Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
AvidXchange Holdings Inc (NASDAQ: AVDX) closed the day trading at $7.26 down -20.71% from the previous closing price of $9.15. In other words, the price has decreased by -$20.71 from its previous closing price. On the day, 6.48 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 3.79 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 24.50. For the most recent quarter (mrq), Quick Ratio is recorded 1.32 and its Current Ratio is at 1.32. In the meantime, Its Debt-to-Equity ratio is 0.12 whereas as Long-Term Debt/Eq ratio is at 0.11.
On November 07, 2024, Compass Point Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $8 to $15.
On September 04, 2024, Compass Point started tracking the stock assigning a Neutral rating and target price of $8.Compass Point initiated its Neutral rating on September 04, 2024, with a $8 target price.
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:
For the stock, the TTM Price-to-Sale (P/S) ratio is 3.49 while its Price-to-Book (P/B) ratio in mrq is 2.20.
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 $7.38. The 50-Day Moving Average of the stock is -29.19%, while the 200-Day Moving Average is calculated to be -26.95%.
Shares Statistics:
A total of 205.52M shares are outstanding, with a floating share count of 161.56M. Insiders hold about 21.47% of the company’s shares, while institutions hold 71.92% stake in the company.
Earnings Estimates
Investors are eagerly awaiting the insights provided by 7.0 analysts currently analyzing and rating the stock of AvidXchange Holdings Inc (AVDX).The consensus estimate for the next quarter is $0.07, with high estimates of $0.08 and low estimates of $0.05.
Analysts are recommending an EPS of between $0.33 and $0.26 for the fiscal current year, implying an average EPS of $0.29. EPS for the following year is $0.44, with 12.0 analysts recommending between $0.54 and $0.37.
Revenue Estimates
4 analysts predict $110.21M in revenue for the current quarter. It ranges from a high estimate of $110.72M to a low estimate of $109.56M. As of the current estimate, AvidXchange Holdings Inc’s year-ago sales were $105.6MFor the next quarter, 4 analysts are estimating revenue of $110.99M. There is a high estimate of $112.92M for the next quarter, whereas the lowest estimate is $109.89M.
A total of 4 analysts have provided revenue estimates for AVDX’s current fiscal year. The highest revenue estimate was $460M, while the lowest revenue estimate was $459.07M, resulting in an average revenue estimate of $459.38M. In the same quarter a year ago, actual revenue was $438.94MBased on 14 analysts’ estimates, the company’s revenue will be $538.66M in the next fiscal year. The high estimate is $560.98M and the low estimate is $516.82M.
