AvidXchange Holdings Inc (AVDX)’s Ratio Roundup: Key Metrics for Trailing Twelve Months

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As of close of business last night, AvidXchange Holdings Inc’s stock clocked out at $10.96, down -0.18% from its previous closing price of $10.98. In other words, the price has decreased by -$0.18 from its previous closing price. On the day, 2.05 million shares were traded. AVDX stock price reached its highest trading level at $11.035 during the session, while it also had its lowest trading level at $10.84.

Ratios:

To gain a deeper understanding of AVDX’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.11 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 89.57. For the most recent quarter (mrq), Quick Ratio is recorded 1.34 and its Current Ratio is at 1.34. In the meantime, Its Debt-to-Equity ratio is 0.21 whereas as Long-Term Debt/Eq ratio is at 0.20.

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:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Jun 11 ’24 when Praeger Michael sold 29,192 shares for $10.85 per share. The transaction valued at 316,675 led to the insider holds 10,440,510 shares of the business.

Cunningham Todd Alan sold 28,424 shares of AVDX for $313,289 on May 23 ’24. The insider now owns 336,017 shares after completing the transaction at $11.02 per share. On May 20 ’24, another insider, Praeger Michael, who serves as the Chief Executive Officer of the company, sold 43,738 shares for $11.11 each. As a result, the insider received 486,117 and left with 10,440,510 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 2268478976 and an Enterprise Value of 1964091904. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.67 while its Price-to-Book (P/B) ratio in mrq is 3.38. Its current Enterprise Value per Revenue stands at 4.916 whereas that against EBITDA is -1082.741.

Stock Price History:

The Beta on a monthly basis for AVDX is 1.01, which has changed by 0.07874012 over the last 52 weeks, in comparison to a change of 0.2586832 over the same period for the S&P500. 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 -2.97%, while the 200-Day Moving Average is calculated to be -0.11%.

Shares Statistics:

It appears that AVDX traded 1.62M shares on average per day over the past three months and 1544940 shares per day over the past ten days. A total of 204.08M shares are outstanding, with a floating share count of 158.64M. Insiders hold about 23.21% of the company’s shares, while institutions hold 72.35% stake in the company. Shares short for AVDX as of 1715731200 were 7728700 with a Short Ratio of 4.13, compared to 1713139200 on 6888528. Therefore, it implies a Short% of Shares Outstanding of 7728700 and a Short% of Float of 4.18.

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