The closing price of AvidXchange Holdings Inc (NASDAQ: AVDX) was $12.63 for the day, up 2.35% from the previous closing price of $12.34. In other words, the price has increased by $+0.29 from its previous closing price. On the day, 1250677 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 5.71 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 415.73. 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:
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 01 ’24 when Praeger Michael sold 69,508 shares for $13.15 per share. The transaction valued at 914,030 led to the insider holds 10,183,941 shares of the business.
Drees Daniel sold 38,900 shares of AVDX for $511,535 on Mar 01 ’24. The President now owns 501,394 shares after completing the transaction at $13.15 per share. On Mar 01 ’24, another insider, Wilhite Joel, who serves as the insider of the company, sold 27,384 shares for $13.15 each. As a result, the insider received 360,100 and left with 327,100 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 2.58B and an Enterprise Value of 2.27B. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.77 while its Price-to-Book (P/B) ratio in mrq is 3.93. Its current Enterprise Value per Revenue stands at 5.96 whereas that against EBITDA is 687.58.
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 11.77, while the 200-Day Moving Average is calculated to be 10.57.
Shares Statistics:
AVDX traded an average of 2.03M shares per day over the past three months and 3.19M shares per day over the past ten days. A total of 204.08M shares are outstanding, with a floating share count of 154.18M. Insiders hold about 24.45% of the company’s shares, while institutions hold 68.24% stake in the company. Shares short for AVDX as of Feb 15, 2024 were 8.73M with a Short Ratio of 4.30, compared to 7.67M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.28% and a Short% of Float of 4.69%.
Earnings Estimates
The firm’s stock currently is rated by 9 analysts. On average, analysts expect EPS of $0.03 for the current quarter, with a high estimate of $0.05 and a low estimate of $0.01, 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 $0.21. EPS for the following year is $0.35, with 10 analysts recommending between $0.52 and $0.2.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 12 analysts. 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 $505.39M. The average revenue growth estimate for next year is up 16.10% from the average revenue estimate for this year.
