Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
AvidXchange Holdings Inc (NASDAQ: AVDX) closed the day trading at $7.42 down -2.37% from the previous closing price of $7.60. In other words, the price has decreased by -$2.37 from its previous closing price. On the day, 2.35 million shares were traded.
Ratios:
For a better understanding of AVDX, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.92 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 21.85. For the most recent quarter (mrq), Quick Ratio is recorded 1.29 and its Current Ratio is at 1.29. In the meantime, Its Debt-to-Equity ratio is 0.11 whereas as Long-Term Debt/Eq ratio is at 0.10.
Compass Point Upgraded its Neutral to Buy on November 07, 2024, whereas the target price for the stock was revised from $8 to $15.
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 Dec 10 ’24 when Mackintosh Teresa sold 400 shares for $11.04 per share. The transaction valued at 4,414 led to the insider holds 46,988 shares of the business.
HAUSMAN JAMES E sold 25,000 shares of AVDX for $281,288 on Dec 09 ’24. The Director now owns 2,112,232 shares after completing the transaction at $11.25 per share. On Dec 06 ’24, another insider, Mackintosh Teresa, who serves as the Director of the company, sold 13,316 shares for $11.44 each. As a result, the insider received 152,370 and left with 47,388 shares of the company.
Valuation Measures:
As of this moment, AvidXchange’s Price-to-Earnings (P/E) ratio for their current fiscal year is 190.26, and their Forward P/E ratio for the next fiscal year is 20.39. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 13.42. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.48 while its Price-to-Book (P/B) ratio in mrq is 2.26.
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 $6.89. The 50-Day Moving Average of the stock is -25.95%, while the 200-Day Moving Average is calculated to be -24.85%.
Shares Statistics:
A total of 204.34M shares are outstanding, with a floating share count of 161.56M. Insiders hold about 21.47% of the company’s shares, while institutions hold 71.91% stake in the company.
