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As of close of business last night, AvidXchange Holdings Inc’s stock clocked out at $11.60, down -3.25% from its previous closing price of $11.99. In other words, the price has decreased by -$3.25 from its previous closing price. On the day, 6.6 million shares were traded. AVDX stock price reached its highest trading level at $11.61 during the session, while it also had its lowest trading level at $10.95.
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 1.44 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 94.13. For the most recent quarter (mrq), Quick Ratio is recorded 1.25 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 Mar 20 ’24 when Drees Daniel sold 17,604 shares for $13.02 per share. The transaction valued at 229,142 led to the insider holds 750,744 shares of the business.
Stahl Ryan sold 4,217 shares of AVDX for $52,417 on Mar 18 ’24. The insider now owns 384,588 shares after completing the transaction at $12.43 per share. On Mar 15 ’24, another insider, Wilhite Joel, who serves as the insider of the company, sold 136,158 shares for $12.28 each. As a result, the insider received 1,672,020 and left with 454,878 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 2394611200 and an Enterprise Value of 2141953152. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.99 while its Price-to-Book (P/B) ratio in mrq is 3.57. Its current Enterprise Value per Revenue stands at 5.626 whereas that against EBITDA is -136.352.
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 -6.03%, while the 200-Day Moving Average is calculated to be 6.02%.
Shares Statistics:
It appears that AVDX traded 1.71M shares on average per day over the past three months and 1522670 shares per day over the past ten days. A total of 204.08M shares are outstanding, with a floating share count of 157.64M. Insiders hold about 23.64% of the company’s shares, while institutions hold 69.27% stake in the company. Shares short for AVDX as of 1713139200 were 6888528 with a Short Ratio of 4.02, compared to 1710460800 on 8270295. Therefore, it implies a Short% of Shares Outstanding of 6888528 and a Short% of Float of 3.6999999999999997.
Earnings Estimates
The dynamic stock of AvidXchange Holdings Inc (AVDX) is currently attracting attention from 11.0 analysts actively involved in rating its market status.On average, analysts expect EPS of $0.03 for the current quarter, with a high estimate of $0.05 and a low estimate of $0.02, 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 $0.22. EPS for the following year is $0.37, with 11.0 analysts recommending between $0.52 and $0.2.
Revenue Estimates
In the current quarter, 13 analysts expect revenue to total $102.92M. 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 $82.69MFor the next quarter, 13 analysts are estimating revenue of $107.78M. There is a high estimate of $109.94M for the next quarter, whereas the lowest estimate is $104.55M.
A total of 15 analysts have provided revenue estimates for AVDX’s current fiscal year. The highest revenue estimate was $459M, while the lowest revenue estimate was $443.1M, resulting in an average revenue estimate of $447.44M. In the same quarter a year ago, actual revenue was $380.72MBased on 15 analysts’ estimates, the company’s revenue will be $519.32M in the next fiscal year. The high estimate is $531.5M and the low estimate is $506.26M.
