Bullish Case: Avid Bioservices' achievements in operating efficiency and potential industry growth, coupled with insider buying, suggest underlying value may rebound despite recent hardships.


Bearish Case: Recent significant sales misses, ongoing weak financial guidance, and a high price-to-book ratio signal possible continued struggles or even further declines in CDMO's stock price.


Potential Outcomes:

1) New partnerships lead to revenue growth (30%).

2) Market sentiment deteriorates, dragging price further (50%).

3) Stability through cost management, leading to minor recovery (20%).


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April 19, 2024


Avid Bioservices Forecast

CDMO        Avid Bioservices
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)






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