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After finishing at $7.75 in the prior trading day, AvidXchange Holdings Inc (NASDAQ: AVDX) closed at $7.66, down -1.16%. In other words, the price has decreased by -$1.16 from its previous closing price. On the day, 1.96 million shares were traded. AVDX stock price reached its highest trading level at $7.75 during the session, while it also had its lowest trading level at $7.545.
Ratios:
Our goal is to gain a better understanding of AVDX by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.42 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 38.64. For the most recent quarter (mrq), Quick Ratio is recorded 1.36 and its Current Ratio is at 1.36. 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 this company, Compass Point on September 04, 2024, initiated with a Neutral rating and assigned the stock a target price of $8.
On August 20, 2024, JP Morgan Downgraded its rating to Neutral which previously was Overweight and also lowered its target price recommendation from $11 to $9.
UBS Downgraded its Buy to Neutral on August 01, 2024, whereas the target price for the stock was revised from $15 to $10.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 30 ’24 when Wilhite Joel sold 19,358 shares for $8.15 per share. The transaction valued at 157,768 led to the insider holds 400,278 shares of the business.
Praeger Michael sold 6,701 shares of AVDX for $54,761 on Aug 29 ’24. The Chief Executive Officer now owns 10,410,983 shares after completing the transaction at $8.17 per share. On Aug 30 ’24, another insider, Wilhite Joel, who serves as the Officer of the company, bought 19,358 shares for $8.09 each.
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 1592100352 and an Enterprise Value of 1269669504. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.85 while its Price-to-Book (P/B) ratio in mrq is 2.32. Its current Enterprise Value per Revenue stands at 3.071 whereas that against EBITDA is 70.346.
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 -22.15%, while the 200-Day Moving Average is calculated to be -31.58%.
Shares Statistics:
The stock has traded on average 2.55M shares per day over the past 3-months and 1908470 shares per day over the last 10 days, according to various share statistics. A total of 204.08M shares are outstanding, with a floating share count of 159.50M. Insiders hold about 23.26% of the company’s shares, while institutions hold 75.76% stake in the company. Shares short for AVDX as of 1723680000 were 5063953 with a Short Ratio of 1.98, compared to 1721001600 on 7879036. Therefore, it implies a Short% of Shares Outstanding of 5063953 and a Short% of Float of 2.7199999999999998.
