken over at a good price after all of this waiting. Maybe the price jump bodes well for the near future, i hope.
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Preciouslife1 Preciouslife1 1 week ago
Being cryptic much!?!?!
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r622102675 r622102675 1 week ago
Oh I think I know why the jump occurredโ€ฆbut you probably wonโ€™t like the reasonโ€ฆimao..,r
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djohn djohn 1 week ago
It's a Powell short squeezer
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epcjmc epcjmc 1 week ago
Shorts are covering imho!
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