The price of AvidXchange Holdings Inc (NASDAQ: AVDX) closed at $12.32 in the last session, down -1.28% from day before closing price of $12.48. In other words, the price has decreased by -$0.16 from its previous closing price. On the day, 1161214 shares were traded.
Ratios:
We take a closer look at AVDX’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.57 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 406.00. 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, Piper Sandler on January 02, 2024, Downgraded its rating to Neutral and sets its target price to $13 from $12 previously.
On December 06, 2023, BTIG Research started tracking the stock assigning a Buy rating and target price of $14.
On December 05, 2023, BMO Capital Markets started tracking the stock assigning a Market Perform rating and target price of $11.BMO Capital Markets initiated its Market Perform rating on December 05, 2023, with a $11 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, AVDX now has a Market Capitalization of 2.52B and an Enterprise Value of 2.21B. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.61 while its Price-to-Book (P/B) ratio in mrq is 3.83. Its current Enterprise Value per Revenue stands at 5.80 whereas that against EBITDA is 668.69.
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. The 50-Day Moving Average of the stock is 12.29, while the 200-Day Moving Average is calculated to be 10.85.
Shares Statistics:
According to the various share statistics, AVDX traded on average about 1.99M shares per day over the past 3-months and 1.48M shares per day over the past 10 days. A total of 204.08M shares are outstanding, with a floating share count of 155.75M. Insiders hold about 23.77% of the company’s shares, while institutions hold 68.17% stake in the company. Shares short for AVDX as of Mar 15, 2024 were 8.27M with a Short Ratio of 4.16, compared to 8.73M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.05% and a Short% of Float of 4.44%.
Earnings Estimates
The company has 10 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.03 for the current quarter, with a high estimate of $0.05 and a low estimate of $0.02, while EPS last year was -$0.02. The consensus estimate for the next quarter is $0.04, with high estimates of $0.07 and low estimates of $0.02.
Analysts are recommending an EPS of between $0.32 and $0.13 for the fiscal current year, implying an average EPS of $0.22. EPS for the following year is $0.37, with 10 analysts recommending between $0.52 and $0.2.
Revenue Estimates
According to 12 analysts, the current quarter’s revenue is expected to be $102.83M. It ranges from a high estimate of $105.18M to a low estimate of $101M. As of the current estimate, AvidXchange Holdings Inc’s year-ago sales were $82.69M, an estimated increase of 24.40% from the year-ago figure. For the next quarter, 12 analysts are estimating revenue of $107.39M, an increase of 20.70% less than the figure of $24.40% in the same quarter last year. There is a high estimate of $108.88M for the next quarter, whereas the lowest estimate is $104.55M.
A total of 13 analysts have provided revenue estimates for AVDX’s current fiscal year. The highest revenue estimate was $458M, while the lowest revenue estimate was $443.1M, resulting in an average revenue estimate of $446.57M. In the same quarter a year ago, actual revenue was $380.72M, up 17.30% from the average estimate. Based on 13 analysts’ estimates, the company’s revenue will be $518.62M in the next fiscal year. The high estimate is $531.5M and the low estimate is $505.38M. The average revenue growth estimate for next year is up 16.10% from the average revenue estimate for this year.
