The closing price of AvidXchange Holdings Inc (NASDAQ: AVDX) was $11.14 for the day, down -4.30% from the previous closing price of $11.64. On the day, 2052989 shares were traded.
Ratios:
Our analysis of AVDX’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.04 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 367.12. For the most recent quarter (mrq), Quick Ratio is recorded 1.25 and its Current Ratio is at 1.25. In the meantime, Its Debt-to-Equity ratio is 0.22 whereas as Long-Term Debt/Eq ratio is at 0.21.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Goldman on April 15, 2024, Downgraded its rating to Sell and sets its target price to $11.50 from $13 previously.
On April 09, 2024, Keefe Bruyette started tracking the stock assigning a Mkt Perform rating and target price of $13.50.
Piper Sandler Downgraded its Overweight to Neutral on January 02, 2024, whereas the target price for the stock was revised from $12 to $13.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 20 ’24 when Drees Daniel sold 17,604 shares for $13.02 per share. The transaction valued at 229,142 led to the insider holds 750,744 shares of the business.
Stahl Ryan sold 4,217 shares of AVDX for $52,417 on Mar 18 ’24. The insider now owns 384,588 shares after completing the transaction at $12.43 per share. On Mar 15 ’24, another insider, Wilhite Joel, who serves as the insider of the company, sold 136,158 shares for $12.28 each. As a result, the insider received 1,672,020 and left with 454,878 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 5.98 while its Price-to-Book (P/B) ratio in mrq is 3.46.
Stock Price History:
Over the past 52 weeks, AVDX has reached a high of $13.56, while it has fallen to a 52-week low of $6.88.
Shares Statistics:
A total of 204.08M shares are outstanding, with a floating share count of 156.03M. Insiders hold about 23.64% of the company’s shares, while institutions hold 68.16% stake in the company.
Earnings Estimates
The firm’s stock currently is rated by Avadel Pharmaceuticals plc analysts. The consensus estimate for the next quarter is $6.80, with high estimates of $15.24 and low estimates of $4.16.
Analysts are recommending an EPS of between $Healthcare and $Healthcare for the fiscal current year, implying an average EPS of $Healthcare.
