The price of AvidXchange Holdings Inc (NASDAQ: AVDX) closed at $12.53 in the last session, down -3.84% from day before closing price of $13.03. In other words, the price has decreased by -$0.50 from its previous closing price. On the day, 1386439 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 5.66 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 412.44. 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 08 ’24 when Praeger Michael sold 105,386 shares for $12.80 per share. The transaction valued at 1,348,625 led to the insider holds 10,470,460 shares of the business.
Praeger Michael sold 69,508 shares of AVDX for $914,030 on Mar 01 ’24. The Chief Executive Officer now owns 10,183,941 shares after completing the transaction at $13.15 per share. On Mar 01 ’24, another insider, Drees Daniel, who serves as the President of the company, sold 38,900 shares for $13.15 each. As a result, the insider received 511,535 and left with 501,394 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 2.56B and an Enterprise Value of 2.25B. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.72 while its Price-to-Book (P/B) ratio in mrq is 3.90. Its current Enterprise Value per Revenue stands at 5.92 whereas that against EBITDA is 682.30.
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 11.83, while the 200-Day Moving Average is calculated to be 10.68.
Shares Statistics:
According to the various share statistics, AVDX traded on average about 2.01M shares per day over the past 3-months and 2.26M shares per day over the past 10 days. A total of 204.08M shares are outstanding, with a floating share count of 156.73M. Insiders hold about 23.20% of the company’s shares, while institutions hold 68.24% stake in the company. Shares short for AVDX as of Feb 29, 2024 were 9.21M with a Short Ratio of 4.59, compared to 8.94M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.51% and a Short% of Float of 4.94%.
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.
