Why Avid Bioservices Stock Is Moving Higher Wednesday
Why Avid Bioservices Stock Is Moving Higher Wednesday
Avid Bioservices, Inc. (NASDAQ:CDMO) shares are trading higher on Wednesday following the company reporting better-than-expected 2024 fiscal-year fourth quarter sales.
Avid Bioservices, Inc.（納斯達克股票代碼：CDMO）週三股價上漲，此前該公司公佈的2024財年第四季度銷售額好於預期。
The Details: Avid reported fourth quarter financial results on Tuesday after the market closed. The company reported a loss of $1.94 per share missing analyst estimates of a loss of 4 cents per share.
詳情：Avid在市場收盤後於週二公佈了第四季度財務業績。該公司報告每股虧損1.94美元，未達到分析師估計的每股虧損4美分。
In addition, the company reported sales of $43 million beating analyst estimates of $42.14 million. This figure represents a 8.04% increase in sales year-over-year.
此外，該公司公佈的銷售額爲4,300萬美元，超過了分析師預期的4,214萬美元。該數字表示銷售額同比增長8.04％。
Avid also issued guidance for the 2025 fiscal year. The company sees revenue between $160 million and $168 million versus analyst estimates of $164 million.
Avid還發布了2025財年的指導方針。該公司預計收入在1.6億美元至1.68億美元之間，而分析師的估計爲1.64億美元。
"We generated the highest quarterly revenues in Avid's history, meeting our current revenue expectations for the year. During the period we signed multiple new project agreements, and we continue to see positive signs for business development in the year ahead," said Nick Green, CEO of Avid Bioservices.
“我們創造了 Avid 歷史上最高的季度收入，達到了我們目前對該年度的收入預期。在此期間，我們簽署了多個新的項目協議，未來一年我們將繼續看到業務發展的積極跡象。” Avid Bioservices首席執行官尼克·格林說。
Analyst Changes: Following the earnings report, one analyst issued a price target adjustment.
分析師變動：收益報告發布後，一位分析師發佈了目標股價調整。
- RBC Capital analyst Sean Dodge reiterates Avid Bioservices with a Outperform and maintains $8 price target.
- 加拿大皇家銀行資本分析師肖恩·道奇重申Avid Bioservices的表現跑贏大盤，並維持8美元的目標股價。
Related Link: Senti Biosciences (SNTI) Stock Is Up Over 100%: What's Happening?
相關鏈接： 森蒂生物科學（SNTI）股票上漲了100％以上：發生了什麼？
CDMO Price Action: At the time of writing, Avid stock is trading 16.6% higher at $7.8, according to data from Benzinga Pro.
CDMO價格走勢：根據Benzinga Pro的數據，在撰寫本文時，Avid股票的交易價格上漲16.6％，至7.8美元。
Image: 5710164 from Pixabay.
圖片：來自Pixabay的5710164。